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African Development Bank Group (AfDB)
Source: African Development Bank Group (AfDB) |

African Development Bank Approves $304 Million Loan to Support Botswana's Fiscal Stability and Economic Reforms

The country’s fiscal deficit widened -- from a balanced budget in 2022/23 to 4.7% of GDP in the 2023/24 financial year–– and is projected to reach 6.7% in the current fiscal year

The African Development Bank (www.AfDB.org) has approved a $304 million loan to Botswana to support the southern African country in managing mounting fiscal challenges and implementing key governance and economic reforms.  The funding, approved by the Bank Group’s Board of Directors on Wednesday, will finance the Governance and Economic Resilience…

African Development Bank Group (AfDB)

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    • Botswana: AfDB’s support to Lobatse Clay Works
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    • Workers sort newly produced bricks at Lobatse Clay Works. The company has experienced a remarkable revival, partly thanks to strategic investment from the African Development Bank
    • A forklift operator at Lobatse Clay Works loads bricks into trucks for distribution into the local market and export
    • AfDB’s Deputy Director General for Southern Africa, Moono Mupotola inspects freshly manufactured bricks at the revitalized Lobatse Clay Works facility during her recent site visit to the project
    • Sample bricks on display at the revitalized Lobatse Clay Works facility
    • The revitalized Lobatse Clay Works facility resumes full operations with ambitious plans to reclaim and surpass its previous market dominance
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Source: African Development Bank Group (AfDB) |

Rebuilding Botswana's Construction Future: African Development Bank bolsters Lobatse Clay Works revival

Recognizing Lobatse Clay Works’ potential, the African Development Bank provided a loan facility, in partnership with the Botswana Development Corporation to turn around the company’s fortunes

The kilns are firing again—and with them, the economic hopes of a community. In the quiet town of Lobatse, southern Botswana, a decades-old industrial landmark is undergoing a remarkable renaissance. Lobatse Clay Works (LCW), a brick manufacturer that was once the cornerstone of Botswana's construction industry, has been resurrected owing…

African Development Bank Group (AfDB)

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    • Botswana: AfDB’s support to Lobatse Clay Works
    • Botswana: AfDB’s support to Delta Automotive Technologies Botswana (Pty) Ltd
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    • Delta Automotive's skilled workforce crafts precision wiring harnesses that power Volkswagen and Nissan vehicles, showcasing Botswana's growing footprint in global automotive manufacturing
    • Delta Automotive makes wiring harnesses primarily for Volkswagen and Nissan vehicles
    • A skilled technician at Delta Automotive Technologies carefully positions a freshly manufactured wire roll onto the storage rack, preparing it for the next critical phase in the wiring harness production process
    • A Delta Automotive Technologies representative demonstrates a complete wire harness set and explains its functionality
    • Delta Automotive technician perfects critical wire Harness destined for South African auto assembly lines
    • One of the female workers at Delta Automotive Technologies knitting wires together
    • Some female workers at Delta Automotive Technologies carefully knitting wires together
    • A worker at the Delta Automotive plant carefully knits wires together
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Source: African Development Bank Group (AfDB) |

Wiring Africa's industrial future: African Development Bank’s helping to spur Botswana's automotive revolution

Across sprawling factory floors, hundreds of skilled hands meticulously assemble intricate wiring harnesses - components that will eventually power Volkswagen and Nissan vehicles across Africa and beyond

The Botswanan town of Lobatse, some 70 km south of Gaborone, has been transformed into a vibrant manufacturing centre. Across sprawling factory floors, hundreds of skilled hands meticulously assemble intricate wiring harnesses - components that will eventually power Volkswagen and Nissan vehicles across Africa and beyond. In the automotive industry, wire…

African Development Bank Group (AfDB)

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    • African Development Bank Group celebrates 60 years of transformative impact across Africa and 53 years of its operations in Botswana
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Source: African Development Bank Group (AfDB) |

Botswana Vice President Lauds African Development Bank’s 60-Year Legacy, Urges Economic Resilient Africa

VP Gaolathe extols the African Development Bank as “a beacon of Africa's own dream”

