US investors exit Milk Afric project

The Botswana Development Corporation (BDC) has parted ways with US investors who had acquired a 26% equity stake in the Milk Afric project

Last year, BDC took full control of Milk Afric, paying zero thebe for the transaction but assuming the obligations of the troubled Lobatse dairy project.

To date, the corporation has spent P48 million on the project, which has carried the costs of roads, boreholes, electricity connections, rotary, fencing and working capital.

Editor's Comment
Our digital safety is in our hands

That sounds like good news. But the report also warns that this may simply be because our digital economy is still young, not because we are safe. As more people shop, bank and pay online, criminals will follow.We Batswana do not need a report to tell us that danger is real. Many of us have heard of or fallen victim to KYC scams. A caller impersonates your bank or mobile money provider. They say they need to “verify” your account. They ask...

Have a Story? Send Us a tip
arrow up