OPIC, Stanbic Bank issue $125m loan guarantee for Botswana's cutting, polishing industry

The Overseas Private Investment Corporation (OPIC), Stanbic Bank Botswana - a member of Standard Bank Group, and Botswana Finance have signed a $125 million loan guarantee to encourage lending to diamond manufacturers and polishing companies while allowing the organisations to share credit risk.

This is the second tranche of a $250 million OPIC loan guaranty – the first of which was fulfilled by Barclays Bank of Botswana in 2016.