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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.

'Face to face with the man who tried to kill me'

Couple perishes in suspected 'passion killing' crash

Dimajwe duo arrested after missing assault victim found buried

Dikoloti escapes injury after car hits cow

Five-year-old boy hospitalised after road accident in Mogoditshane

UDC rolls out 'promised' child grant

BPF to hold first youth, women congresses

Of borrowed wheels and brand new GD6

Two-tier education system demands action