Botswana’s Vice President and Finance Minister Ndaba Nkosinathi Gaolathe has urged African leaders to build an economically viable and resilient continent amid global funding challenges, geopolitical tensions, and increased tariff regimes. Speaking at an event marking the African Development Bank Group’s 60 years of transformative impact across Africa and 53…

African Development Bank Group (AfDB)

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    • Africa must strengthen accountability and governance to prosper -- Botswana President Duma Boko (1)
    • Africa must strengthen accountability and governance to prosper -- Botswana President Duma Boko (2)
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Source: African Development Bank Group (AfDB) |

Africa must strengthen accountability and governance to prosper -- Botswana President Duma Boko

As African Economic Conference opens, leaders call for bold reforms and decisive action to accelerate Africa's dream of becoming a global powerhouse

Africa’s economic success and sustainability are intrinsically linked to accountable governance, Botswana’s President, Duma Boko, stressed at the opening of the 2024 African Economic Conference in Gaborone. “Peace and stability in Africa must be anchored on accountable and responsive governance,” the president said adding, “This is a fundamental human right…

African Development Bank Group (AfDB)
Source: African Development Bank Group (AfDB) |

Botswana: African Development Bank Group commits $180 million to bolster post-Covid-19 economic recovery

The program will directly benefit several government ministries, departments and agencies

The Board of Directors of the African Development Bank (www.AfDB.org) has approved a loan of $179.66 million to support government reforms to restore post-pandemic fiscal stability and economic recovery. The funds for phase II of the program will build on the successes of the first phase by supporting policy measures designed to…

African Development Bank Group (AfDB)

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    • Representatives of the Botswana Stock Exchange (BSE), Mauritius Commercial Bank Group and the African Development Bank Group attending the bell-ringing ceremony in Gaborone for the ADBF’s listing on the BSE
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Source: African Development Bank Group (AfDB) |

African Domestic Bond Fund Lists on Botswana Stock Exchange

ADBF is the first multinational fixed income exchange-traded fund in Africa

The African Domestic Bond Fund (ADBF), an exchange-traded fund, has been listed in the local Pula currency on the Botswana Stock Exchange (BSE). The listing, on 15 September 2022, follows the Fund’s primary US dollar listing on the Mauritius Stock Exchange in 2018. The Pula-denominated listing will offer investors an…

African Development Bank Group (AfDB)

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    • AfDB is providing a $30 million loan that is expected to fund manufacturing enterprises in the SADC region like this cloth factory in Lesotho
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Source: African Development Bank Group (AfDB) |

Botswana: Private sector development in Southern Africa region gets boost with approval of $30 million loan to Norsad Capital from African Development Bank Group

The project is aligned with a number of African Development Bank priorities, including its High-5 strategic priorities

The Board of Directors of the African Development Bank Group (www.AfDB.org) approved a $30 million loan to Norsad Capital Limited (https://NorsadCapital.com) financing for businesses and to promote private sector development in the Southern Africa Development Community region. Norsad will channel a portion of the funding to enterprises operating in transition states…

African Development Bank Group (AfDB)

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    • African Development Bank Group Vice Presidents and Director General on official visit to Botswana and Zimbabwe
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Source: African Development Bank Group (AfDB) |

African Development Bank Group Vice Presidents and Director General on official visit to Botswana and Zimbabwe

Visits highlight Bank’s commitment to SADC, regional integration efforts

A senior leadership team from the African Development Bank Group (www.AfDB.org) has arrived in the southern African capital Gaborone, on the first leg of an official visit to Botswana and Zimbabwe. The delegation is led by Acting Vice President, Regional Development, Integration and Business Delivery Yacine D. Fal. It includes…

African Development Bank Group (AfDB)
Source: African Development Bank Group (AfDB) |

African Development Bank’s SEFA to provide $1 million in support of Botswana’s energy transition

Through its support for the further development of the renewable energy generation sector in Botswana, the project also contributes to the Mega Solar initiative

The Sustainable Energy Fund for Africa (SEFA) (bit.ly/3JQ7ilg), managed by the African Development Bank (www.AfDB.org), has approved a $1 million grant to facilitate Botswana’s transition to clean energy. The technical assistance project supports the Government of Botswana in closing critical gaps in policy, regulatory and legal frameworks, which were identified…