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BDC ramps up subsidiary funding to P190m

Friday, May 30, 2025 | 220 Views |

Supported: BDC is ploughing more funding into investments such as Milk Afric

State investment agency, Botswana Development Corporation (BDC), says it extended P189.8 million in funding to its subsidiaries in the year to June 2024, four times higher than the previous year, whilst also issuing letters of commitments in a bid to support their operations and expansions.

The corporation posted a loss before tax of P40.7 million for the year to June 2024 and narrowed this to P24.2 million in the half-year to December 2024.

In its latest annual report, the investment agency which boasts an asset value of P5.7 billion, revealed to stakeholders that ramped its spending to support subsidiaries from P42.6 million in 2023 to P189 million in the year to June 2024, an increase of P146 million on a year on year basis.

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