BDC to pump P4.5bn into new projects

BDC Managing Director, Bashi Gaetsaloe
BDC Managing Director, Bashi Gaetsaloe

The Botswana Development Corporation (BDC) plans to pump P4.5 billion into several new projects, creating 3,500 direct and indirect jobs, under an ambitious new strategy launched after highly publicised investment failures.

The corporation has also turned the corner from huge losses that stretched from 2012 to 2014, caused mainly by investment impairments and poorly performing projects. One of the most highly publicised impairment was a P500 million write-off in the failed Fengyue Glass project in Palapye.

Since 2014, as part of a transformation within the corporation, BDC has been off-loading its holdings in projects seen as non-strategic, raising a total of P340 million, part of which will be invested under the new strategy.

Editor's Comment
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The contest had 10 beautiful young girls as finalists and unfortunately only one could wear the crown.The judges picked Anicia Gaothuse. To all those who feel their contestant should have won ahead of Anicia for whatever reason, hardly; the judges found Anicia to be the best among the best, so desist from disrespecting our newly crowned queen on social media or anywhere else, for that matter! Each of the 10 beautiful young women had supporters...

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