BDC borrows P131m to finance new projects

Friday, October 06, 2017

BDC Managing Direction Bashi Gaetsaloe is driving the new investment strategy

The Botswana Development Corporation (BDC) has borrowed a total of P131 million from the bond market; funds they will use for new projects as well as refinance existing loan facilities.

BDC has used its shares in Cresta, Letlole La Rona and Sechaba as security for the issued bonds after it failed to secure a government guarantee on the bond in September last year.

Listing of the issued notes has been approved by the Botswana Stock Exchange and was registered on the bourse’s bond platform on September 29, 2017.

Already have an active account? Log in here.

Or Sign up and get unlimited access to premium articles.

State wants protection for magistrate’s victims

Larona Makhaiza | 9 h ago

Quali-Med Laboratories unveils new dawn in healthcare

Kabelo Boranabi | 11 h ago

Hosanna show showcases gospel potential

Tsaone Basimanebotlhe | 11 h ago

Shaba Stele in near-quit breakthrough

Johannes Kambai | 11 h ago

New season catches hat-trick fever

Kabelo Boranabi | 12 h ago

GU chase first three-peat in seven years

Kabelo Boranabi | 12 h ago

BAUSA mobilises diaspora for development

Tsaone Basimanebotlhe | 1d ago

BERA warns on electricity licensing

staff writer | 1d ago

Gov't must guard against cadre deployment

As the Botswana National Front (BNF) discusses a policy to place suitably qualified members in strategic positions, the guiding consideration should remain whether an individual is the best person to serve the country. There is nothing wrong with qualified party members applying for public positions. Political affiliation should neither disqualify a capable candidate nor give them an advantage over others. Every Motswana deserves a fair...

The Monitor Editor | 27 October 2026

About us

Mmegi is the leading independent source of breaking news, latest news, current
affairs, Politics, Business, Sport, debates, analysis, and entertainment news in Botswana.