PAC revelations suggest BDC Board dissolution was to pave way for direct MD’s appointment

Scrutiny on BDC Leadership: PAC Questions MD Appointment Process

The appointment of Oteng Keabetswe as Managing Director of the Botswana Development Corporation (BDC) has drawn attention from the Public Accounts Committee (PAC). The committee is examining the circumstances surrounding his selection for the top leadership role.

Board Dissolution Under Review

Reports indicate the PAC is specifically investigating the dissolution of the previous BDC board. This action occurred shortly before Keabetswe’s direct appointment, raising questions about the timing and motivations behind the changes.

PAC Delves into Process

During recent proceedings, PAC members reportedly scrutinized the process that led to the managing director’s position. Their inquiry aims to understand if standard procedures were followed and if the board’s dissolution influenced the subsequent appointment.

The BDC, a state-owned development finance institution, plays a crucial role in Botswana’s economic landscape. Therefore, the transparency and integrity of its leadership appointments are of public interest.