Botswana - Botswana Development Corporation Limited (BDC) (AFDB-P-BW-HAA-004)

Countries
  • Botswana
Where the impacts of the investment may be experienced.
Financial Institutions
  • African Development Bank (AFDB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Bank Risk Rating
U
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Apr 24, 2019
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
Government of Botswana
The holder of the loan, grant, or other investment.
Sectors
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 80.52 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Primary Source

Original disclosure @ AFDB website

Updated in EWS Sep 8, 2020


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Project Description

According to bank documents, the objective of this project is to enable BDC to stimulate and grow industrial (i.e. manufacturing, transport, logistics etc.) and service sectors (i.e. health care) to enhance local companies' competitiveness and productivity in order to produce more goods and services in the country to generate more jobs. The LOC will also contribute to the realization of the Government of Botswana's development objective of diversification of the economy.

The proposed project proses a thematic Line of Credit (LOC) of up to USD 80 million to Botswana Development Corporation (BDC) to support targeted sectors such as manufacturing, logistics and services to promote "Industrialize Africa" agenda of the Bank and support economic diversification in Botswana. BDC is a development finance institution founded in 1970 by the Government of Botswana as the sole shareholder. Its mandate is to promote the development of industrial, commercial, and agricultural enterprises in the country. The company is a key player in the development of industrial parks and warehousing facilities to support industries and logistics enterprises. This is a strategic intervention which is also emphasized in BDC' business strategy to improve access to affordable and long-term finance for local enterprises to promote inclusive growth and job creation in Botswana.

Investment Description
  • African Development Bank (AFDB)
Contact Information

*Contact information not provided at the time of disclosure*

ACCOUNTABILITY MECHANISM OF AfDB

The Independent Review Mechanism (IRM), which is administered by the Compliance Review and Mediation Unit (CRMU), is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an African Development Bank (AfDB)-financed project. If you submit a complaint to the IRM, it may assist you by either seeking to address your problems by facilitating a dispute resolution dialogue between you and those implementing the project and/or investigating whether the AfDB complied with its policies to prevent environmental and social harms. You can submit a complaint electronically by emailing crmuinfo@afdb.org, b.kargougou@afdb.org, b.fall@afdb.org, and/or s.toure@afdb.org. You can learn more about the IRM and how to file a complaint at https://www.afdb.org/en/independent-review-mechanism/.