Mmegi

BDC’s P2bn investment pipeline prioritises financial sector

Eyeing growth: Kgosidiile
Eyeing growth: Kgosidiile

The Botswana Development Corporation (BDC) says the financial services sector will dominate its P2 billion investment pipeline, receiving 55% of targeted funding.

The plans are contained in the corporation’s financial results for the year ended June 30, 2024, which were published to the Botswana Stock Exchange this week.

Beyond the financial services, BDC’s investment pipeline includes significant allocations to other sectors crucial to Botswana’s development such as the manufacturing sector which is due to receive 18% of the funds, while agro-processing is set to benefit 17% of the pipeline.

Editor's Comment
Get back what was stolen, and lock the door

That a single private law firm pocketed P6.5 million for just four cases, out of a total P11.1 million paid for 25 matters, reeks of a system that was not merely disorganised but open to abuse.Bayford has taken a welcome first step by telling the Public Accounts Committee the truth. Now he must act decisively to ensure it never happens again and that any money lost to wrongdoing is recovered.The figures are staggering. Whilst ordinary Batswana...

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