OUR MANDATE

Botswana Housing Corporation is a parastatal under the Ministry of Transport and Public Works. The Corporation was established by an Act of Parliament (CAP 74.03) of 1971. In brief, the Corporation’s mandate as outlined under section 14 of the BHC Act is as follows:- a) To provide for the housing, o ce and other building needs of the Government and local authorities; b) To provide for and to assist and to make arrangements for other persons to meet the requirements of paragraph (a). c) To undertake and carry-out and to make arrangements for other persons to undertake and carry-out building schemes in Botswana.

On 1st April 2012, the Corporation’s mandate was expanded in accordance with Presidential Directive Cab 20 (B)/2010. The directive pronounced that all Government housing implementation programmes be transferred to BHC to operate as Government’s Single Housing Authority (SiHA). In compliance with the directive, BHC is as from 1st April 2012 responsible for the construction of SHHA turnkey projects, Public O cers Housing Initiative and Youth Housing.

Creating New Opportunities For Regional Expansion

BECI is an export credit agency set up in 1996 as a 100% subsidiary of Botswana Development Corporation Limited (BDC). BECI offers the below risk solutions tailored to support business growth:

• Bonds and Guarantees

• Domestic Trade Credit Insurance

• Export Trade Credit Insurance

• Medium and Long Term Export Credit Insurance

• Outward Investment Insurance

MEDIUM AND LONG TERM EXPORT CREDIT INSURANCE (MLT)

MLT protects businesses and Financiers from non-payment by foreign buyers for credit terms spanning up to 15 years. MLT protects your business from the risk of non-payment by a foreign buyer due to political and/or commercial reasons. This cover therefore facilitates bank finance for export credit loans and can allow for negotiation of better rates with the project financier.

Who Qualifies?

Botswana Businesses taking part in projects of a capital nature in a foreign country, requiring some form of financing; with payment terms spanning between 3 and 15 years.

What Is Covered?

MLT proctects businesses from losses owing to political and commercial risks.

Political risks covered include confiscation, currency convertibility expropriation, creeping expropriation, nationalization, Transfer of earnings to Botswana war and civil war.

Commercial risks covered protracted default and insolvency.

Outward Investment Insurance

OII is an economic development instrument used to level the playing field between doing business in Botswana and doing business in a foreign country. OII protects an investor against risks which are outside his/her control in the host country where investment is made.

Who Qualifies?

Botswana Businesses investing in foreign countries.

What Is Covered?

Investment insurance cover protects against events, actions or occurrences which are generally known as political risks which result in an investor suffering financial loss.

Political risks covered include expropriation, creeping expropriation, nationalization, war and civil war. +267 3188015 mlt@beci.co.bw or beci@beci.co.bw www.beci.co.bw

PUBLISHED BY Strides Communications (Pty) Ltd

EDITOR Ephraim Banda