Parly Approves BMC's P100M Bailout

Monday, September 21, 2020

Parliamentary Finance and Estimates Committee has approved P100 million requested by Botswana Meat Commission (BMC) to clear outstanding debts.

The BMC has long been facing financial problems and therefore the money will be used to clear debts for feedlotters and small, medium and large scale farmers amounting to P24 million and P76 million respectively.

However, the Committee noted it had observed that for years the BMC has been failing to sustain itself, therefore regularly depending on supplementary budgets.

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