Govt abandons Walvis Bay project

Presenting the committee of supply on Monday, the Minister of Trade and Industry, Dorcas Makgato-Malesu said the exercise which was undertaken revealed that the project is risky therefore the government has decided to pull out.

Last year the ministry requested about P272 million for the acquisition of 100 percent shareholding in the ETALE property with efforts to develop Botswana Investment and Trade Centre (BITC). The acquisition of the property was meant to ease the economic encumbrance associated with Botswana’s landlocked status. This will give the country direct access to the maritime trade routes in the Atlantic sea.