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Botswana Development Corporation (BDC) has announced a leadership transition in its finance division, with Chief Financial Officer Benedicta Abosi stepping down after a lengthy tenure and Maranyane Makhondo appointed as Acting CFO with immediate effect.
The state-owned investment arm said the move is part of executive leadership changes aimed at reinforcing institutional continuity and supporting its mandate to drive economic diversification and growth in Botswana.
Abosi exits the role following what BDC described as a distinguished period with the corporation. A finance executive with more than 17 years of experience across corporate finance, auditing, governance and strategic leadership, she played a key role in strengthening the institution’s financial management framework and balance sheet.
During her tenure, Abosi helped reinforce financial reporting structures, internal controls and governance practices within the organisation.
“The Board and Management of BDC extend their sincere appreciation to Ms Abosi for her dedication, professionalism and impactful contributions to the Corporation,” the organisation said in a statement. “We wish her continued success in her future endeavours.”
Taking over in an acting capacity is Makhondo, who previously served as Head of Group Accounting at the development finance institution. In that role, she led the financial accounting and tax functions and oversaw the corporation’s core financial reporting, compliance and control environment.
BDC said Makhondo has previously acted in the CFO position during critical periods, demonstrating leadership when the organisation required financial oversight and strategic direction.
She holds a master’s degree in Finance and Investments from the London School of Business and Finance and is a member of the Association of Chartered Certified Accountants (ACCA). She also holds the Fellow Certified Public Accountant (FCPA) designation.
In her new role, Makhondo will be responsible for overseeing BDC’s financial stewardship, including financial strategy implementation, risk management, reporting oversight and ensuring the organisation maintains financial sustainability as it pursues its investment mandate.
The leadership change comes as BDC continues to position itself as a key driver of private sector development and industrial diversification in Botswana, backing projects across sectors such as manufacturing, tourism, property and emerging industries.
The corporation did not indicate the reason for Abosi’s departure or whether the acting appointment will lead to a permanent role.