BDC MD hosts Editors Forum
BDC’s Managing Director, Mr. Bashi Gaetsaloe hosted the Editors Forum on Tuesday 15 April. The event was a stakeholder engagement initiative to formally introduce the MD to the media fraternity and provide a platform for editors to ask questions and receive feedback on major developments at the Corporation. The initiative was also a meet and great opportunity between the media and the Managing Director.
The meeting was by more than 20 editors and reporters from leading media houses in Botswana. The objective for the meeting was for the MD to give an update on the recent developments in the Corporation including the re-modelling process and to give a brief overview of BDC projects performance and state to date.
During the meeting Mr Bashi Gaetsaloe touched on the tools and mechanisms that drive the Corporation in this competitive industry. This was an answer to a question asked by GabzFm business reporter Tlotlo Lemmenyane, who asked of the tactics, tools that are put in place by BDC to beat competition. In his response Mr Gaetsaloe mentioned that the intent is to take a shorter period of time in responding to proposals from investors, to look at the risks worth taking, further on assess the market and maximize where there is a short of investment.
When touching on the latest developments at the Corporation, the MD mentioned that BDC is in the process of re-modelling. He pointed out to the media that this movement is part of a three year strategy that will turn BDC into a profitable entity. When detailing the “re-modelling” process, he explained that it will be done in three phrases; the first stage will be to ensure the Corporation has the right manpower for the right job descriptions. Secondly, to fulfil its mandate the Corporation will look at the key strategic plan which will put the Corporation in a better competitive position with other financial entities in Botswana. Lastly, phase three will see BDC expanding outside Botswana Borders, seeking investment opportunities regionally and internationally. Gaetsaloe said his approach is to deal with the “re-organisation” as swiftly as possible. When quizzed about possible retrenchments, he made it clear that the focus is not to retrench, but rather transform the organisation and getting the right business model.
Gaetsaloe also mentioned that after the new BDC is formed and practical, it will start paying attention to sectors like Agriculture, Energy and Creative Industry, which are currently overlooked.