{"id":47330,"date":"2024-04-22T06:50:15","date_gmt":"2024-04-22T06:50:15","guid":{"rendered":"https:\/\/www.africa-press.net\/botswana\/?p=47330"},"modified":"2024-04-22T06:20:59","modified_gmt":"2024-04-22T06:20:59","slug":"steering-bdc-through-economic-transformation","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/botswana\/all-news\/steering-bdc-through-economic-transformation","title":{"rendered":"Steering BDC Through Economic Transformation"},"content":{"rendered":"

Africa-Press – Botswana. <\/strong><\/span>Cross Kgosidiile stepped into the role of Managing Director at Botswana Development Corporation (BDC) in April 2020, amidst the challenges posed by the global Covid-19 pandemic.<\/b><\/p>\n

While maintaining a lifelong passion for farming, Kgosidiile\u2019s affinity for numbers led him to pursue a career in accounting, earning a Bachelor of Commerce (Accounting) degree from the University of Botswana, followed by a Master\u2019s in Business Administration.<\/p>\n

With over two decades of leadership experience across various sectors, Kgosidiile brings a wealth of expertise to his role at BDC.<\/p>\n

Q: Who is Cross Kgosidiile outside the corporate walls of BDC?<\/b><\/p>\n

I hail from the renowned village of Bobonong and hold membership with the Chartered Institute of Management Accountants (CIMA) and the Botswana Institute of Chartered Accountants (BICA).<\/p>\n

Q: What were your childhood aspirations?<\/b><\/p>\n

My childhood dreams oscillated between a keen interest in farming and a fascination with numbers, ultimately guiding my career path towards accounting.<\/p>\n

Despite my corporate journey, farming remains a cherished passion, offering a fulfilling balance between professional life and personal interests.<\/p>\n

Q: Can you outline your career trajectory before joining BDC?<\/b><\/p>\n

My career journey commenced as a Graduate Accounts Trainee at Cash Bazaar Group in 1992, followed by pivotal roles at Air Botswana and the Motor Vehicle Accident (MVA) Fund.<\/p>\n

Notably, my tenure at Air Botswana saw me progress from Financial Accountant to Finance Manager, contributing to the airline\u2019s sustained profitability.<\/p>\n

As CEO of the MVA Fund, I spearheaded award-winning initiatives in corporate reporting and staff engagement, fostering substantial growth.<\/p>\n

Q: Describe your tenure at BDC.<\/b><\/p>\n

Joining BDC amidst the formulation of a new corporate strategy presented an exciting opportunity to contribute to Botswana\u2019s economic transformation.<\/p>\n

Our focus areas included delivering a transformative strategic plan, diversifying the portfolio, and positioning BDC as an investment partner of choice.<\/p>\n

Q: What does BDC\u2019s vision entail?<\/b><\/p>\n

BDC aspires to be Botswana\u2019s preferred investment partner, driving sustainable growth through strategic investments.<\/p>\n

Our vision emphasizes reliability, expertise, and ethical practices in investment decision-making, supporting economic diversification, innovation, job creation, and sustainable development.<\/p>\n

Q: Reflecting on BDC\u2019s achievements since its inception in 1970?<\/b><\/p>\n

Over 54 years, BDC has evolved into the government\u2019s premier investment arm, fostering success across various sectors, including manufacturing, healthcare, and hospitality.<\/p>\n

Notable achievements include substantial group assets, job creation, and pioneering investments that propel Botswana\u2019s economic growth.<\/p>\n

Q: Describe a typical day as MD.<\/b><\/p>\n

Balancing strategic leadership with operational oversight, my days involve aligning priorities with the executive team, engaging with internal stakeholders, and reflecting on our progress to advance BDC\u2019s mission.<\/p>\n

Q: Whom do you report to as MD?<\/b><\/p>\n

As MD, I report directly to the BDC Board of Directors, ensuring alignment with the government\u2019s strategic objectives and maximizing long-term value.<\/p>\n

Q: How did Covid-19 impact BDC, and what measures were taken?<\/b><\/p>\n

The pandemic posed challenges, impacting our investee companies.<\/p>\n

However, BDC remained resilient, executing its mandate while supporting affected businesses through equity injections, loans, and loan restructuring initiatives.<\/p>\n

Q: What initiatives are in place to drive diversification and exports?<\/b><\/p>\n

BDC prioritizes investments in sectors with high export potential, fostering economic diversification through strategic initiatives and empowering local entrepreneurs.<\/p>\n

Our focus areas include manufacturing, agriculture, and healthcare.<\/p>\n

Q: What challenges hinder BDC\u2019s mandate?<\/b><\/p>\n

Operating in today\u2019s economy presents challenges such as constrained growth and liquidity issues, which may impede industrialization efforts and investment attraction.<\/p>\n

Q: Any milestones in job creation, particularly during the pandemic?<\/b><\/p>\n

BDC preserved over 6,800 jobs within its portfolio and anticipates creating 2,585 additional jobs with upcoming projects, contributing to economic stability.<\/p>\n

