GetBucks seeks P500m to expand operations

Get Bucks Bulding.PIC: MORERI SEJAKGOMO1
Get Bucks Bulding.PIC: MORERI SEJAKGOMO1

Emerging micro-finance company, GetBucks Botswana is seeking to raise P500 million through a domestic medium term note (MTN) programme to expand its loan book.

The company, which embraces technology as a means to provide financial products and services to customers, recently stated that it intends to raise between P100 million and P200 million as a first tranche of the note.

“The Botswana Stock Exchange (BSE) has approved the programme memorandum for the note and it is anticipated that the note will be listed on the BSE on January 30, 2017,” the company said in a statement.

Editor's Comment
Botswana at a critical juncture

While the political shift brings hope for change, it also places immense pressure on the new administration to deliver on its election promises in the face of serious economic challenges.On another level, newly appointed Finance Minister Ndaba Gaolathe’s grim assessment of the country’s finances adds urgency to the moment. The budget deficit, expected to be P8.7 billion, is now anticipated to be even higher due to underperforming diamond...

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