Mmegi

BDC ramps up P2.5bn project pipeline

Aiming high: BDC CEO, Cross Kgosidiile, is charting a new era of expansion for the state investment agency PIC: KENNEDY RAMOKONE
Aiming high: BDC CEO, Cross Kgosidiile, is charting a new era of expansion for the state investment agency PIC: KENNEDY RAMOKONE

The Botswana Development Corporation (BDC) plans to spend P2.5 billion on various 'high developmental impact' projects in the near future, with at least 25% dedicated to the manufacturing sector.

The BDC is the state investment agency primarily charged with economic diversification through investments and partnerships with the private sector. The corporation was allocated about P500 million in the current financial year for recapitalisation by government, its sole shareholder.

Officials told BusinessWeek that the investment pipeline will allocate a significant portion of funds to projects in manufacturing in order to pioneer new industries and bolster export-oriented businesses.

Editor's Comment
Let justice, not politics determine Salakae’s fate

“Justice should not only be done, but should manifestly and undoubtedly be seen to be done.”-Lord HewartHis decision was the correct one.The move neither proves guilt nor settles the serious allegations that have brought him to the doorstep of the Regional Magistrate’s Court.It does, however, recognise a basic principle of accountable government, that a minister facing criminal charges should not remain in a position that could create even...

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