BDC targets Nigeria, Ghana in expansion drive

Gaetsaloe PIC: KATLEGO MOTSAMAI
Gaetsaloe PIC: KATLEGO MOTSAMAI

The Botswana Development Corporation (BDC) says it intends to focus more on outward direct investments in order to boost its expansion beyond Botswana.

Among the countries targeted for investments are Nigeria, Ghana, Zambia and Kenya.

BDC managing director, Bashi Gaetsaloe told delegates at a stakeholder meeting this week that investing abroad will make the corporation more efficient, thereby enabling it to grow faster than it otherwise would.

Editor's Comment
Botswana at a critical juncture

While the political shift brings hope for change, it also places immense pressure on the new administration to deliver on its election promises in the face of serious economic challenges.On another level, newly appointed Finance Minister Ndaba Gaolathe’s grim assessment of the country’s finances adds urgency to the moment. The budget deficit, expected to be P8.7 billion, is now anticipated to be even higher due to underperforming diamond...

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