Resurgent BDC targets P750m investment deals
Friday, December 13, 2019
![Driving Seat: Lekaukau says the BDC's assets under management hit a record high PIC: PHATSIMO KAPENG](https://cdn4.premiumread.com/?url=https://www.mmegi.bw/uploads/imported_images/2019/december/13/phplL5DrC.jpg&w=400&q=72&f=jpg&t=1)
Driving Seat: Lekaukau says the BDC's assets under management hit a record high PIC: PHATSIMO KAPENG
Five years ago, the state investment company was steeped in losses, mainly the result of high profile investment failures in which an estimated P700 million was lost.
While the 2014-2019 strategic plan ushered in recovery, critics of its early years said divestments from various assets were papering over the Corporation’s real state of affairs and propping up profits.
The BDP as a party known to have ample resources has always held its primaries well in time, but this time around that was not the case. The first leg of the primaries was held last weekend, with the final leg being billed for the coming weekend. This time around, the BDP failed to shine in its primary elections. The elections were chaotic; most if not all polling stations didn't open at the specified time of 6am. Loyal BDP members braved the...