BDC reaches for African footprint
Friday, May 17, 2013
The BDC, one of the few profit-making parastatals, participated in the recently ended Tourism Indaba held in Durban where it held several meetings with potential investment targets. Several senior officials, including acting managing director James Kamyuka added weight to the corporation's efforts to kick-off its efforts towards an African footprint with a possible investment in tourism.
"Our mandate is that we should invest in the region and put money into projects that we believe could generate income for Botswana," BDC spokesperson, Gomolemo Zimona said."We are going around seeing whether there are any projects worthy of participation. Another institution, (South Africa's) Industrial Development Corporation is investing in Botswana and we are also thinking about investing in South Africa".
The Francistown Umbrella Informal Sector chairperson, David Mbulawa, has highlighted this growing concern, revealing that many local traders are using their licences to facilitate the entry of foreign goods into the market at a fee.Fronting undermines the very fabric of our local economy. It allows foreign traders to exploit the system designed to benefit Batswana, using local licences to cross borders and sell goods at prices intended for local...