Doubts cast on BTC privatisation

Privatisation of the Botswana Telecommunications Corporation (BTC) has been complicated by the existence of both economic and political objectives in the model currently taking shape, analysts have said.

Under the model, which is driven by PEEPA and a consortium of transaction advisers, government is hiving off 49 percent of BTC to Batswana via an Initial Public Offer and subsequent listing on the Botswana Stock Exchange. A portion of the 49 percent is expected to be reserved for BTC workers.