Botswana Development Corporation
Botswana Development Corporation or ‘BDC,’ is the country’s main agency for commercial and industrial development. Established in 1970 under the Companies Act, BDC is a company Limited by Shares and owned by the Government of Botswana. The control of the Corporation is vested in an independent Board of Directors led by an Independent Non-Executive Chairman. The Managing Director is responsible for the day to day running of the Corporation.
BDC’s primary mandate is to drive the Industrialisation of the country by providing financial assistance to investors with commercially viable projects. BDC provides both debt and equity financing to commercially viable projects that perform one or more of the following functions:
- Pioneer new industries
- Unlock value in existing industries
- Stimulate private sector growth and foster linkages with the local industry
- Drive diversification and exports
- Create significant employment.
The Corporation Invests in commercially viable projects in all sectors of the economy except large-scale mining. These sectors include:
- Property & Infrastructure
To be an innovative and sustainable development finance institution.
To provide, facilitate and support financing of commercially viable enterprises in order to contribute to the sustainable development and economic growth of the Botswana economy.
Enterprising – Ready to undertake projects of importance, difficulty and in unchartered territories, with energy, imagination or initiative
Collaboration – Foster the spirit of collaboration internally to work with one another to achieve our vision and with other institutions within Botswana and aboard to achieve our mandate
Integrity – Remain steadfast in delivering on BDCs promises in a manner which upholds honesty, fairness and equality
BDC provides loan financing tailor made for individual business requirements. The loans are available at competitive interest rates and are repayable over a period of up to 10 years, although in exceptional circumstances a longer repayment period may be considered.
BDC can take equity stake in businesses that are aimed at unlocking significant value for the Country. The Corporation however prefers to take a minority stake in any business ventures.