Botswana

04-Nov-2009

Botswana, Nigeria and Cape Verde Secure USD 441 Million for Energy and Poverty Reduction projects

Tunis, 28 October 2009 –  Executive directors of the African Development Bank (AfDB) Group approved near to USD 441 million in three loans for the implementation of projects in Botswana, Nigeria and Cape Verde, at their regular weekly session on Wednesday, 28 October 2009, in Tunis. Botswana Under the approvals, Botswana will receive €153 million (USD 225 million) to finance the Morupule B Power Project, which involves the construction of a 600 MW (4 x 150 MW) coal-fired power plant and associated transmission infrastructure. The project, to be co-financed by the World Bank, the...
30-Oct-2009

AfDB Approves € 153 Million for Botswana Power Project

Tunis, 29 October 2009 – The African Development Bank (AfDB) Group Board of Directors on Wednesday, 28 0ctober 2009 in Tunis, approved a loan of € 153 million to the Government of Botswana, to finance specific components of the Morupule B power station and associated transmission infrastructure. The project involves the construction of a 600-MW (4 x 150 MW) coal fired power plant and associated transmission infrastructure. The Morupule B plant will be located adjacent to the existing Morupule A plant, and connected to the national grid by two new transmission lines. Designed to help the...
02-Aug-2009

Address at the Signing of the Loan Agreement for the Economic Diversification Support Programme by the AfDB President Donald Kaberuka

Event: Signing of the Economic Diversification Support Program Loan Agreement I am pleased to be here, to see first-hand the remarkable progress your country has attained over the past four decades of stability and relative prosperity. The visit also gives me the opportunity in these exceptional circumstances of the global economic crisis, to assess the impact on the Botswana’s economy and to determine how best we can provide support to augment your own domestic efforts. As a result of the prudent management of the economy, dedicated leadership, strong institutions, checks and balances...
02-Aug-2009

Responding to the Financial Crisis-AfDB President’s Visit to Boost Relations with Botswana

Tunis, Tunisia, 31 July 2009 – The African development Bank (AfDB) Group President, Donald Kaberuka, will undertake a two-day official visit to Botswana, aimed at strengthening cooperation with the country, especially in relation to the financial crisis. Top on the agenda of the 2-4 August 2009 visit is the signing of the agreement for a US$ 1.5 billion budget support loan approved by the AfDB Board in June to help fill part of the gap in the government’s 2009/2010 budget deficit caused by falling commodity prices, particularly diamonds, the mainstay of the country’s well-managed economy...
16-Jul-2009

Botswana - Projet de centrale Morupule B - Résumé EIES

Le gouvernement botswanais et la Botswana Power Corporation (BPC) ont demandé à la Banque mondiale et à la Banque africaine de développement d’accompagner le développement du secteur de l’énergie du Botswana aux niveaux politique, stratégique et financier. Cet accompagnement comprend notamment l’octroi d’un prêt et/ou de garanties de la BIRD et de la BAD pour le projet de production et de transport d’énergie de la centrale au charbon Morupule B de 600 MW et pour les installations y afférentes. Le gouvernement et BPC souhaitent que le secteur de l’énergie, en particulier les projets de...
23-Jun-2009

Botswana - Morupule B Power Project - Executive ESIA Summary

The Government and Botswana Power Corporation (BPC) have called on the World Bank and African Development Bank to partner in the country’s energy sector development at the policy, strategy, and investment levels. This includes a request for provision of an IBRD and ADB loan and/or guarantees for the 600-MW coal-fired Morupule B Power Generation and Transmission project and other associated facilities. The Government and BPC desire that energy sector development, especially coal power projects, be implemented consistent with appropriate best practices for minimal environmental and social...
04-Jun-2009

Interview with the Director, Country and Regional Programming, Abdirahman D. Beileh following the approval of a US$ 1.5 billion Budget Support Loan to help the country cope with the financial crisis

