Completed Development AidData Chinese Aid

China Eximbank provides RMB 19.4 million loan for Kasane Housing Project (86 Units)

¥19.49M RMB

Funder	Export-Import Bank of China (China Eximbank)
Recipient Organization	Government of Botswana
Country	Botswana
Start Date	Jan 01, 2000
End Date	May 15, 2030
Duration	11,092 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`57795`

Grant Description

China Eximbank provides RMB 19.4 million loan for Kasane Housing Project (86 Units) In 2000, China Eximbank and the Government of Botswana signed an RMB 22,557,815 loan agreement for the Kasane Housing Project (86 Units).

📋 Loan / Grant Terms

💰 Loan Amountcarried the following borrowing terms: a 12 year maturity

📅 Maturity12 years

⏳ Grace Period4 years

💹 Interest Rate4%

The face value of the loan was subsequently revised to RMB 19,490,521.

The Government of Botswana used the proceeds from the loan to on-lend to the Botswana Housing Corporation (BHC) at a significantly higher interest rate (approximately 8.5%).

The BHC, in turn, used the proceeds from its subsidiary loan agreement with the Government of Botswana to construct 86 housing units in the town of Kasane.

Complant Botswana (Pty) Ltd., a subsidiary of China National Overseas Engineering Corporation, was the contractor responsible for implementation. This project was completed, but its precise date of completion is unknown.

📋 Staff Comments

Some sources indicate that this loan was secured in late 1999 and others indicate that it was secured in 2000.
There is also disagreement across sources with respect to the final maturity date of the loan. SAIS-CARI records a maturity length of 16-years. Botswana’s Ministry of Finance and Economic Development records a maturity = of 12-years. AidData relies on the maturity that is recorded by Botswana’s Ministry of Finance and Economic Development.

📚 Sources & References

Government Gazette
Presentation to the African Union for Housing Finance (AUHF) Conference
African Union for Housing Finance Conference: Financing Social Housing In Africa
China Eximbank
BOTSWANA HOUSING CORPORATION (KASANE HOUSING PROJECT LOAN) (RATIFICATION) ACT, 1999
BHC Annual Report 2013-14a
GOVERNMENT GAZETTE
GOVERNMENT GAZETTE
Government of Botswana External Debt Tables 2010
BHC Annual report 2010
BHC 2012
BHC 2013
BHC 2014
BHC 2015
BHC 2016
BHC 2017
BHC 2018
BHC 2019
BHC 2020 Loan applications and disbursements are still being received and processed as the projects continue to evolve. Ongoing monitoring and evaluation are in place to ensure project continuity.

All Grantees

Government of Botswana

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