BB calls for Fund to diversify mining towns

Thursday, May 18, 2017

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.

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