Govt shaves P2.3bn from BPC subsidy fund
Friday, July 26, 2019
The funds from the BPC have, instead, been diverted to the Tshele Hills project, which seeks to boost national strategic oil capacity.
While the Kgatleng district project was initially financed through the National Petroleum Fund (NPF), the latter’s depletion, partly by a money laundering scandal, has sent authorities scrambling for funds to finalise the project.
While his leadership has brought about significant progress and development, it is imperative that he exercises greater caution in his choice of words, particularly when addressing sensitive matters.One of the primary concerns is the potential impact of his remarks on Botswana’s relationship with De Beers, the diamond mining giant that plays a crucial role in the nation’s economy.The partnership between Botswana and De Beers has been mutually...