NDB seeks P400m cash injection

Friday, September 16, 2016

The National Development Bank (NDB) says it is in talks with government to ask for a P400 million cash injection to keep the business afloat amid rising non-performing loans (NPLs). The troubled financial institution plans to present a restructuring plan shortly and hopes an improved balance sheet will put it in a better position for funding.

In a presentation to the Parliamentary Committee on Statutory Bodies and Pubic Enterprises, NDB chief executive officer, Lorato Morapedi said due to the macro and micro economic effects, 38% of the bank’s loan book fell into non-performing loans status.

She said this negatively affected the bank’s liquidity position, noting that in order to improve performance of the portfolio, there is need for funding support.

Already have an active account? Log in here.

Or Sign up and get unlimited access to premium articles.

Golden fields: The country has pursued food self-sufficiency as a long-running priority

A P1bn food security hole

Mbongeni Mguni | 15 May 2026

The ROI of hosting the Debswana World Athletics Relays

Thuso Palai | 15 May 2026

How do they perform their craft?

BONGI D D M RADIPATI* | 15 May 2026

Seakgosing’s humility united bitter rivals

Tsaone Basimanebotlhe | 1d ago

Humble giant laid to eternal rest

Tsaone Basimanebotlhe | 1d ago

The nation bids Mogae a final farewell

Johannes Kambai | 1d ago

Kazungula man loses P134k to 'KYC' scammers

Pini Bothoko | 1d ago

Palapye police probe rape of 11-year-old girl

Pini Bothoko | 1d ago

Oh what a State funeral!

That rare sight deserves heartfelt praise, not only for President Duma Boko and his administration, but also for the Botswana Democratic Party (BDP), the Umbrella for Democratic Change (UDC), the Mogae family, and the entire country.President Boko’s decision to grant a full state funeral to a man who belonged to a rival party was a mark of true statesmanship. He recognised that national leadership carries a weight that belongs to the whole...

The Monitor Editor | 19 May 2026

About us

Mmegi is the leading independent source of breaking news, latest news, current
affairs, Politics, Business, Sport, debates, analysis, and entertainment news in Botswana.