BDC borrows P131m to finance new projects
Friday, October 06, 2017
BDC Managing Direction Bashi Gaetsaloe is driving the new investment strategy
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.
It is a clear signal that the government’s purse is empty and that our own behaviour has left veterinary officials fighting with one hand tied behind their backs. We have been here before. During COVID-19, many of us thought we knew better. We ignored simple rules, we carried on as if the danger was someone else’s problem, and the virus took lives and left our economy on its knees. We are still broke from that experience. Yet now, with FMD...