ODC secures P880m loan from StanChart

The fledgling Okavango Diamond Company (ODC) has secured a $100 million (P880 million) loan from Standard Chartered Bank Botswana to fund diamond purchases and other operational expenses.

 

Acting minister of finance Vincent Seretse made the announcement in Parliament on Wednesday when he was retrospectively requesting the House of Assembly’s ratification of a government guarantee for the loan facility extended to the state owned diamond company.

Editor's Comment
Women unite for progress

It underscores the indispensable role women play in our society, particularly in building strong households and nurturing families. The recognition of women as the bedrock of our communities is not just a sentiment; it's a call to action for all women to stand together and support each other in their endeavours.The society's aim to instil essential principles and knowledge for national development is crucial. By providing a platform for...

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