Horticulture Market seeks P50m capital injection

Wednesday, November 11, 2015

The horticultural market is posting losses

The loss-making Botswana Horticultural Market (BHM) is seeking P50 million from financiers and shareholders to implement its new turnaround strategy.

The strategy, which has been developed by a South African company, Brand New Harvest at a budget of P48 million, is expected to turn the company into a profit making entity again.

According to the Acting Chief Executive Officer of BHM, Simon Meti, they are pinning their hopes on shareholders; Botswana Development Corporation (BDC) and the Ministry of Agriculture (MoA) to source the funds, as BMH does not have the security to secure a loan.

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