BPC, WUC receive P1.6bn to stay afloat

Tuesday, February 06, 2018

The cash-strapped Botswana Power Corporation and Water Utilities Corporation will receive a total of P1.66 billion as operating subsidies for the next financial year, Finance Minister, Kenneth Matambo revealed yesterday.

The BPC will receive P1.1 billion for “operating expenses” and its debt obligations for Morupule B, while WUC will receive P562 million for “operational costs and restructuring” in the 2018/19 budget.

In the current financial year, which ends on March 31, BPC was allocated P1.46 billion for operational costs, while it is not clear whether the WUC received similar support for the same period.

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BPC, WUC receive P1.6bn to stay afloat

The cash-strapped Botswana Power Corporation and Water Utilities Corporation will receive a total of P1.66 billion as operating subsidies for the next financial year, Finance Minister, Kenneth Matambo revealed yesterday.

TAFIC targets top four finish

Selefu

Selefu

Repatriation underway for seven SA Pilgrims

GD6 theft rising as police arrest SA trio

BOCRA issues fines for fake phones

No body viewing: Mass burial for 45 accident victims

Jonny Mokhali, Cultures Spears deliver but......

Stakeholders must step up veggie supply