NDB, BSB score P341m bailout from govt

Friday, July 12, 2019

France minister, Matambo okayed the bailout

Government has allocated P341 million as additional capital injection for the National Development Bank and Botswana Savings Bank in the current financial year.

According to approved budget estimates made available recently, the Ministry of Finance and Economic Development approved P200 million as a bailout to the cash-strapped National Development Bank (NDB), which has been on its knees for several years.

“NDB is facing significant financial constraints which have affected its ability to adequately carry out its business of lending to customers,” reads a note accompanying the estimates.

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NDB, BSB score P341m bailout from govt

Government has allocated P341 million as additional capital injection for the National Development Bank and Botswana Savings Bank in the current financial year.

42 out of 45 bodies of Limpopo bus crash victims identified

Selefu

Selefu

Civil Society threatens court action over constitution amendment

Fans urged to fill up stadium

Coaches take jabs ahead of derby

A city divided!

Civil Society threatens Masisi with legal action

Routine child vaccination imperative