More parastatals tied to performance contracts

Botswana Fibre Networks director Ratsela Moketsi (left) and Minister of Transport Nonofo Molefhi at the shareholder compact singing ceremony PIC: TSELE TSEBETSAME
Botswana Fibre Networks director Ratsela Moketsi (left) and Minister of Transport Nonofo Molefhi at the shareholder compact singing ceremony PIC: TSELE TSEBETSAME

The Ministry of Transport and Communications (MTC) yesterday signed shareholder performance agreements with four more parastatals.

This is in  line with government efforts to overhaul loss making state enterprises, which gobble billions of Pula annually in subventions from the national coffer.

The compact is aimed at aligning performance expectations of the parastatals, which included Botswana Fiber Network (BoFiNet), Botswana Railways, Botswana Telecommunications Limited and Civil Aviation Authority of Botswana (CAAB), for effective monitoring. In July this year, MTC signed similar agreements with two other ministry parastatals, BOCRA and BotswanaPost.

Editor's Comment
Stay safe this holiday season

However, amidst the happiness, it is crucial to remember that the holidays can also bring unforeseen challenges. From increased traffic and travel hazards to heightened risks of accidents and social unrest, the festive period demands heightened awareness and responsible behaviour.Traffic congestion and accidents are a common occurrence during the holidays. With increased travel, roads become busier, leading to a higher risk of collisions. Alcohol...

Have a Story? Send Us a tip
arrow up