BDC divest from Asphalt

Last year, the corporation embarked on an exercise to review its business portfolio, which is aimed at divesting from approximately 12 percent of its current portfolio of projects and shed assets that do not necessarily fit into the new strategy. BDC, which is a government-owned business and development financier, holds 48 percent of shares in Asphalt Botswana, while other shareholders hold 52 percent. Asphalt Botswana was established in 1987 as a joint venture between BDC and private investors.

The company is involved in the construction of roads, infrastructure development, road resurfacing and supply of asphalt. In an interview with Mmegi Business, BDC head of marketing and communications, Boitshwarelo Lebang stated that Asphalt Botswana is a mature investment and that the shareholders intend to sell 100 percent of their shares.