BB calls for Fund to diversify mining towns

SELEBI-PHIKWE: Business Botswana has made a call for government to create a Fund that will finance diversification of economies of mining towns.

Vice president, Palalani Moitlhobogi said at a Pitso held recently that the seed funding should be made up of mine closure plan funds and that pension funds should be incentivised to invest.

He explained that the specialised Fund that would focus on the economic stabilisation and diversification of mining towns is premised on the fact that mining is a finite activity and therefore at some stage operations would stop.

Editor's Comment
Get back what was stolen, and lock the door

That a single private law firm pocketed P6.5 million for just four cases, out of a total P11.1 million paid for 25 matters, reeks of a system that was not merely disorganised but open to abuse.Bayford has taken a welcome first step by telling the Public Accounts Committee the truth. Now he must act decisively to ensure it never happens again and that any money lost to wrongdoing is recovered.The figures are staggering. Whilst ordinary Batswana...

Have a Story? Send Us a tip
arrow up