MPs reject motion to save BMC�s sinking ship :: Mmegi Online

Members of Parliament (MPs) have rejected government’s nod to guarantee a loan to Botswana Meat Commission (BMC). The motion, which was tabled by the Minister of Finance and Development Planning Kenneth Matambo urged the house to authorise the government for a P300 million loan to be extended to BMC by Standard Chartered Bank of Botswana.

When opposing the motion, MPs fired that BMC is a burden to government. Gaborone Central MP Dumelang Saleshando said government had attempted to rescue the parastatal on several occasions with no success.

He further said sensitive issues pertaining to finances could not be tabled before parliament within short notice as parliament had to be briefed on the terms and conditions of the contract. Saleshando argued that since BMC’s dismal performance in the market, there had been no official updates on developments. He said its imperative for parliamentarians to read the agreement document to assess whether BMC’s plea is valid.

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