Stubborn fronting limits citizens in oil sector
Friday, January 24, 2025 | 720 Views |
Liquid gold: Botswana Oil controls 90% of the country’s fuel imports PIC: MORERI SEJAKGOMO
Under the Trade Act 2003 and regulations issued in 2008, licences for petrol filling stations are reserved for citizens and wholly citizen-owned companies.
However, fronting which involves foreigners working with citizens intermediaries to give the impression of local ownership, is stifling the full participation of Batswana.
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...