Connect with us

Hi, what are you looking for?

Business

BDC registers P277 million in profits

BDC registers P277 million in profits
BDC ACTING MD: Lekaukau

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 ...

SIGN UP and Login to read full story. Thank you.

Click to comment




You May Also Like

Business

Ayoba Café Shisanyama BW opens in GC Located at Mogobe Plaza, Central Business District (CBD) in Gaborone, Ayoba Café Shisanyama is tipped to be...

Business

EU pump P64 million into three-year project In an attempt to improve the ease of doing business in Bots, while simultaneously seeking to ease...

Business

While most of his peers at Malaysia Multimedia University were fully focused on their studies, Mmoloki Mabisi balanced the books, expertly working out a...

Business

Local GDP projected to grow by 4.3 percent in 2022 Text breaker: In total, Botswana raked in a whopping P73.4 billion in diamond sales...

Business

United Nations Development Programme (UNDP) has schooled the informal sector on financial literacy and how to better manage their business in a bid to...

News

Debiliscious' delicious extra With hair salons becoming almost as common as cows in the country, Debbie Khan knew she had to offer something a...

News

Full steam ahead for Wilderness Safaris Okavango Wilderness Safaris (OWS) has announced that their business operations are returning back to normal after two disruptive,...

Latest News

Supermarket launches grocery coupon scheme Payless Supermarket has launched a grocery coupon scheme which will allow customers to buy food commodities on credit and...

Advertisement

Copyright © TheVoiceBW. (Since1993) made with ❤️ in Botswana.