US investors exit Milk Afric project

Friday, January 29, 2021

Getting back up: Milk Afric is looking for a new partner

The Botswana Development Corporation (BDC) has parted ways with US investors who had acquired a 26% equity stake in the Milk Afric project

Last year, BDC took full control of Milk Afric, paying zero thebe for the transaction but assuming the obligations of the troubled Lobatse dairy project.

To date, the corporation has spent P48 million on the project, which has carried the costs of roads, boreholes, electricity connections, rotary, fencing and working capital.

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