BDC, AfDB sign P900m credit line

Deal sealed: Lekaukau and Kalif Mohamed Kahiyeh, AfDB division manager, Financial Intermediation and Inclusion
Deal sealed: Lekaukau and Kalif Mohamed Kahiyeh, AfDB division manager, Financial Intermediation and Inclusion

Botswana Development Corporation (BDC) and the African Development Bank (AfDB) have finally signed a thematic Line of Credit of P900 million for a 10-year tenor.

The AfDB loan, which required a sovereign guarantee from government, was once stalled, awaiting the green light from lawmakers who required more details on the investments that BDC was undertaking.

According to the Corporation’s acting managing director, Moatlhodi Lekaukau, the injection will support the BDC’s long term strategy to scale up its investments in key sectors including manufacturing, transport and service sectors with the objective to support transformation and industrialisation of the economy.

Editor's Comment
Congratulations Anicia Gaothuse!

The contest had 10 beautiful young girls as finalists and unfortunately only one could wear the crown.The judges picked Anicia Gaothuse. To all those who feel their contestant should have won ahead of Anicia for whatever reason, hardly; the judges found Anicia to be the best among the best, so desist from disrespecting our newly crowned queen on social media or anywhere else, for that matter! Each of the 10 beautiful young women had supporters...

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