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Cash-strapped Tonota Council forms investment arm

Friday, August 29, 2025 | 310 Views |

Thinking
commercial: the Tonota District
council during one
of its meetings PIC:
TONOTA DISTRICT COUNCIL

FRANCISTOWN: The cash-strapped Tonota District Council (TDC) has come up with cost-cutting measures and formed an investment company to generate income, as its finances suffer from government's fiscal crunch.

When addressing the ongoing council meeting this week, TDC chair, Neo Sefume, said that with the challenge of scarce resources, there was need for the local authority to formulate a strategy for income-generation by forming its own investment company.

Sefume further explained that setting up an investment company is also a deliverable in the local authority’s roadmap as it aims to unlock value from its assets.

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