Moody�s lends support to BDC�s new strategy

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The Botswana Development Corporation’s (BDC) new strategy of increasing debt investments and reduce equity exposures will go a long way in addressing its legacy of high risk investments, the Moody’s Investor Service has said.

Announcing a first ever rating on BDC, Moody’s hailed the corporation’s new strategy where they intend to increase debt investments to as much as 75% of total   investments.

“As part of its new strategy, BDC also intends to reduce equity exposures and increase loans and preference shares exposure to around 75% of total investments.  A successful execution of BDC’s new growth strategy will likely lead to a more resilient earnings profile and stronger asset quality.

Editor's Comment
Inspect the voters' roll!

The recent disclosure by the IEC that 2,513 registrations have been turned down due to various irregularities should prompt all Batswana to meticulously review the voters' rolls and address concerns about rejected registrations.The disparities flagged by the IEC are troubling and emphasise the significance of rigorous voter registration processes.Out of the rejected registrations, 29 individuals were disqualified due to non-existent Omang...

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