BDC reaches for African footprint

DURBAN: The Botswana Development Corporation (BDC) is assessing areas for investment in the region, including in South Africa, as part of its recently launched cross-border investment initiative, Mmegi Business has learnt.

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".

Editor's Comment
Your vote matters

This period, running from May 20 to 31 2024, is crucial for those who have not yet registered to vote. This announcement comes in response to a significant shortfall in registered voters following the recent registration period. As it stands, only 62% of the target number of voters registered, leaving a considerable gap.With Botswana's general elections scheduled for October, every eligible citizen needs to register and exercise their...

Have a Story? Send Us a tip
arrow up