Botswana - Lign of Credit to The National Development Bank (NDB)

The first component involves the extension of a long-term LOC of Yen5.5billion to the National Development Bank (NDB) of Botswana. NDB will on-lend part of the funds to its private sector corporate clients and enterprises in the various sectors of the economy, including but not limited to: the Manufacturing; Industrial; Commercial & Services Sectors; Mining; Agriculture & Agro-Business; Real Estate Development Enterprises; Construction; Telecommunications; Tourism; Etc. The LOC will be used to provide long-term project finance, and to finance the importation of capital/replacement equipment and machinery, which would be used to increase the productive capacities, export potentials and import substitution activities of the sub-borrowers. The loan may also be used by the Borrower to finance the re-capitalization of the balance sheet of recently privatised companies, rehabilitation and renovation, so as to, inter alia, improve the productive capacity utilization of those enterprises. Part of the LOC would be extended to entities and enterprises responsible for the provision of water supply infrastructure and services in the urban areas, municipalities and villages in the country. Projects under consideration/implementation include, but are not limited to, the expansion of the Francis town water supply infrastructure; installation of pre-paid water meters in Gaborone , drilling of boreholes for sell/rehabilitation of existing boreholes and the construction/installation of more potable water treatment and distribution facilities. Part of the funds would also be extended to an entity responsible for the provision and rehabilitation of power generation and distribution facilities in the cities, municipalities and rural areas of Botswana.