Monday, November 28, 2022

Bashi Gaetsaloe could replace Nthebolan as BDC Managing Director

It appears that the hunt for Maria Nthebolan’s successor at the embattled Botswana Development Corporation (BDC) has been finalised as a local candidate has been identified for the plum position at the government investment arm.

A source close to the recruitment told Sunday Standard this week that the front runner for the position of BDC substantive Managing Director (MD) is the Country Managing Director of Accenture Botswana, Bashi Gaetsaloe.

Gaetsaloe is an economics graduate of Yale University and is expected to report for duty in April.

“BDC could not match what the Debswana Diamond Company Group Manager Strategy and Business Improvement Boyce Sebetlela wanted on the table when he was offered the job and he therefore declined the offer,” the source said.

It was after Sebetlela’s rejection that a search was re-launched and ended recently following the identification of Gaetsaloe as an appropriate candidate.

Speculations is rife that the youthful corporate leader is expected to take over from the current acting MD Montle Phuthego with the role to manage, develop, organise and control the activities of the Corporation in order to achieve the objectives and policies aimed at promoting the economic development of Botswana.

Gaetsaloe is said to have been instrumental at Accenture which has a growing presence in Botswana and the whole of Southern Africa and has even headed people with a broad, clear vision of how business can contribute on the African continent and beyond and energising growth and innovation.

He is also said to have been key at Accenture’s work of supporting the private sector and governments. Gaetsaloe’s experience is also seen in the involvement with financial services companies, independent electoral committees and revenue services in many African countries increases transparency, fiscal discipline and development at Accenture.

BDC acting Corporate Communications and Public Relations Manager, Boitshwarelo Lebang, said this week that four local candidates have gone through the last round of interviews.

“We are at an advanced stage and looking to have a substantive MD by April this year and currently there are two executive positions that are vacant, with acting candidates carrying out their roles in the interim,” said Lebang.

She also pointed out that the process of recruitment of the MD is being facilitated by the BDC Board of Directors through a Human Resources Consultancy Firm, HRMC.

He revealed that the Corporation is currently going through a rationalisation and remodeling exercise aimed at improving the business processes and performance of the Corporation.

“This is part of a transformation process necessitated by the evolving business climate. We are looking forward to a more robust and better performing Corporation following this exercise,” she said.

Currently, BDC has a new mandate of cross border financing which allows the Corporation to invest in viable projects outside the country.

The move is said to aim at facilitating the Corporation’s investment in new viable mega projects aimed at contributing immensely to the economic diversification drive, reducing the national import substitution bill, citizen empowerment and generating employment for Batswana.

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