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
Deficit relief must not invite complacency

“Financial freedom is more of ajourney than a destination.”– Rob BergerThe preliminary 2026–2027 budget deficit has been revised down to P9 billion, which is an equivalent to 3.1 percent of Gross Domestic Product (GDP). It is an improvement from the P26 billion or 8.9 percent of GDP projected in February.This P17 billion improvement is significant and deserves acknowledgement.Government’s restraint on non-essential expenditure, tighter...

Have a Story? Send Us a tip
arrow up