BPC, BR also made losses in Fengyue glass project

Reatile
Reatile

The Botswana Development Corporation (BDC) was not the only loser in the billion pula failed Fengyue glass project in Palapye, as more details continue to emerge.

The Botswana Power Corporation (BPC) had invested P24.9 million in the construction of the sub-station at the defunct Fengyue Glass Manufacturing plant, Parliament heard on Tuesday.

Specially elected Parliamentarian, Mephato Reatile had inquired about the amount spent by Government on the construction of the power sub-station at the BDC plant.

Editor's Comment
Botswana at a critical juncture

While the political shift brings hope for change, it also places immense pressure on the new administration to deliver on its election promises in the face of serious economic challenges.On another level, newly appointed Finance Minister Ndaba Gaolathe’s grim assessment of the country’s finances adds urgency to the moment. The budget deficit, expected to be P8.7 billion, is now anticipated to be even higher due to underperforming diamond...

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