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NDB secures P133m facility to boost grain production

NDB.PIC.KENNEDY RAMOKONE
NDB.PIC.KENNEDY RAMOKONE

National Development Bank (NDB), the state-owned agriculture lending entity, has secured a loan facility from the Arab Bank for Economic Development in Africa (BADEA) aimed at strengthening seasonal financing for farmers in Botswana’s key grain-producing regions of Pandamatenga and Mosisedi.

The US$10 million (about P133 million) facility, which is currently at the drawdown stage, is ring-fenced for seasonal input financing and is expected to ease longstanding funding constraints faced by commercial and emerging farmers in the two regions. Pandamatenga and Mosisedi blocks are widely regarded as the backbone of Botswana’s grain production and are central to national food security efforts.

The funding is a shot in the arm as it comes at a time when Botswana continues to grapple with high food import dependence, climate variability and rising input costs, all of which have placed pressure on domestic agricultural output. According to official data, the country imports a significant share of its staple foods, exposing the economy to external price shocks and currency pressures. By improving access to timely financing for inputs such as seeds, fertilisers and mechanisation, the NDB-BADEA facility is expected to support improved yields, stabilise production cycles and enhance farmer productivity. BADEA, a multilateral development finance institution owned by Arab League member states, provides financing and technical assistance to public and private sector institutions across Africa. Its support focuses on agriculture, infrastructure, rural development and social sector projects aligned with national development plans, the United Nations Sustainable Development Goals (SDGs) and the African Union’s Agenda 2063.

Editor's Comment
Doping needs our collective action

As such, we are now one step away from the shame of being labelled amongst the world’s worst offenders. This is a national embarrassment that demands an immediate, united response from every corner of our society. Pointing fingers is useless, we must all hold up our hands and play our part in the dealing with this matter.To our government and the Botswana National Sports Commission (BNSC), the call is for the to adopt decisive leadership and...

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