Stanbic Bank Botswana parent, Standard Bank, appointed as lead financing provider for the conversion of the Venetia Mine from open pit to underground.

Stanbic Bank Botswana parent, Standard Bank Group, has provided R4 billion of a R10 billion syndicated debt funding package required by De Beers Group for the biggest single investment in South Africa’s diamond industry and one of the largest mining investment projects currently underway in the Africa. Click here to read full article. https://www.weekendpost.co.bw/35475/business/de-beers-south-africa-flagship-diamond-mine-grows-deeper/