Law firm fails conflict of interest test in BTC privatization
Wednesday, April 08, 2015
The company provided lawyers to advise BTC and Botswana Fibre Networks Limited (BOFINET) in the transaction, causing a conflict of interest. “Neither BOFINET nor BTC were aware of this conflict until March 30, 2015.
The onus on declaring conflict of interest lies with the law firm. In this case, no conflict of interest was declared by Monthe Marumo and Company incorporating Molatlhegi and Associates,” Mabeo told Parliament.
While his leadership has brought about significant progress and development, it is imperative that he exercises greater caution in his choice of words, particularly when addressing sensitive matters.One of the primary concerns is the potential impact of his remarks on Botswana’s relationship with De Beers, the diamond mining giant that plays a crucial role in the nation’s economy.The partnership between Botswana and De Beers has been mutually...