BAMB grapples with mounting debt :: Mmegi Online

The Botswana Agricultural Marketing Board (BAMB) is facing significant financial pressure, with the organisation reportedly owed millions in pula and failing to pay suppliers. The parastatal, which provides a market for locally grown crops, has P48 million due to it from various debtors, while at the same time it is struggling to settle approximately P66 million debt to farmers. BAMB CEO, Lillian Scheepers, this week revealed to Parliamentarians that efforts to recover the outstanding debt have yielded minimal results despite the engagement of an external audit company.

By February this year, only six percent of the debt had reportedly been recovered.

According to Scheepers, who joined the BAMB in January, nearly P27 million of the outstanding debt is linked to a single company that allegedly collected grain from Pitshane silos without adequate guarantees or payment arrangements in place.

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BAMB grapples with mounting debt

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