BMC in the red

The acting minister of Agriculture, Patrick Ralotsia, however, told Parliament this week that the commission is not insolvent, only facing cash follow challenges. Last year the National Assembly approved that the government guarantee P300 million short-term facility from Standard Chartered Bank. As a result, BMC pays a substantial P86 million as financial costs.

Answering a question from Ghanzi North MP Noah Salakae, the acting minister said these losses had put immense pressure on the cash flow management of the organisation to the extent that a proposed scheme to improve the operations of the commission could not be implemented.