Mmegi

Tough new mission for diversification dynamo

Capital central: The BDC’s headquarters in Gaborone PIC: MORERI SEJAKGOMO
Capital central: The BDC’s headquarters in Gaborone PIC: MORERI SEJAKGOMO

The agency that decades ago powered the growth of household names such as KBL, Air Botswana and the titans of insurance, healthcare, hospitality and others, has a new assignment. The BDC’s diversification strengths are being called upon for the P500bn BETP. MBONGENI MGUNI writes

Recently, the Botswana Development Corporation (BDC) revealed that its asset book of about P6 billion is yielding about P50 million in predictable cash, or a conversion rate of under one percent.

Essentially, the Corporation’s assets are underperforming, or not yielding returns that can match the level of investment and risk taken.

Editor's Comment
Ruling party should tread carefully on cadre deployment

But on the particularly sensitive question of cadre deployment, the BNF must tread very carefully.The issue deserves robust debate, not ideological enthusiasm. Recent public comments from the BNF leadership are reassuring: the party has said that government positions should be based on merit and competence rather than party membership, and that it does not have a specific cadre-deployment policy.That principle should remain firmly at the centre...

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