BDC divest from Asphalt

Lebang
Lebang

The Botswana Development Corporation (BDC) has put up its shares in Asphalt Botswana for sale, as part of its divestment strategy.

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.

Editor's Comment
Routine child vaccination imperative

The recent Vaccination Day in Motokwe, orchestrated through collaborative efforts between UNICEF, USAID, BRCS, and the Ministry of Health, underscores a commendable stride towards fortifying child health services.The painful reality as reflected by the Ministry of Health's data regarding the decline in routine immunisation coverage since the onset of the pandemic, is a cause for concern.It underscores the urgent need to address the...

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