the monitor

Air Botswana’s missing millions

Appearing before a Parliamentary Committee this week, Mosinyi said Air Botswana has been a cash-losing machine. PIC: MORERI SEJAKGOMO
Appearing before a Parliamentary Committee this week, Mosinyi said Air Botswana has been a cash-losing machine. PIC: MORERI SEJAKGOMO

The curtain behind the national carrier's deepening financial losses has been lifted, revealing systemic and horrifying occurrences of poor governance and poor financial management that have eaten into the airline's books.

At Monday’s Parliamentary Committee on Statutory Bodies and State-Owned Enterprises, where Air Botswana was the first to appear, it was revealed that for the financial years between December 2021 and December 2025, the airline was supported by the government with over half a billion pula, whilst also receiving additional bailouts from the state and loans that were never used for their intended purpose.

“Peak revenue was P330 million at the end of 2024, whilst the highest net loss stood at P230 million. “This organisation has been a cash-losing machine each of these years,” Air Botswana General Manager, Bao Mosinyi, said.

Editor's Comment
Criminals beware, police are closing in

Smash-and-grab incidents became common at traffic lights, Automatic Teller Machine (ATM) bombings made headlines too often, cash-in-transit robberies terrified security personnel, while home invasions left families traumatised in the very places they were supposed to feel safest. The situation had reached alarming levels and threatened not only the peace of ordinary citizens, but also the country’s reputation as one of the safest and most...

Have a Story? Send Us a tip
arrow up