the monitor

MTI steps up parastatal rationalisation

The Ministry of Trade and Industry (MTI) is stepping up rationalisation of certain parastatals under its portfolio with an independent consultant due to be engaged.

This follows President Mokgweetsi Masisi's March directive to rationalise state-owned enterprises and parastatals.

According to the directive, the Trade and Industry ministry has been directed to restructure the Botswana Development Corporation on non-agricultural sectors based on the approved lending threshold within three months and move it to the National Development Bank within those three months.

Editor's Comment
Get back what was stolen, and lock the door

That a single private law firm pocketed P6.5 million for just four cases, out of a total P11.1 million paid for 25 matters, reeks of a system that was not merely disorganised but open to abuse.Bayford has taken a welcome first step by telling the Public Accounts Committee the truth. Now he must act decisively to ensure it never happens again and that any money lost to wrongdoing is recovered.The figures are staggering. Whilst ordinary Batswana...

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