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
UDC's 100 Days: Please deliver your promises!

We duly congratulate them to have ousted the long ruling Botswana Democratic Party (BDP) from power. Prior to taking power from the BDP, the coalition had made several election promises that are credited for influencing change and swaying the people to vote in its favour.The party had made an undertaking, which its leader and President Duma Boko consistently bellowed in his campaign trail. These undertakings were promises that Batswana would be...

Have a Story? Send Us a tip
arrow up