DTC Botswana appoints new MD

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The hunt for a new MD for Diamond Trading Company Botswana (DTC Botswana) has finally ended with the board appointment of Tabake Kobedi who will start in January next year.

Kobedi, a Motswana with over 15 years experience in the diamond industry, is currently the Group Finance Manager for Debswana where he is responsible for a diverse range of activities in finance, supply chain, risk management and insurance.

The appointment, which was endorsed at a meeting of the board of DTC Botswana last week, follows the retirement of Brian McDonald who leaves office at the end of this year after being with DTC Botswana since 2007.

Editor's Comment
Time to end informal sector fronting

The Francistown Umbrella Informal Sector chairperson, David Mbulawa, has highlighted this growing concern, revealing that many local traders are using their licences to facilitate the entry of foreign goods into the market at a fee.Fronting undermines the very fabric of our local economy. It allows foreign traders to exploit the system designed to benefit Batswana, using local licences to cross borders and sell goods at prices intended for local...

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