NDB seeks approval to raise borrowing limit
Friday, November 07, 2008
The bank's borrowing currently stands at308 million and plans are underway to raise a further P180 million through a bond issuance which will see it break its borrowing ceiling, hence the need to raise the limit.
Moving for the approval of raising NDB's borrowing limit in Parliament on Tuesday, the Minister of Finance and Development Planning Baledzi Gaolathe said the bank will not be utilising the whole additional P600 million straight away.
March 28 will go down as a day that Batswana will never forget because of the accident that occurred near Mmamatlakala in Limpopo, South Africa. The tragedy affected not only the grieving families but the nation at large. Batswana throughout the process stood behind the grieving families and the governments of Botswana and South Africa need much more than a pat on the back.Last Saturday was a day when family members said their last goodbyes to...