Horticulture Market seeks P50m capital injection

The horticultural market is posting losses
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.

Editor's Comment
No room for perjury

It seems some government accounting officers, sworn to tell "the truth, the whole truth, and nothing else but the truth" before Almighty God, may have deliberately lied during the committee’s vital work. If proven, this is not merely unprofessional; it is perjury, a serious criminal offence and it strikes at the very heart of responsible government.The PAC’s role is fundamental. After each financial year, it painstakingly examines how public...

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