BDC takes over struggling Milk Afric

Friday, February 28, 2020

Jaded hopes: Milk Afric was hailed as a game-changer for Lobatse

Botswana Development Corporation (BDC) has taken full control of Milk Afric, paying zero thebe for the transaction but assuming the obligations of the troubled dairy project.

Launched amidst much pomp and fanfare in 2016, Milk Afric was set to revolutionise the country’s dairy sector, erasing the dependence on South African products and resuscitating Lobatse.

The BDC, government’s investment and diversification agency, partnered with US investors to bring the concept to local shores, pumping P40 million into the project for 26% equity.

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