Botswana Development corporation (BDC)’s affinity for cash hit a brick wall last week after a Parliamentary Committee rejected a request for funding of P1 billion.
What is however interesting with the request is that the Corporation revealed that it intended to create 1000 jobs with the P1 billion, a declaration that shocked most of the Members of Parliament who deliberated on the request.
It is clear that Cabinet had Okayed the BDC’s request that government guarantees the P1 billion loan from African Development Bank.
The Member of Parliament for Mmadinare, Kefentse Mzwinila had asked a simple question as to how many jobs BDC intended to generate with the P1 billion request, the answer was 1000 openings. Phenyo Butale of Gaborone Central and Guma Moyo of Tati East were not convinced either.
From a deductive perspective this meant that BDC wants P1 million for every single job it intends to create. Members of the Parliamentary committee punched holes on the quality of the projects earmarked for this P1 billion based on the failure to demonstrate quality jobs commensurate with the money requested.
BDC through the Minister of Finance and Development Planning Kenneth Matambo asked Government to guarantee the African Development Bank (ADB) loan, as the investment arm seeks to expand its investment regionally and internationally. But the Parliamentary Committee shot down the proposed investments as a sign of lack of seriousness on the part of those who came u[p with them.
The Committee also wanted to understand the reason for acquiring the loan through AFD instead of local banks.
A history of failure
BDC has a very dark history when it comes to implementation. The Corporation blew away P1 billion of taxpayers’ money on a briefcase company it had engaged to develop the Palapye Glass Project. The company properties were later auctioned by a South African company to the lowest bidder, and only P10 million was recovered.
Efforts by the BDC to sell the Fengyue Glass Plant at a much high value hit a snag recently as it failed to sell at a P58 million tag price. The highest bidder even failed to pay and the engaged auctioneer, KPMG had to run around searching for the best among under bidders to take over the failed plant’s equipment. Rudy Schuhardt of Makoro Bricks was awarded the bid at P10 million after the highest bidders failed to pay.
Lack of citizen empowerment
In addition the BDC has always been accused of failing to empower citizens comprehensibly because most of their projects are either headed by foreigners, or owned by foreigners. The current Managing Director of the BDC, Bashi Gaetsaloe had promised to transform BDC and improve on its investments, but his latest proposal of P1 billion sliced among private companies including Letshego and Baisago University College left many disappointed.
Two years into office, Gaetsaloe has returned BDC to profitability after three consecutive years of it making losses. In December last year, BDC announced a P110 million profit before tax, and P247 million profit before tax at Group level (inclusive of subsidiaries). But his recent investment decisions could dent his somewhat positive start.
Upon his arrival, he announced that the new BDC model will come with a new requirement of skills and his intention is to build a new BDC operating under an appropriate and relevant mandate and business model with the right set of skills – but this is yet to show.
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.