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
UDC's 100 Days: Please deliver your promises!

We duly congratulate them to have ousted the long ruling Botswana Democratic Party (BDP) from power. Prior to taking power from the BDP, the coalition had made several election promises that are credited for influencing change and swaying the people to vote in its favour.The party had made an undertaking, which its leader and President Duma Boko consistently bellowed in his campaign trail. These undertakings were promises that Batswana would be...

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