Francistown economy in ICU

Friday, February 09, 2018

Francistown Civic Center. Pic. Bonang Keoagile

FRANCISTOWN: The economy of Francistown is a patient in a critical condition in the Intensive Care Unit fighting what looks like a losing battle for its life.

Any renewed optimism about the economy of Francistown getting out of the doldrums were dealt a heavy blow on Wednesday after councillors adopted the proposed tentative budget for the fiscal year 2018/2019.

According to councillor Zibanani Benefield, the chairperson of the finance committee, the City of Francistown Council (CoFC) had proposed a tentative budget of P227,899,950 with a Revenue Support Grant (RSG) of P184,391,570.

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