BPOPF hands P1.5bn to start-up fund managers
Friday, August 25, 2017
Molefe says only wholly-owned citizen firms will benefit PIC: TSELE TSEBETSAME
Under its incubation programme, mooted last year, the BPOPF has identified three greenfield companies to be financed from its P55 billion kitty with two involved in private equity while the other will trade in the listed equity space.
Addressing the media in Gaborone this week, the Fund’s chief executive officer, Boitumelo Molefe said the three companies will each get P500 million to be invested only in Botswana.
It is a clear signal that the government’s purse is empty and that our own behaviour has left veterinary officials fighting with one hand tied behind their backs. We have been here before. During COVID-19, many of us thought we knew better. We ignored simple rules, we carried on as if the danger was someone else’s problem, and the virus took lives and left our economy on its knees. We are still broke from that experience. Yet now, with FMD...