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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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BDC ramps up subsidiary funding to P190m

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 Makhenes Are Coming to Mzansi Magic

New Era, No Limits: SuperSport Gears Up for the Most Transformative Formula 1 Season in History

Big Brother Mzansi S6 BAZOZWA

In Celebration of International Women’s Month, CANAL+ and MultiChoice celebrate African women

'Cruel maid' denied bail

GrandPalm celebrates 30 years with Gin experience

Woman dies after crashing into UB wall

Motorist dies at the wheel in Molepolole–Shoshong accident

Let's show compassion to baby Asli