Botswana Power Corporation (BPC) has appointed German Dr. Stefan Schwarzfischer, to steer the ship of the beleaguered electricity corporation with effect from 1 November 2016.
The 50 year old German national takes over from the embattled Jacob Raleru who has been leading the Corporation since 2010 and has gone through a series of turbulent times during his reign, from the collapse of the most expensive project undertaken by government, estimated at 15 billion pula- Morupule B, to frequent load-shedding, Raleru has witnessed a large share of stormy days at BPC.
In light of this, WeekendPost has established that BPC derived a transformation strategy in which Raleru was earmarked to be a casualty of the strategy amongst others. The incumbent CEO’s contract will not be renewed when it expires end of this month, and instead he will be replaced by inbound Dr. Schwarzfischer.
Relieving Raleru of the demanding yet lucrative portfolio is said to be part of the Corporation’s transformation strategy that was launched to turnaround the business operations of the Corporation. The appointment of Dr. Schwarzfischer is seen as what the doctor has ordered for the corporation.
“The current CEO, Mr. Jacob N. Raleru’s contract ends on 31st October 2016. He will officially handover the role to the incoming CEO Dr. Stefan Schwarzfischer. The Dr., Schwarzfischer, of German origin will serve the Corporation on a five (5) year contract term,” BPC Marketing and Communications Manager, Dineo Seleke confirmed to WeekendPost on Thursday.
The BPC spokesperson stressed that the recruitment of the CEO was a lengthy process with several governance structures and that it involves a series of events or stages before its conclusion. “Therefore appointment of the new CEO was undergoing appropriate stages to ensure utmost diligence,” she maintained.
“In this case where the new CEO is of German origin, there are preliminary immigration matters that have to be considered prior to relocation,” Seleke pointed out.
The new CEO will provide strategic leadership and direction in order to achieve the successful recovery and transformation of the Corporation into a technically sound, institutionally robust and financially stable utility capable of playing a central role in ensuring sustainable, reliable, affordable and dependable electricity.
He will lead a team of experts, managers and professionals in addressing the systematic problems affecting the Corporation in order to rebuild BPC as a going concern.
The 50 year old holds a Ph.D. in Process Engineering from the Technical University at his home land in Aachen, Germany.
He has held several C-level positions such as CEO, CFO and COO in the FMCG environments and has specialised in international business development and change management.
He has worked for KPMG Deutsche Treuhand-Gesellschaft in the area of corporate restructuring in Frankfurt and Johannesburg.
Over 2,000 civil servants in the public sector have been interdicted for a variety of reasons, the majority of which are criminal in nature.
According to reports, some officers have been under interdiction for more than two years because such matters are still being investigated. Information reachingÂ WeekendPostÂ shows that local government, particularly councils, has the highest number of suspended officers.
In its annual report, the Directorate on Corruption and Economic Crime (DCEC) revealed that councils lead in corrupt activities throughout the country, and dozens of council employees are being investigated for alleged corrupt activities. It is also reported that disciplined forces, including the Botswana Defence Force (BDF), police, and prisons, and the Directorate of Intelligence and Security (DIS) have suspended a significant number of officers.
The Ministry of Education and Skills Development has also recorded a good number of teachers who have implicated in love relationships with students, while some are accused of impregnating students both in primary and secondary school. Regional education officers have been tasked to investigate such matters and are believed to be far from completion as some students are dragging their feet in assisting the investigations to be completed.
This year, Mmadinare Senior Secondary reportedly had the highest number of pregnancies, especially among form five students who were later forcibly expelled from school. Responding to this publicationâ€™s queries, Permanent Secretary to the Office of the President Emma Peloetletse said, â€śas you might be aware, I am currently addressing public servants across the length and breadth of our beautiful republic. Due to your detailed enquiry, I am not able to respond within your schedule,â€ť she said.
She said some of the issues raised need verification of facts, some are still under investigation while some are still before the courts of law.
