Government investment arm, Botswana Development Corporation (BDC) has announced a 40 percent increase in profits.
Presenting the financial performance to stakeholders recently, the Corporation’s Acting Managing Director, MoatlhodiLakaukau revealed the bulk of the P277 millionprofit came from interest income.
He explainedthis reflectsa positive shift in asset structure, from equity-based assets to more debt-based assets.
In yet another milestone, BDC saw its net worth grow by P700 million to reach P2.1 billion for the first time in 49 years.
Both the Corporation’s total assets and ...
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