Govt to sell off 44% of NDB

Government will soon relinquish 49 percent of its holding in the National Development Bank (NDB) to make way for Batswana to purchase a minimum of 30 percent of this while NDB workers will be offered five percent.

Under the privatisation model approved by Cabinet recently, of the 49 percent to be sold off, Batswana will be offered no less than 30 percent of NDB with leeway for the figure to rise according to demand. Citizen NDB employees will receive five percent while the balance after this will be offered to non-citizens.