RMB, Barloworld seal P105m green deal

Deal done: RMB and BSE officials during a bell-ringing ceremony to mark the Barloworld deal last week PIC: PHATSIMO KAPENG
Deal done: RMB and BSE officials during a bell-ringing ceremony to mark the Barloworld deal last week PIC: PHATSIMO KAPENG

First National Bank of Botswana (FNBB) through its corporate investment banking division, Rand Merchant Bank (RMB), has extended a P105 million green building loan to Barloworld, in yet another milestone in sustainable funding in the local market. The five-year loan is for the construction of a new Barloworld Head Office building in Phakalane.

The building, which will be launched in May, is said to have achieved notable sustainability certifications, including EDGE Advanced Certification (Preliminary Certification), with impressive statistics such as 51% energy efficiency, 29% water savings, and 31% less embodied energy in materials.

Commenting on the development, RMB acting director, Harriet Mlalazi, said the ground-breaking deal is a first for the Botswana market, adding that through the transaction, RMB also provided advisory services to Barloworld as the sole arranger and lender.


Editor's Comment
Let’s stand against the menace of ‘CAT’

Methcathinone’s addictive grip is tightening, and its consequences are devastating. Lives are being ruined, families torn apart, and futures dashed by its destructive power. The drug’s allure knows no bounds, with various methods of ingestion making it accessible to users of all preferences.Whether it’s snorted, smoked, injected, or taken orally, the outcome is the same: a path of ruin and despair. It is time for action. The government,...

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