Resurgent BDC targets P750m investment deals

Driving Seat: Lekaukau says the BDC's assets under management hit a record high PIC: PHATSIMO KAPENG
Driving Seat: Lekaukau says the BDC's assets under management hit a record high PIC: PHATSIMO KAPENG

The Botswana Development Corporation (BDC) plans to spend up to P750 million on various new projects this year, bolstered by resurgent finances and an P800 million loan from the African Development Bank (AfDB), BusinessWeek has learnt.

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.

Editor's Comment
CAF is a joke, but...

We are told of massive spin-offs for hosting countries, which we assume was the catalyst behind putting in the bid.We are not too sure if it is a one-size fits all, where any hosting nation reaps the benefits or it’s on a case-by-case basis.There are arguments from both ends, with hosting a sure way to accelerate infrastructure development and a guaranteed cash flow during the 30-days of the tournament.There is a bump in employment creation...

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