Botswana Development Corporation (BDC) has appointed Oteng Keabetswe as its Caretaker Managing Director, effective 1 August 2025. He replaces Cross Kgosidiile, who exited in March and was replaced by CFO Benedicta Abosi in the interim.
Keabetswe, a seasoned investment professional with over 14 years of experience in capital markets, corporate finance, and investment structuring, returns to BDC after serving in a senior role at a London Stock Exchange-listed pan-African real estate investment group. He previously held executive roles within BDC, including Acting Chief Investment Officer.
In a statement, BDC said Keabetswe’s appointment comes at a pivotal time as the Corporation looks to deepen its impact under the Botswana Economic Transformation Programme (BETP). His return signals a renewed focus on investments in infrastructure, healthcare, renewable energy, and manufacturing, sectors seen as key to Botswana’s long-term growth.
"Oteng’s deep understanding of structured finance, global capital markets, and pan-African investment networks uniquely positions him to steer BDC towards inclusive growth and industrialisation," the Corporation said.
As Managing Director, Keabetswe is expected to focus on expanding BDC’s investment footprint, strengthening governance, mobilising local and international capital, and building partnerships that deliver shared value for both investors and communities.
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.