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Title:
Botswana - Botswana Development Corporation Limited (BDC)
Detail:
The proposed project proses a thematic Line of Credit (LOC) of up to USD 80 million to Botswana Development Corporation (BDC) to support targeted sectors such as manufacturing, logistics and services to promote “Industrialize Africa” agenda of the Bank and support economic diversification in Botswana. BDC is a development finance institution founded in 1970 by the Government of Botswana as the sole shareholder. Its mandate is to promote the development of industrial, commercial, and agricultural enterprises in the country. The company is a key player in the development of industrial parks and warehousing facilities to support industries and logistics enterprises. This is a strategic intervention which is also emphasized in BDC’ business strategy to improve access to affordable and long-term finance for local enterprises to promote inclusive growth and job creation in Botswana.
Country:
Botswana
Source:
African Development Bank Group
Published Date:
23.04.2019
URL:
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Regions:
Africa Southern Africa Sub-Saharan Africa
Sectors:
Construction
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