Q: Where do you envision BDC\u2019s improvement?<\/b><\/p>\n

BDC aims to strengthen innovation support, explore new funding solutions, and foster emerging industries to drive economic diversification and inclusive growth.<\/p>\n

Q: How do you manage the pressures of your role?<\/b><\/p>\n

Maintaining perspective and resilience is key.<\/p>\n

I approach challenges with a positive mindset, finding balance through introspection and strategic planning.<\/p>\n

Q: What do you do to unwind outside of work?<\/b><\/p>\n

I find solace in farming and nature, allowing me to disconnect and recharge.<\/p>\n

PERSONAL PROFILE<\/b>
\nFull names: Cross Kgosidiile
\nDate of Birth: 27 July 1969
\nMarital Status: Married
\nFavorite meal: Pap, Beef and Gravy
\nFavorite drink: Five Roses tea
\nHobby: Farming
\nWhat makes you happy?<\/p>\n

I derive satisfaction in my work and also in my free time at the farm.<\/p>\n

What makes you angry?<\/b><\/p>\n

Complacency, as it can stagnate progress<\/p>\n

Source: TheVoiceBW<\/b><\/p>\n

For More News And Analysis About Botswana<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Botswana. Cross Kgosidiile stepped into the role of Managing Director at Botswana Development Corporation (BDC) in April 2020, amidst the challenges posed by the global Covid-19 pandemic. While maintaining a lifelong passion for farming, Kgosidiile\u2019s affinity for numbers led him to pursue a career in accounting, earning a Bachelor of Commerce (Accounting) degree […]<\/p>\n","protected":false},"author":84,"featured_media":47329,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,6],"tags":[233,237,234],"class_list":["post-47330","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-files","tag-africa-press","tag-africa-press-botswana","tag-botswana"],"yoast_head":"\nSteering BDC Through Economic Transformation - Botswana<\/title>\n<meta name=\"description\" content=\"Cross Kgosidiile stepped into the role of Managing Director at Botswana Development Corporation (BDC) in April 2020, ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/botswana\/all-news\/steering-bdc-through-economic-transformation\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Steering BDC Through Economic Transformation\" \/>\n<meta property=\"og:description\" content=\"Cross Kgosidiile stepped into the role of Managing Director at Botswana Development Corporation (BDC) in April 2020, ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/botswana\/all-news\/steering-bdc-through-economic-transformation\" \/>\n<meta property=\"og:site_name\" content=\"Botswana\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2024-04-22T06:50:15+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/botswana\/sites\/38\/2024\/04\/sm_1713754011.115773.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"675\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/steering-bdc-through-economic-transformation#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/steering-bdc-through-economic-transformation\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/botswana\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Steering BDC Through Economic Transformation\",\"datePublished\":\"2024-04-22T06:50:15+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/steering-bdc-through-economic-transformation\"},\"wordCount\":746,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/steering-bdc-through-economic-transformation#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/botswana\/sites\/38\/2024\/04\/sm_1713754011.115773.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Botswana\",\"Botswana\"],\"articleSection\":[\"all news\",\"files\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/botswana\/all-news\/steering-bdc-through-economic-transformation#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/steering-bdc-through-economic-transformation\",\"url\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/steering-bdc-through-economic-transformation\",\"name\":\"Steering BDC Through Economic Transformation - Botswana\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/botswana\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/steering-bdc-through-economic-transformation#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/steering-bdc-through-economic-transformation#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/botswana\/sites\/38\/2024\/04\/sm_1713754011.115773.jpg\",\"datePublished\":\"2024-04-22T06:50:15+00:00\",\"author\":{\"@id\":\"https:\/\/www.africa-press.net\/botswana\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"description\":\"Cross Kgosidiile stepped into the role of Managing Director at Botswana Development Corporation (BDC) in April 2020, ...\",\"breadcrumb\":{\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/steering-bdc-through-economic-transformation#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.africa-press.net\/botswana\/all-news\/steering-bdc-through-economic-transformation\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/steering-bdc-through-economic-transformation#primaryimage\",\"url\":\"https:\/\/static.africa-press.net\/botswana\/sites\/38\/2024\/04\/sm_1713754011.115773.jpg\",\"contentUrl\":\"https:\/\/static.africa-press.net\/botswana\/sites\/38\/2024\/04\/sm_1713754011.115773.jpg\",\"width\":1200,\"height\":675,\"caption\":\"Steering BDC Through Economic Transformation\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/steering-bdc-through-economic-transformation#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.africa-press.net\/botswana\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Steering BDC Through Economic Transformation\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.africa-press.net\/botswana\/#website\",\"url\":\"https:\/\/www.africa-press.net\/botswana\/\",\"name\":\"Botswana\",\"description\":\"Just another Africa News Agency Sites