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.

Botswana- U.S health milestone celebrated

Johannes Kambai | 2d ago

Makgekgenene dismisses forced exit claims

Spira Tlhankane,Tsaone Basimanebotlhe | 2d ago

The night the dead tree sang again

Spira Tlhankane | 2d ago

GU reveal Tanzania ordeal: Coach punched, players attacked

Kabelo Boranabi | 2d ago

Botswana’s athletes enter the big-money era

Mqondisi Dube | 2d ago

Dinaledi chase World Cup qualification

Calistus Kolantsho | 2d ago

Gunners look to break hoodoo against Rollers

Boitumelo Khutsafalo | 2d ago

New Era bets on employability in new strategy

Larona Makhaiza | 17 Sep 2026

The Boko-led administration has to tread carefully

‘When you make peace withyourself, you make peace with the world’- Maha GhosanandaThis may come at a huge cost if not handled properly. What started off on Labour Day in Letlhakane this year, where Boko was in attendance when the militant lawyer-cum-trade unionist, Robert Rabasimane rebutted the President’s address in defence of the trade union has seemingly spiralled out of control. The issue is now creating a cat-and-mouse type of a...

Mmegi Editor | 11 September 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.