Development Finance Institution involved in capital markets strengthening, cattle imports, infrastructure projects, and facing financial challenges including asset underperformance and governance scrutiny.
… He cited the Botswana Development Corporation led Milk Valley Farm project which continued to make significant progress through its expansion programme aimed at strengthening Botswana’s domestic milk production and supporting agricultural value chain development. …
In a defining moment for the future of Botswana, the United Arab Emirates-based Albaddad Group has partnered with the Botswana Development Corporation (BDC), to develop New Botswana City, a project expected to drive investment, innovation and large scale job creation. …
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 th …
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 th …
… The robust expansion plan at Botswana’s dairy flagship project wholly owned by Botswana Development Corporation was in progress but temporarily disrupted by the outbreak of FMD in Zone 11. …
Entities move to reduce Botswana’s dependence on diamonds as mining revenues face growing pressure GAZETTE REPORTER Debswana Diamond Company and Botswana Development Corporation have signed a Memorandum of Understanding aimed at accelerating economic diversification and reducing …
The Botswana Development Corporation and Botswana Stock Exchange have signed a Memorandum of Understanding to strengthen capital markets, improve investment readiness among enterprises, and create pathways for long-term capital mobilisation into productive sectors. The partnership will focus on preparing BDC investee companies for capital-market participation, SME capacity building, investor education, and development of innovative financial instruments.
The Botswana Development Corporation and Botswana Stock Exchange have signed a Memorandum of Understanding to strengthen capital markets, improve investment readiness among enterprises, and create pathways for long-term capital mobilisation into productive sectors. The partnership will focus on preparing BDC investee companies for capital-market participation, SME capacity building, investor education, and development of innovative financial instruments.
A Financial Intelligence Agency report on money laundering and financing risks within development institutions found that corruption accounted for P174.68 million, or roughly 87 percent, of identified criminal proceeds from offenses reported since 2021 at CEDA and BDC.
Development Finance Institutions have been urged to strengthen their anti-money laundering, counter-terrorist financing and counter-proliferation financing controls as Botswana prepares for a critical mutual evaluation of its financial crime controls. A Sectoral Risk Assessment Report for DFIs launched by the Financial Intelligence Agency emphasized that risk management must involve boards, executives, credit teams, and frontline staff, not just compliance officers.
Following disclosure of the Botswana Development Corporation CEO's remuneration package to the Public Accounts Committee, social media and broader media coverage has sparked public outrage over executive pay levels, with other CEOs' packages also drawing scrutiny at a time when the economy remains under significant pressure.
Botswana Development Corporation is disposing of its 30 percent stake in Mashatu Nature Reserve, a luxury safari operator, according to a merger notice from the Competition and Consumer Authority.
The Permanent Secretary in the Ministry of Trade and Entrepreneurship has promised Parliament's Public Accounts Committee a probe into reports that the BDC Managing Director earns P400,000 monthly, and into concerns over his competence.
Botswana Development Corporation has begun importing 1,000 high-yield dairy cattle from Brazil to increase local milk production and reduce the country's dependence on dairy imports.
Botswana Development Corporation has launched a phased plan to import 1,000 high-yield dairy cattle from Brazil, beginning with 200 pregnant Girolando cows for Milk Valley Farm, aiming to boost local milk production and reduce dependence on imported dairy products.
Botswana has received its first batch of Girolando dairy cattle from Brazil at Milk Valley Farm in Lobatse as part of a government dairy project expansion. The farm is working with veterinary experts and a nutritionist to ensure the cattle acclimatise properly, with additional batches expected and construction ongoing to be completed early next year.
Government has backed a loan and grant agreement with the Arab Bank for Economic Development in Africa worth €110 million (P1.713 billion) to the Botswana Development Corporation to support industrial growth and employment, plus a €500,000 grant to Botswana University of Agriculture and Natural Resources for agricultural research.
Lobatse MP Kamal Jacobs says government priority projects for economic resuscitation and employment creation are progressing on schedule, citing the Milk Valley Farm expansion programme (expecting 200 cows from Brazil by June 2026), BMC and tannery upgrades, and meat value-addition facilities as examples advancing domestic production and reducing import reliance.
The Albaddad Group and the Botswana Development Corporation are developing New Botswana City, a US$1.9 billion, 126-hectare project expected to generate 25,000 to 37,500 direct and indirect jobs and strengthen Botswana's economic diversification.
The Botswana Development Corporation reported a P167 million loss for the fiscal year ending June 2025, with 47 percent of its loan book classified as non-performing. The corporation faces a structural cash shortfall of approximately P400 million annually, as debt servicing obligations of P450 million far exceed its annual cash flow of P55 million, prompting a 12-month turnaround strategy.
The Botswana Development Corporation revealed that its asset book of about P6 billion generates approximately P50 million in predictable cash, a conversion rate of under one percent, indicating the Corporation's assets are underperforming.
The Botswana Development Corporation revealed that its P6 billion asset book generates about P50 million in predictable cash annually, a conversion rate of less than one percent, indicating the corporation's assets are underperforming relative to investment and risk.
An outbreak of Foot and Mouth Disease in Zone 11 has temporarily halted the arrival of 1,000 heifers from Brazil for Milk Valley Farm's Phase I expansion in Lobatse; cattle movement restrictions were imposed to mitigate FMD risk, though the heifers had already been purchased and quarantined in Brazil.
Debswana Diamond Company and Botswana Development Corporation have signed a Memorandum of Understanding to accelerate economic diversification and reduce Botswana's dependence on diamond revenues, with focus on building a pipeline of future investments.