DFC II

closed

The project would provide lines of credit of US$6.2 million to BDC and US$5.0 million to NDB for financing productive enterprises in industry and agriculture. For BDC, the project would help finance a proposed investment program of US$30 million for FY84-86. Sixty percent of those investments will be directly in productive sub-projects in industry and agriculture, including commercial mixed farming, dairy farming, agro-processing, and metal fabrication. A significant proportion will be for the development of industrial estates and factory shells. The project would also provide technical assistance of US$800,000 to strengthen NDB's capability for playing a leading role in the development of small- and medium-scale enterprises; and US$200,000 for studies on the future of the declining mining community of Selebi-Phikwe. NDB sub-projects will include textile production, construction, metal-work, woodworks, general wholesale, retail and distribution operations, and four comparatively large operations in commercial agriculture.