Meanwhile, it is close to six months since the Police Commissioner Keabetwe Makgophe, Director General of the Directorate on Corruption and Economic Crime (DCEC) Tymon Katlholo and the Deputy Director of the DIS Tefo Kgothane were suspended from their official duties on various charges.
Efforts to solicit comment from trade unions were futile at the time of going to press.
Some suspended officers who opted for anonymity claimed that they have close to two years while on suspension. One stated that the investigations that led him to be suspended have not been completed.
â€śIt is heartbreaking that at this time the investigations have not been completed,â€ť he toldÂ WeekendPost, adding that â€śwhen a person is suspended, they get their salary fully without fail until the matter is resolvedâ€ť.
Makgophe, Katlholo and Kgothane are the three most high-ranking government officials that are under interdiction.
Botswana Democratic Party (BDP) and some senior government officials are abuzz with reports that President Mokgweetsi Masisi has requested his Vice President, Slumber Tsogwane not to contest the next general elections in 2024.
The impacts of climate change are increasing in frequency and intensity every year and this is forecast to continue for the foreseeable future. African CEOs in the Global South are finally coming to the party on how to tackle the crisis.
Following the completion of COP27 in Egypt recently, CEOs of Africa DFIs converged in Botswana for the CEO Forum of the Association of African Development Finance Institutions. One of the key themes was on green financing and building partnerships for resource mobilization in financing SDGs in Africa
A report; “Weathering the storm; African Development Banks response to Covid-19” presented shocking findings during the seminar. Among them; African DFI’s have proven to be financially resilient, and they are fast shifting to a green transition and it’s financing.
COO, CEDA, James Moribame highlighted that; “Everyone needs food, shelter and all basic needs in general, but climate change is putting the achievement of this at bay. “It is expensive for businesses to do business, for instance; it is much challenging for the agricultural sector due to climate change, and the risks have gone up. If a famer plants crops, they should be ready for any potential natural disaster which will cost them their hard work.”
According to Moribame, Start-up businesses will forever require help if there is no change.
“There is no doubt that the Russia- Ukraine war disrupted supply chains. SMMEs have felt the most impact as some start-up businesses acquire their materials internationally, therefore as inflation peaks, this means the exchange rate rises which makes commodities expensive and challenging for SMMEs to progress. Basically, the cost of doing business has gone up. Governments are no longer able to support DFI’s.”
Moribame shared remedies to the situation, noting that; “What we need is leadership that will be able to address this. CEOs should ensure companies operate within a framework of responsible lending. They also ought to scout for opportunities that would be attractive to investors, this include investors who are willing to put money into green financing. Botswana is a prime spot for green financing due to the great opportunity that lies in solar projects. ”
Technology has been hailed as the economy of the future and thus needs to be embraced to drive operational efficiency both internally and externally.
Executive Director, bank of Industry Nigeria, Simon Aranou mentioned that for investors to pump money to climate financing in Africa, African states need to be in alignment with global standards.
“Do what meets world standards if you want money from international investors. Have a strong risk management system. Also be a good borrower, if you have a loan, honour the obligation of paying it back because this will ensure countries have a clean financial record which will then pave way for easier lending of money in the future. African states cannot just be demanding for mitigation from rich countries. Financing needs infrastructure to complement it, you cannot be seating on billions of dollars without the necessary support systems to make it work for you. Domestic resource mobilisation is key. Use public money to mobilise private money.” He said.
For his part, the Minster of Minister of Entrepreneurship, Karabo Gare enunciated that, over the past three years, governments across the world have had to readjust their priorities as the world dealt with the effects and impact of the COVID 19 pandemic both to human life and economic prosperity.
“The role of DFIs, during this tough period, which is to support governments through countercyclical measures, including funding of COVID-19 related development projects, has become more important than ever before. However, with the increasingly limited resources from governments, DFIs are now expected to mobilise resources to meet the fiscal gaps and continue to meet their developmental mandates across the various affected sectors of their economies.” Said Gare.