BHC pays back P286m to investors

BHC Houses
BHC Houses

The Botswana Housing Corporation (BHC) will pay back about P286 million it borrowed from the bond market in 2010.

On December 10, 2017, BHC says it will redeem an unsecured note BHC017, which is listed on the Botswana Stock Exchange (BSE).

The bond is part of a P2 billion note by the BHC, which the parastatal taps into to raise funding for its operations.

Editor's Comment
The corrupt must be punished

The findings reveal a disturbing pattern of misconduct and lack of transparency that cannot be ignored.The Tribunal, led by Judge President Justice Kabelo Lebotse, has rightly condemned the Ministry for its eyebrow raising conduct in awarding a P1.8 billion water tender to China Civil Engineering Construction Corporation (Pty) Ltd and Zhong Gan Engineering & Construction Corporation (Pty) Ltd.The award was made despite alleged clear evidence that...

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