Inside how BCL debacle cost Paul Smith his job

No Image

Just over a year into a five-year contract, Paul Smith’s contract as CEO of Minerals Development Company of Botswana (MDCB) was terminated on April 11, 2017. Smith believes, as a professional with 27 years experience in mining and investment banking, his contract was terminated because he was too candid for the comfort of key stakeholders, as he was not prepared to play along with the rhetoric and political patronage usually associated with management of state-owned companies. In an exclusive interview with BusinessWeek’s BRIAN BENZA, Smith opened up about how his recommendation and actions on handling the BCL and EIH issues led to his termination.

In an interview that spanned over 90 minutes, Smith also spoke about how he has moved on from the agony over the manner in which he was terminated and how he is even prepared to assist Botswana in the country’s mineral sector development agenda

BusinessWeek: Firstly, it has been over seven months since you left, why have you decided to speak out now? 

Editor's Comment
Shame on the Police!

According to a press statement from the police, unidentified armed men attacked on duty police officers at the station in the early hours of Tuesday.During the attack, the suspects stole 14 riffles, five pistols and an undisclosed number of ammunition.Although unconfirmed, it is alleged that the suspects were just carrying knives and axes, which they used to scare the men and women in uniform before they took them hostage to help themselves to...

Have a Story? Send Us a tip
arrow up