BDC to shed property investments

Tuesday, March 23, 2010

In a move expected to unlock wealth for local investors, the Botswana Development Corporation (BDC) is to embark on a major divestment from its multi-million pula property portfolio.

The divestiture is part of BDC's Strategic Plan for 2007 - 2011. Between 2007 and 2008, BDC reviewed its various wholly, owned and equity property assets with a view to shedding its interest in selected properties.

BDC's strategists are targeting mature investments for divestment, thereby unlocking funds that will kick-start a process through which local investors will tap into the profitability of the property investments.

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