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.

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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.

A creative spark born out of COVID-19

Craftsmanship galore at Stan Chart Gin Soiree

Trytogether mentorship, a boost for women’s rugby

BNSC denies footing Namibia’s bill

Karate’s coup declared unlawful

Ngakaagae challenges evidence in Phase 2 shootout case

MissArtsy finds comfort in vectorisation

Madikwe Cultural Festival returns bigger, better

Morwaeng’s rants: Leaders must listen