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Botswana: African Development Bank supports development finance agency BDC with $80 million Line of Credit

The African Development Bank and the Botswana Development Corporation (BDC) on Friday signed a Line of Credit (LOC) totaling $80 million to help scale up key investments in the southern African country.

BDC will on-lend to specific target groups, focusing on industrialization including manufacturing, transport and service sectors that have significant development impact.

Repayment will be over 10 years, including a two-year grace period.

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