More parastatals tied to performance contracts

Botswana Fibre Networks director Ratsela Moketsi (left) and Minister of Transport Nonofo Molefhi at the shareholder compact singing ceremony PIC: TSELE TSEBETSAME
Botswana Fibre Networks director Ratsela Moketsi (left) and Minister of Transport Nonofo Molefhi at the shareholder compact singing ceremony PIC: TSELE TSEBETSAME

The Ministry of Transport and Communications (MTC) yesterday signed shareholder performance agreements with four more parastatals.

This is in  line with government efforts to overhaul loss making state enterprises, which gobble billions of Pula annually in subventions from the national coffer.

The compact is aimed at aligning performance expectations of the parastatals, which included Botswana Fiber Network (BoFiNet), Botswana Railways, Botswana Telecommunications Limited and Civil Aviation Authority of Botswana (CAAB), for effective monitoring. In July this year, MTC signed similar agreements with two other ministry parastatals, BOCRA and BotswanaPost.

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