Question: Tuesday, June 2, 2009, was an historic day when the Board approved the Country Strategy Paper and US$1.5 billion to Botswana. Why has Botswana, which had not borrowed from the Bank for the last 17 years, decided to urgently come to the Bank for a big loan? Response: Botswana is one of a number of countries that have been hit hardest by the current global financial crisis and economic downturn. This is mainly because of the dominance of the country’s mining industry, particularly diamonds, as the main economic driver and source of exports and government revenues. Starting from the...
02-Jun-2009

Interview with AfDB’s Governance, Economic and Financial Reforms Director, Gabriel Negatu, following the institution’s approval of a loan to finance the Botswana Economic Diversification Support Loan Programme

“The Bank stands ready to assist its regional member countries during these times of global economic turbulence by being responsive and delivering its products and services in a timely fashion, and in a manner that addresses the differentiated needs and challenges facing each member country,” AfDB Governance Department Director, Gabriel  Negatu Question: The African Development Bank (AfDB) Group has approved a major loan of US$ 1.5 billion to finance Botswana’s Economic Diversification Programme. Could you explain the reasons for this approval to our audience?  Answer: The...
02-Jun-2009

AfDB Approves US$ 1.5 Billion Budget Support for Botswana to Help Country Cope with the Financial Crisis

Tunis, June 2, 2009 - The African Development Bank (AfDB) approved today a loan of 1.5 billion US$ for Botswana, one of the best managed economies in Africa.  The loan falls within the framework of the recently approved strategy by the Bank to provide support to member countries affected by the financial crisis and is the largest such facility ever granted by the Bank.  The Budget Support Loan is designed to fill part of the gap in the government’s 2009/2010 budget deficit currently estimated at 13.5% of GDP caused by falling commodity prices, particularly diamonds. “The...
04-Dec-2008

Interview with Mr. Festus Mogae, Former President of Botswana

Question: Mr. President, this morning you made a very rich presentation and conducted a very fruitful discussion with AfDB staff, Senior Management and Ambassadors in Tunisia on extractive industries, as well as the success story of Botswana. How do you think these sessions of Eminent Speakers Program could contribute to better position the Bank as a knowledge institution? Answer: The AfDB is the Premier development financing institution in Africa which is owned by the majority of Africans themselves, to the extent that it can be a facilitator of exchange of views and experience...
04-Dec-2008

Botswana’s Former President Discusses African Extractive Industries

Under the African Development Bank (AfDB) Group’s Eminent Speakers Program, Botswana’s former President, Festus Mogae, addressed a seminar at the Bank’s Temporary Relocation Agency in Tunis.  He addressed Bank Staff, officials of international organizations and members of the diplomatic corps on Thursday, December 4, 2008, on the topic "Extractive Industries and Africa’s Development: Lessons from Botswana". He had a special session with the Bank’s board of directors on the same topic after a general session with Bank staff.  The Eminent Speakers Program started in 2006 as a...
11-Jun-2008

2004-2008 - Botswana - Progress report of the Country Strategy Paper

The Country Strategy Paper (CSP) progress report is a tool for monitoring implementation of the strategy, drawing lessons and adjusting the strategy, if need be. Thus the objective of this progress report is to take stock of progress made and constraints and challenges encountered since the implementation of the strategy in 2004.
01-Dec-2006

Multinational - SADC North - South Corridor Improvement Study

The Governments of Botswana and Zambia jointly requested the financial assistance of the Bank to prepare the detail design studies of the Kanzungula Bridge over the Zambezi River to remove the remaining physical and non-physical barriers along the SADC North-South transport corridor. The proposed bridge to link Botswana and Zambia over the Zambezi River is one of the missing links in the SADC regional trunk road network and has been included in the NEPAD-STAP. The proposed Detailed Design Studies will fully define the project and prepare it for implementation.
07-Oct-2004

2004-Southern Africa-Regional Assistance Strategy Paper

The Regional Assistance Strategy Paper (RASP) for Southern Africa is the first in the series of assistance strategy papers with a regional integration focus to be prepared by the African Development Bank. The Bank Group policy on Economic Co-operation and Regional Integration, which, was approved by the Boards of Directors in March 2001 requires the Bank to select and support organisations that can effectively foster regional integration efforts. Consistent with the founding mission of the Bank Group, regional integration has re-emerged as one of the central mandates of the 8th and 9th...

The Kazungula bridge