Botswana Development Corporation has announced the exit of Managing Director Cross Kgosidiile effective from 31 March 2025.
He will be replaced by Chief Financial Officer Benedicta Abosi in the interim. Kgosidiile joined BDC in April 2020.
In its latest financial results, BDC reported a P24.1 million loss before tax for the six months ending December 31, 2024, a sharp decline from the P44.1 million profit it posted in the same period last year.
The slump comes as total income at the group level fell by 14% to P233.3 million, dragged down by weaker trade income and a drop in rental earnings.
Image source: The Voice