MFDP binds parastatals to performance contracts


The Minister of Finance and Development Planning (MFDP) on Tuesday signed shareholder compacts with seven parastatals under its wings, as government expands the initiative of making public enterprises accountable to outlined performance levels.

Parastatals under the finance ministry include; Public Enterprises Evaluation and Privatisation Agency (PEEPA), Botswana Institute of Chartered Accountants, Botswana Accountancy Oversight Authority, Non-Bank Financial Institutions Regulatory Authority, Public Procurement and Asset Disposal Board, Botswana Unified Revenue Service and Motor Vehicle Accident Fund.

Speaking at the signing ceremony, minister Kenneth Matambo said state-owned enterprises needed to be managed efficiently for them to contribute to economic growth.

Editor's Comment
Implement the recommendations Mr. President

The nation is eagerly awaiting this report to have a glimpse of what the recommendations are like, possibly for further debate. Mr. President, it’s our ardent hope that true to your promises, the public will have an opportunity to peruse the report and see if it reflects their interests as the Commission went around the length and breadth of the country collecting views of the people with some choosing to write to the Commission’s...

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