BDC offloads more properties

Tuesday, May 24, 2016

BDC intends to dispose 12 percent of its portfolio to fund new ventures

The Botswana Development Corporation (BDC) is offloading property worth P76 million as the state-owned development financial institution continues to restructure its investment portfolio.

In two separate deals with related party, Letlole Larona, BDC is selling residential properties in Gaborone’s leafy suburb of Extension 11 for a consideration of P42 million while a deal for a stake in property in Francistown is also being finalised for P34.6 million.

In a notice, Botswana Stock Exchange (BSE) listed Letlole said the two deals, which are still subject to regulatory and shareholders approval, will boost its balance sheet by P92 million to P779 million, post the transactions.

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BDC offloads more properties

The Botswana Development Corporation (BDC) is offloading property worth P76 million as the state-owned development financial institution continues to restructure its investment portfolio.

Human rights are sacred

Bakgatla Ba Kgafela celebrate as Kgosi Kgafela’s charges are dropped

First Lady's office hosts second annual thanks giving ceremony

PSLE performance on upward trend

Bona Life tee-off Maruapula Loxion Golf journey

Cops arrest young man, seize dagga in Metsimotlhabe

Second Mogoditshane rape attack in two weeks

Suspected suicide behind Sir Seretse Khama Barracks

Human rights are sacred