FNB leads the way in sustainable finance

First National Bank of Botswana says it has extended financing to two energy projects in the country as part of sustainable finance. The bank said Rand Merchant Botswana (RMB), its Corporate and Investment division, announced Green Building Loan for Barloworld Equipment Botswana, at the Botswana Stock Exchange Limited Bell Ringing Ceremony, signaling a significant milestone in sustainable finance.

“RMB has facilitated and financed a 5-year Green Building Loan for Barloworld Equipment Botswana, enabling the company to achieve a 51% increase in Energy Efficiency, a 29% reduction in Water Usage, and a 31% decrease in Embodied Energy in Materials,” FNB said on its Facebook page.

It added that in the same light, the Bank recently announced the facilitation and financing of the Mmadinare Solar Cluster 60MW project in Mmadinare, adding the Barloworld deal demonstrates the bank’s commitment in leading the path in sustainable and green financing.

“These achievements underscore the bank’s commitment and dedication to environmental stewardship and its support for the country’s transition journey.” (Pic: Courtesy of FNB)