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
Don't let FMD outbreak drag on

Acting Agriculture Minister, Edwin Dikoloti, is right in saying opening an export-ready facility whilst Foot and Mouth Disease (FMD) is still spreading would risk getting the whole country blacklisted before a single carcass leaves the door.A ban like that would break the already stressed nation. So, the postponement, painful as it is, is the right thing to do. The local economy is being squeezed from both ends. FMD has already slammed the door...

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