A new era dawns for oil

President Ian Khama yesterday launched Botswana Oil Limited, marking the official establishment of the country’s very own state oil company.

Botswana Oil’s broad mandate includes securing the supply of the precious commodity, ensuring greater industry access to citizens and managing the strategic reserves. The weight on Botswana Oil’s shoulders is tremendous and historic in that for the first time a taxpayer-funded entity is carving a regulatory and participatory niche in the traditionally exclusive oil sector.

From independence, the oil sector has been the near-exclusive preserve of multinational oil corporations at marketing and distribution level, with citizen participation limited to ground-level ownership of mostly rural filling stations.

Editor's Comment
Congratulations Anicia Gaothuse!

The contest had 10 beautiful young girls as finalists and unfortunately only one could wear the crown.The judges picked Anicia Gaothuse. To all those who feel their contestant should have won ahead of Anicia for whatever reason, hardly; the judges found Anicia to be the best among the best, so desist from disrespecting our newly crowned queen on social media or anywhere else, for that matter! Each of the 10 beautiful young women had supporters...

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