Following the decision by the Parliamentary Committee on Statutory Bodies to deny the Botswana Development Corporation’s (BDC) access to secure P1.075 billion in government guarantees for investments in several local entities, President Lt Gen Dr Ian Khama appears prepared to accede to the request, at least on account of his 2016 State of the Nation Address.
The Parliamentary Committee on Statutory Bodies chaired by Samson Moyo Guma had told the BDC managing director, Bashi Gaetsaloe and board chairperson, Blackie Marole, that they were being “dishonest” and “economic with the truth” at the time when they were making presentations before the committee.
The BDC is seeking government guarantees for an P850 million loan already approved by the African Development Bank and another P150 million, which it plans to raise through a local bond. The BDC wants the guarantees to fund several investments it says are in its “immediate” pipeline and which it says will create 1,300 jobs.
Gaetsaloe told the committee that BDC needs P1 billion of which it would use up only 70% and leave seven percent as a buffer when there is need to pump money into a project in need. However, after his presentation of the projects the total amount needed was P1.075 billion.
The committee members expressed disappointment that the Ministry of Finance and Development Planning treated the request as urgent and had approved without having researched it.In his State of the Nation Address, President Khama acknowledged the ‘BDC recovery’ and said he was pleased to report that the Botswana Development Corporation (BDC) has recorded profits for the two years up to June 2016.
Since mid-2015, just over P400 million worth of new investments have been approved, with an additional P800 million expected to be approved for funding both new and expanding businesses during next few months.
THE ENVISAGED PROJECTS
In the BDC request, Milk Africa was to get P45 million. Milk Africa is currently engulfed in feuds with creditors because of debt. It was expected to be a fully integrated dairy factory with rearing milk cows, processing milk and selling to the local market. The committee had approved this request.
Ba Isago is to benefit P200 million from the BDC request. The P200 million will be spent on the expansion of Ba Isago University, as a way to try and solve the puzzle of skills mismatch and offering better education. Guma at the time argued that it does not make sense for government to invest in a private institution while its own public institutions are not performing well.
Another beneficiary is Letshego expected to pocket P250 million. The BDC is of the view that Letshego’s regional expansion could benefit from the P250 million. A Private Estate in Francistown P270 million to service the land and construct roads. The project is expected to have residential, a school and a clinic amongst other developments.
The Committee had also approved a second project – Paper production company to the tune of P30 million. BDC also wants to spend P280 million in expanding an automotive plant.
PARLIAMENT NEEDED TO RUBBERSTAMP DONE DEAL
Asked to comment on President Khama statement on BDC and the possibility that the P800 million could have long been released before the guarantees were secured from Government, Samson Guma Moyo said it is on record that the Parliamentary Committee on Statutory Bodies had rejected the BDC proposal and had asked that it be reviewed.
He said they had sat down with officials from the Ministry of Finance and they were both in agreement that the proposal needed further work before it could be approved by Parliament. He said it will be unfortunate if the loan was disbursed before guarantees were approved by Parliament.
The BDC maintains that the projects will add jobs and value to the economy while the committee is steadfast that the corporation needs to be more creative.
Minister of Presidential Affairs, Governance and Public Administration, Kabo Morwaeng together with Permanent Secretary to the President (PSP) Elias Magosi, this week refused to name and shame the worst performing Ministries and to disclose the best performing Ministries since beginning of 12th parliament including the main reasons for underperformance.
Of late there have been a litany of complaints from both ends of the aisle with cabinet members accused of providing parliament with unsatisfactory responses to the questions posed. In fact for some Botswana Democratic Party (BDP) backbenchers a meeting with the ministers and party leadership is overdue to address their complaints. Jwaneng-Mabutsane MP, Mephato Reatile is also not happy with ministers’ performance.
Bokamoso Private Hospital is battling a P10 million legal suit for a botched fibroids operation which resulted in a woman losing an entire womb and her prospects of bearing children left at zero.
The same suit has also befallen the Attorney General of Botswana who is representing the Ministry of Health and Wellness for their contributory negligence of having the unlawful removal of a patient, Goitsemang Magetse’s womb.
According to the court papers, Magetse says that sometimes in November 2019, she was diagnosed with fibroids at Marina Hospital where upon she was referred to Bokamoso Private Hospital to schedule an appointment for an operation to remove the fibroids, which she did.
Magetse continues that at the instance of one Dr Li Wang, the surgeon who performed the operation, and unknown to her, an operation to remove her whole womb was conducted instead. According to Magetse, it was only through a Marina Hospital regular check-up that she got to learn that her whole womb has been removed.
“At the while she was under the belief that only her fibroids have been removed. By doing so, the hospital has subjected itself to some serious delictual liability in that it performed a serious and life changing operation on patient who was under the belief that she was doing a completely different operation altogether. It thus came as a shock when our client learnt that her womb had been removed, without her consent,” said Magetse’s legal representatives, Kanjabanga and Associates in their summons.
The letter further says, “this is an infringement of our client‘s rights and this infringement has dire consequences on her to the extent that she can never bear children again”. ‘It is our instruction therefore, to claim as we hereby do, damages in the sum of BWP 10,000,000 (ten million Pula) for unlawful removal of client’s womb,” reads Kanjabanga Attorneys’ papers. The defendants are yet to respond to the plaintiff’s papers.
What are fibroids?
Fibroids are tumors made of smooth muscle cells and fibrous connective tissue. They develop in the uterus. It is estimated that 70 to 80 percent of women will develop fibroids in their lifetime — however, not everyone will develop symptoms or require treatment.
The most important characteristic of fibroids is that they’re almost always benign, or noncancerous. That said, some fibroids begin as cancer — but benign fibroids can’t become cancer. Cancerous fibroids are very rare. Because of this fact, it’s reasonable for women without symptoms to opt for observation rather than treatment.
Studies show that fibroids grow at different rates, even when a woman has more than one. They can range from the size of a pea to (occasionally) the size of a watermelon. Even if fibroids grow that large, we offer timely and effective treatment to provide relief.
The Alliance for Progressives (AP) President Ndaba Gaolathe has said that despite major accolades that Botswana continues to receive internationally with regard to the state of economy, the prospects for the future are imperilled.
Delivering his party Annual Policy Statement on Thursday, Gaolathe indicated that Botswana is in a state of do or die, and that the country’s economy is on a sick bed. With a major concern for poverty, Gaolathe pointed out that almost half of Botswana’s people are ravaged by or are about to sink into poverty. “Our young people have lost the fire to dream about what they could become,” he said.