IFC bond facility shields Afro businesses from forex risks

Botswana is among six African countries that will benefit from a pan-African bond programme introduced to the market this week by the International Finance Corporation (IFC) in partnership with Standard Chartered Bank.

The program is aimed at increasing the availability of local-currency financing for private sector businesses in the earmarked African  countries.

In a joint statement released by the two institutions, the IFC says the Pan-African Debt Medium-Term Note Programme will initially focus on Zambia, Ghana, Kenya, South Africa, Uganda and Botswana, but does not give an indication of the amounts involved.

Editor's Comment
Human rights are sacred

It highlights the need to protect rights such as access to clean water, education, healthcare and freedom of expression.President Duma Boko, rightly honours past interventions from securing a dignified burial for Gaoberekwe Pitseng in the CKGR to promoting linguistic inclusion. Yet, they also expose a critical truth, that a nation cannot sustainably protect its people through ad hoc acts of compassion alone.It is time for both government and the...

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