BDC on track to meet divestment target

FRANCISTOWN: Botswana Development Corporation (BDC) says it is on track to divest from 12 percent of its portfolio.

The corporation announced early this year it will shed 12 percent of companies that are not aligned to its strategy and those that have matured enough to be effectively run by the private sector.

At the time BDC, which invested in manufacturing, property, and the services sectors, also indicated that divestiture was part of its normal course of business as a corporation, to empower the private sector and Batswana in general.

Editor's Comment
CoA brings sanity to DIS/DCEC long-standing feud

This decision follows the raiding of the office of the former Director General of the DCEC, Tymon Katlholo early 2022 and his staff officer by the DIS operatives who reportedly took files that they had targeted.After all back and forth arguments, the CoA has set the record straight giving an invaluable lesson to the DIS that it was no super security organ and it does not have any powers to cogently supervise other security organs including the...

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