New BDC board of directors named
Staff Writer | Wednesday November 5, 2025 06:26
The newly constituted Board at the government’s investment arm features a dynamic team of non-executive directors with diverse expertise across finance, governance, policy, investment, and transformation. The new appointees include Alice Wellio-Moyo, Boniface Mphetlhe, Professor Goemeone E.J. Mogomotsi, Chawada Moseki, Rizwan Desai, Botsang Ramorwa, and Bokete Mokgosi. Managing Director, Oteng Keabetswe, said their collective experience is expected to deepen BDC’s institutional capacity, enhance corporate governance, and support its mandate of driving inclusive growth and industrialisation. “This Board represents a new era of strategic leadership for BDC,” he said.
“Our shared mission is to steer capital into projects that transform Botswana’s economic landscape by creating jobs, strengthening trade corridors, and building national resilience. We are committed to governance excellence and to earning the confidence of both citizens and investors.” The announcement comes just months after the Ministry of Trade and Entrepreneurship suspended the boards of several of its parastatals, including BDC. The new appointments follow a period of strategic repositioning at the Corporation, which included Keabetswe’s own appointment as MDr and the achievement of several major milestones. These include a P400 million divestment from a mature investment in the food sector, unlocking a profit of P139 million, and the signing of a landmark $12 billion investment commitment from Qatar’s Al Mansour Holdings. Others are the launch of the Unity Healthcare Botswana Partnership Fund I, a multi-billion-Pula initiative aimed at expanding healthcare infrastructure and encouraging private investment in social development sectors.
According to the Corporation, together the new Board and executive leadership are expected to guide BDC’s next phase of growth, reinforcing its role as a catalyst for industrial and economic development. As a wholly government-owned entity with independent governance structures, BDC continues to balance commercial independence with public accountability. The new Board has introduced restructured governance committees and globally benchmarked due diligence processes to strengthen oversight and ensure that investments deliver sustainable value. With a 90% project success rate and a history of consistent returns, BDC remains one of Botswana’s most credible and profitable state-owned enterprises. Its renewed mandate aligns closely with the Botswana Economic Transformation Programme (BETP) and the country’s National Development Plan 12 (NDP 12), focusing on investments that promote diversification, value chain enhancement, and private sector participation.
Capital will be strategically directed toward high-impact sectors such as infrastructure, healthcare, agriculture, manufacturing, and technology, using a mix of debt, equity, mezzanine, and guarantee instruments. BDC’s refreshed governance structure and ambitious investment pipeline underscore the Corporation’s central role in Botswana’s journey toward sustainable and inclusive economic growth.