Parliament passes bill to reserve BTC shares to citizens

Parliament this week passed the Botswana Telecommunications Corporation (BTC) (Transition) (Amendment) Bill 2014. The bill tabled by the Minister of Transport and Communications, Nonofo Molefi seeks to amend the 2008 BTC (Transition) Act.

The amendment makes the BTC employee scheme exclusive to citizens only. The minister submitted the bill under a certificate of urgency because the listing of the BTC Limited in the Botswana Stock Exchange is due on August 22.

He said the bill therefore seeks to ensure the allotment of shares to citizen employees. The 2008 Act opened the allotment of shares to all employees, irrespective of their nationality.

Editor's Comment
Batswana need to do better to stop FMD

It is a clear signal that the government’s purse is empty and that our own behaviour has left veterinary officials fighting with one hand tied behind their backs. We have been here before. During COVID-19, many of us thought we knew better. We ignored simple rules, we carried on as if the danger was someone else’s problem, and the virus took lives and left our economy on its knees. We are still broke from that experience. Yet now, with FMD...

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