BMC attributes losses to measles

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The struggling Botswana Meat Commission (BMC), which currently has a loan book of about P769 million, has attributed its debts to measles.

BMC chief executive officer, Dr Akolang Tombale told the media yesterday that measles ate between 13 and 15 percent of earnings (or P57 million) from the state meat corporation’s profits annually. He said measles cost BMC a fortune and it will soon launch its own strategy to fight it. “Measles cost us dearly, although we are part of the government’s wide strategy to fight measles, we will soon launch our own strategy as this cost us dearly.”

In 2013, the Francistown BMC plant was suspended from supplying the European (EU) market due to the Foot and Mouth Disease. Tombale also said the 2011-2012 delisting from the EU market contributed to the corporation’s financial losses. “We suffered a major setback as EU is our best market and lack of activity during that time really affected BMC. Therefore due to non-activity in 2011-2012, the losses amounted to P233 million in 2011 and over P300 million in 2012,” said Tombale

Editor's Comment
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This decision follows the raiding of the office of the former Director General of the DCEC, Tymon Katlholo early 2022 and his staff officer by the DIS operatives who reportedly took files that they had targeted.After all back and forth arguments, the CoA has set the record straight giving an invaluable lesson to the DIS that it was no super security organ and it does not have any powers to cogently supervise other security organs including the...

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