Govt yet to inject funds into Tokafala

Mong'gae (right) with the 13 Tokafala beneficiaries
Mong'gae (right) with the 13 Tokafala beneficiaries

Government has not injected any money into the Tokafala project due to a delay in signing of the shareholder agreement, programme manager, Victor Mong’gae has revealed.

Contrary to Trade and Industry minister, Vincent Seretse’s claims in Parliament last week that  government had pumped P63 million into the programme and created 585 jobs, Mong’gae said government is yet to fulfill its funding obligation under the agreement.  “Government as a partner in this programme has not contributed anything yet as the signing of the shareholder agreement was delayed, but we expect it to be done by the end of this financial quarter,” he said.

Tokafala is a partnership between the Botswana government, Anglo American, De Beers and Debswana, aimed at promoting economic development and employment creation through Small Macro Medium Enterprises (SMME) support.

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