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BMC gets P300m injection

Strategic asset: BMC has been facing financial problems 
PIC: MORERI SEJAKGOMO
Strategic asset: BMC has been facing financial problems PIC: MORERI SEJAKGOMO

Government has approved financial guarantee for the Botswana Meat Commission (BMC) amounting to P300 million through the First National Bank of Botswana (FNBB).

The money will be used to finance the commission's growth strategy, the Meriting Strategy.

This comes after BMC approached the government in July with a request for financial assistance to undertake reforms through its Meriting Strategy.

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...

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