Gaetsaloe�s grand turnaround plan for BDC

Friday, October 16, 2015

After a three-year loss making streak, the Botswana Development Corporation (BDC) is poised to rebound and register a modest profit for the year-ended June 2015.

In the eyes of its youthful looking new managing director, Bashi Gaetsaloe, the expected return to profitability is evidence of the first fruits of an ambitious turnaround plan which targets doubling the corporation’s P3.6 billion balance sheet in five years.

When he took over the reigns at the government investment arm last year, BDC was a troubled entity weighed down by some subsidiaries that perennially bled losses.

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