Public enterprises perform well

source: BOPA
10 February, 2010

GABORONE – The majority of commercial public enterprises have performed satisfactorily during the 2008/9 financial year, finance and development planning minister Kenneth Matambo has told Parliament.

The Botswana Housing Corporation made a net profit of P158.3m while Air Botswana recorded a loss of P87million while the Botswana Development Corporation (BDC) continued to be the leading investor and lender, hence contributing more to the transformation and diversification of the countrys economy, said the minister.

The corporation has a diverse portfolio covering various sectors of industry such as agribusiness, services, property development and management.

Mr Matambo said some of the projects the BDC is currently undertaking include the glass manufacturing plant in Palapye, which will utilise locally available silica and soda ash.

The project is estimated to [continue reading]

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