ODC secures P880m loan from StanChart

Friday, April 11, 2014

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.

Already have an active account? Log in here.

Or Sign up and get unlimited access to premium articles.

'I was deceived'

Larona Makhaiza | 9 h ago

Fierce battle looms in BPF Nata-Gweta primaries

Chakalisa Dube | 15 h ago

BPF to win all Serowe constituencies

Innocent Selatlhwa | 15 h ago

BDP councillor withdraws candidacy, decries voters roll manipulation

Tsaone Basimanebotlhe | 15 h ago

BDP primaries: More fireworks, twists and turns

Tsaone Basimanebotlhe,Goitsemodimo Kaelo | 15 h ago

Choppies' P1m Olympic incentive

Calistus Kolantsho | 17 h ago

Masole gears for third Chess Olympiad

Calistus Kolantsho | 18 h ago

Wildebeests on the cusp of rugby history

CALISTUS KOLANTSHO | 18 h ago

BDP primaries leave a lot to be desired

The BDP as a party known to have ample resources has always held its primaries well in time, but this time around that was not the case. The first leg of the primaries was held last weekend, with the final leg being billed for the coming weekend. This time around, the BDP failed to shine in its primary elections. The elections were chaotic; most if not all polling stations didn't open at the specified time of 6am. Loyal BDP members braved the...

The Monitor Editor | 22 July 2024

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.

Explore

More

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.