Fairgrounds targeted as Botswana's Wall Street
Monday, March 20, 2023 | 2470 Views |
Lonely Mogara
Special Economic Zones (SEZA) CEO, Lonely Mogara said Fairgrounds is targeted at FinTech investors interested in Business Processing Outsourcing (BPO), Investment Fund Management, International Banking and International Insurance amongst others. “The good thing about Fairgrounds is that it is already established with ready infrastructure and a range of property solutions. All it needs is a facelift. We have completed the Master Planning, Detailed Urban Design Scheme and Cadastral Survey of the SEZ.
We will soon proceed to the Detailed Engineering Designs,” he said. Fairgrounds is also home to leading financial institutions like Botswana Stock Exchange (BSE), Botswana Insurance Holdings Limited (BIHL), Botswana Development Corporation (BDC), Botswana Accountancy College (BAC) and numerous banks’ headquarters.
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...