Botswana hires Minchin & Kelly to terminate monopoly of beef exporter

Minchin & Kelly, a local consultancy based in Botswana's capital, Gaborone has been appointed by the government to guide the privatization of Botswana Meat Commission. The effort is

Botswana has appointed a local consultancy, Minchin & Kelly, to guide the privatization of Botswana Meat Commission (BMC) in a move expected to end the parastatal's monopoly as the country's sole beef exporter.

The Chief Executive Officer of the Public Enterprises Evaluation and Privatization Agency, Obakeng Moumakwa told the reporters in Gaborone that the consultancy will develop a strategy and transaction plan to guide the parastatal's privatization, as reported by Xinhua.

"Their responsibilities will include carrying out a business, financial and human resource assessment of BMC, valuation of BMC and submitting a comprehensive project completion report at the end of the project," Moumakwa said, adding that the project is expected to be completed by the end of August.

The government decided to privatize BMC in February last year and directed Public Enterprises Evaluation and Privatization Agency to lead the privatization process, Moumakwa said. "It has been a long but very informative process that involved consultations with all key stakeholders, particularly farmers, as the privatization of BMC has a direct impact on their livelihoods," he said.

"Their concerns and suggestions were duly noted and taken on-board because it is the government's commitment to ensuring that privatization is fair, transparent and in the best interests of Batswana," Moumakwa added, Xinhua noted.

Also Read: Bank of Ghana annuls licenses of over 300 non-bank financial institutions