Botswana - Botswana Development Corporation Limited (BDC)


Project Summary

Approval Date 24 Apr 2019
Signature Date 21 Feb 2020
Sovereign / Non-Sovereign Non Sovereign
Sector Finance
DAC Sector Code 24030
Commitment U.A 57,998,332.55
Status Implementation

Project General Description

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.

Project Objectives

The objective of this project is to enable BDC to stimulate and grow industrial (i.e. manufacturing, transport, logistics etc.) and service sectors (i.e. health care) to enhance local companies’ competitiveness and productivity in order to produce more goods and services in the country to generate more jobs. The LOC will also contribute to the realization of the Government of Botswana's development objective of diversification of the economy.

Beneficiaries

The loan will contribute positively to growing the manufacturing sectors as well as reduce funding constraints on local enterprises. The facility will also be used to promote private sector development and to foster broad-based economic growth through job creation, increased productivity and to enhance household incomes. It will complement the government of Botswana’s efforts to diversify, expand and transform the economy and support value chain projects that enhance regional economic activities.

Participating Organization

Funding
African Development Bank

Information

IATI identifier 46002-P-BW-HAA-004
Last Update 07 Aug 2020

Export

Contact Details

Email private-sector@afdb.org

Geographic Location

Country Botswana