site\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.africa-press.net\/botswana\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.africa-press.net\/botswana\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\",\"name\":\"cfeditoren\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/botswana\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g\",\"caption\":\"cfeditoren\"}}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Steering BDC Through Economic Transformation - Botswana","description":"Cross Kgosidiile stepped into the role of Managing Director at Botswana Development Corporation (BDC) in April 2020, ...","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.africa-press.net\/botswana\/all-news\/steering-bdc-through-economic-transformation","og_locale":"en_US","og_type":"article","og_title":"Steering BDC Through Economic Transformation","og_description":"Cross Kgosidiile stepped into the role of Managing Director at Botswana Development Corporation (BDC) in April 2020, ...","og_url":"https:\/\/www.africa-press.net\/botswana\/all-news\/steering-bdc-through-economic-transformation","og_site_name":"Botswana","article_publisher":"https:\/\/www.facebook.com\/AfricaPressTunisiaa","article_published_time":"2024-04-22T06:50:15+00:00","og_image":[{"width":1200,"height":675,"url":"https:\/\/static.africa-press.net\/botswana\/sites\/38\/2024\/04\/sm_1713754011.115773.jpg","type":"image\/jpeg"}],"author":"cfeditoren","twitter_card":"summary_large_image","twitter_misc":{"Written by":"cfeditoren","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.africa-press.net\/botswana\/all-news\/steering-bdc-through-economic-transformation#article","isPartOf":{"@id":"https:\/\/www.africa-press.net\/botswana\/all-news\/steering-bdc-through-economic-transformation"},"author":{"name":"cfeditoren","@id":"https:\/\/www.africa-press.net\/botswana\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"headline":"Steering BDC Through Economic Transformation","datePublished":"2024-04-22T06:50:15+00:00","mainEntityOfPage":{"@id":"https:\/\/www.africa-press.net\/botswana\/all-news\/steering-bdc-through-economic-transformation"},"wordCount":746,"commentCount":0,"image":{"@id":"https:\/\/www.africa-press.net\/botswana\/all-news\/steering-bdc-through-economic-transformation#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/botswana\/sites\/38\/2024\/04\/sm_1713754011.115773.jpg","keywords":["Africa Press","Africa Press-Botswana","Botswana"],"articleSection":["all news","files"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.africa-press.net\/botswana\/all-news\/steering-bdc-through-economic-transformation#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.africa-press.net\/botswana\/all-news\/steering-bdc-through-economic-transformation","url":"https:\/\/www.africa-press.net\/botswana\/all-news\/steering-bdc-through-economic-transformation","name":"Steering BDC Through Economic Transformation - Botswana","isPartOf":{"@id":"https:\/\/www.africa-press.net\/botswana\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.africa-press.net\/botswana\/all-news\/steering-bdc-through-economic-transformation#primaryimage"},"image":{"@id":"https:\/\/www.africa-press.net\/botswana\/all-news\/steering-bdc-through-economic-transformation#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/botswana\/sites\/38\/2024\/04\/sm_1713754011.115773.jpg","datePublished":"2024-04-22T06:50:15+00:00","author":{"@id":"https:\/\/www.africa-press.net\/botswana\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"description":"Cross Kgosidiile stepped into the role of Managing Director at Botswana Development Corporation (BDC) in April 2020, ...","breadcrumb":{"@id":"https:\/\/www.africa-press.net\/botswana\/all-news\/steering-bdc-through-economic-transformation#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.africa-press.net\/botswana\/all-news\/steering-bdc-through-economic-transformation"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/botswana\/all-news\/steering-bdc-through-economic-transformation#primaryimage","url":"https:\/\/static.africa-press.net\/botswana\/sites\/38\/2024\/04\/sm_1713754011.115773.jpg","contentUrl":"https:\/\/static.africa-press.net\/botswana\/sites\/38\/2024\/04\/sm_1713754011.115773.jpg","width":1200,"height":675,"caption":"Steering BDC Through Economic Transformation"},{"@type":"BreadcrumbList","@id":"https:\/\/www.africa-press.net\/botswana\/all-news\/steering-bdc-through-economic-transformation#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.africa-press.net\/botswana\/"},{"@type":"ListItem","position":2,"name":"Steering BDC Through Economic Transformation"}]},{"@type":"WebSite","@id":"https:\/\/www.africa-press.net\/botswana\/#website","url":"https:\/\/www.africa-press.net\/botswana\/","name":"Botswana","description":"Just another Africa News Agency Sites site","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.africa-press.net\/botswana\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.africa-press.net\/botswana\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb","name":"cfeditoren","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/botswana\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g","caption":"cfeditoren"}}]}},"_links":{"self":[{"href":"https:\/\/www.africa-press.net\/botswana\/wp-json\/wp\/v2\/posts\/47330","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.africa-press.net\/botswana\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.africa-press.net\/botswana\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/botswana\/wp-json\/wp\/v2\/users\/84"}],"replies":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/botswana\/wp-json\/wp\/v2\/comments?post=47330"}],"version-history":[{"count":0,"href":"https:\/\/www.africa-press.net\/botswana\/wp-json\/wp\/v2\/posts\/47330\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/botswana\/wp-json\/wp\/v2\/media\/47329"}],"wp:attachment":[{"href":"https:\/\/www.africa-press.net\/botswana\/wp-json\/wp\/v2\/media?parent=47330"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.africa-press.net\/botswana\/wp-json\/wp\/v2\/categories?post=47330"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.africa-press.net\/botswana\/wp-json\/wp\/v2\/tags?post=47330"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}