BDC mounts second bid for P800m loan

Friday, May 10, 2019

Fairscape Precinct PIC. stefanuttistocks.com

Botswana Development Corporation (BDC) is hoping to get lucky on the second try with government to get a P800 million loan from African Development Bank (AfDB).

A previous attempt was rejected after Members of Parliament refused to approve a sovereign guarantee required for the AfDB loan as well as the bond issuance, as Parliament needed more details on the investments that BDC wants to undertake.

BDC’s Head of Corporate Affairs and Strategy, Boitshwarelo Lebang confirmed to BusinessWeek that they have made another application and the process is still ongoing.

Already have an active account? Log in here.

Or Sign up and get unlimited access to premium articles.

Stand-out: Athletics has over the years been the leading code PIC: BNSC

Athletics likely to go solo at Olympics

Calistus Kolantsho | 19 h ago

Amidst BFA fights, Sebego raises hand for presidency

Mqondisi Dube | 19 h ago

Chiefs puzzled by docking of points

Boitumelo Khutsafalo | 19 h ago

Fitness trainer, Zongwane breaks barriers

Calistus Kolantsho | 19 h ago

Khawa dangles largest payout

Kabelo Boranabi | 19 h ago

Ex-badminton official maintains innocence

Calistus Kolantsho | 20 h ago

Kwa Nokeng Oil sponsors young biker with P120,000

Larona Makhaiza | 20 h ago

Kwa Nokeng Oil sponsors young biker with P120,000

Larona Makhaiza | 20 h ago

Routine child vaccination imperative

The recent Vaccination Day in Motokwe, orchestrated through collaborative efforts between UNICEF, USAID, BRCS, and the Ministry of Health, underscores a commendable stride towards fortifying child health services.The painful reality as reflected by the Ministry of Health's data regarding the decline in routine immunisation coverage since the onset of the pandemic, is a cause for concern.It underscores the urgent need to address the...

The Monitor Editor | 15 April 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

BDC mounts second bid for P800m loan

Botswana Development Corporation (BDC) is hoping to get lucky on the second try with government to get a P800 million loan from African Development Bank (AfDB).

Athletics likely to go solo at Olympics

Amidst BFA fights, Sebego raises hand for presidency

Chiefs puzzled by docking of points

Fitness trainer, Zongwane breaks barriers

Khawa dangles largest payout

Ex-badminton official maintains innocence

Kwa Nokeng Oil sponsors young biker with P120,000

Kwa Nokeng Oil sponsors young biker with P120,000

Routine child vaccination imperative