IFC issues P260m bond to fund Botswana firms

Deepening markets: The BSE will list the IFC bond on December 13, 2017
Deepening markets: The BSE will list the IFC bond on December 13, 2017

The International Finance Corporation (IFC), an arm of the World Bank, will next week list a P260 million bond on the Botswana Stock Exchange (BSE) as part of efforts to drive Pan-African private investments.

The bond would be the first listing by a multilateral institution on the local bourse.

“The issuer seeks to bring together domestic and foreign private capital and experienced management and thereby create conditions conducive to the flow of private capital (domestic and foreign) into productive investments in its developing member countries.

Editor's Comment
The corrupt must be punished

The findings reveal a disturbing pattern of misconduct and lack of transparency that cannot be ignored.The Tribunal, led by Judge President Justice Kabelo Lebotse, has rightly condemned the Ministry for its eyebrow raising conduct in awarding a P1.8 billion water tender to China Civil Engineering Construction Corporation (Pty) Ltd and Zhong Gan Engineering & Construction Corporation (Pty) Ltd.The award was made despite alleged clear evidence that...

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