Mmegi

Afreximbank offers helping hand to Botswana

Ready to engage: Nwugo
Ready to engage: Nwugo

Afreximbank, one of Africa’s leading multilateral financiers, has signed an MoU towards a $1.5 billion programme for Botswana. Executives say as a shareholder, the country has access to a suite of funding and other tools to help in times of need. MBONGENI MGUNI speaks to Afreximbank Southern Africa regional director, HUMPHREY NWUGO

Mmegi: Kindly share on Afreximbank’s strategy or approach to partnering with Botswana?

Nwugo: Since its inception in 1993, Afreximbank has grown significantly, with a balance sheet approaching $45billion, primarily dedicated to loans and advances that drive critical sectors across the continent.

Editor's Comment
Let the courts follow the money

“Law and order are the medicine of the body politic and when the body politic gets sick, medicine must be administered.”– B.R. AmbedkarThe amount of money at play threatens to test the integrity of the country’s financial system, giving more reason to why the courts must be fully given leeway to lean on the matter and reach a conclusion.Botswana has spent decades building her reputation as a stable and credible financial jurisdiction.The...

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