NDB, BSB score P341m bailout from govt

Friday, July 12, 2019

France minister, Matambo okayed the bailout

Government has allocated P341 million as additional capital injection for the National Development Bank and Botswana Savings Bank in the current financial year.

According to approved budget estimates made available recently, the Ministry of Finance and Economic Development approved P200 million as a bailout to the cash-strapped National Development Bank (NDB), which has been on its knees for several years.

“NDB is facing significant financial constraints which have affected its ability to adequately carry out its business of lending to customers,” reads a note accompanying the estimates.

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NDB, BSB score P341m bailout from govt

Government has allocated P341 million as additional capital injection for the National Development Bank and Botswana Savings Bank in the current financial year.

Rollers, Orapa brace for two-part sequel

Stanbic pretax profits up 11%

The audacity to be a unicorn

Faulty gadgets top complaints to BOCRA

Civil Society fights 'flawed' constitutional amendment

Civil Society calls for Constitution review governing Act

IEC rejects 2,513 registrations

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Inspect the voters' roll!