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
Watch your tongue Mr President

While his leadership has brought about significant progress and development, it is imperative that he exercises greater caution in his choice of words, particularly when addressing sensitive matters.One of the primary concerns is the potential impact of his remarks on Botswana’s relationship with De Beers, the diamond mining giant that plays a crucial role in the nation’s economy.The partnership between Botswana and De Beers has been mutually...

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