Page 26 - Issue 22

26 Business

Botswana Meat Commission(BMC)

Privatisation on track

PEEPA CEO – Mr Obakeng Moumakwa (centre) signing agreements
with Deloitte and Minchin & Kelly representatives

EEPA CEO – Mr Obakeng purposes. Therefore, the Maun Abattoir one part of the privatisation of the whole
Moumakwa recently gave an will not be privatised along with the BMC. The next step involves registering
Pupdate on the privatisation of Lobatse and Francistown Abattoirs. It will BMC as a limited liability company under
Botswana Meat Commission and how be retained as a strategic facility. Maun the Companies Act and developing
far PEEPA have gone with the project. Abattoir serves farmers in the Red Zone a Privatisation There will also be
PEEPA stands for Public Enterprises and it is strategically placed to deter recommendations and implementation
Evaluation and Privatisation Agency. farmers from smuggling cattle from of the optimal privatisation method
This institution is responsible for these Foot and Mouth Disease (FMD) after approval by Cabinet.
advising government on privatisation infested areas into the Green Zone as
strategies as well as implementation of this would endanger Botswana’s beef Minchin & Kelly are the selected
privatisation. industry. A strategic partner will operate Consultants for the Privatisation of
it through a Concession Agreement. BMC. Their responsibilities will include
He stated that the Government made a carrying out a business, financial and
decision to privatise BMC in Feb 2018. As PEEPA issued a tender in March 2019 human resource assessment of BMC.
the custodian of the Privatisation Policy, seeking the services of a Transaction They will give a valuation of BMC and
PEEPA was tasked with leading the Advisor to assist us with: develop a strategy and transaction plan
privatisation process. The CEO narrated 1)Separating the Maun Abattoir from to guide the privatisation. The company
on how It has been a long, informative BMC Lobatse and Francistown; will submit a comprehensive Project
process that involved consultations with 2)Engaging a Concessionaire to operate Completion Report at the end of the
all key stakeholders such as farmers. the Maun Abattoir. project.
He elaborated on this by saying, “Their 3)Establishing a new limited liability
concerns and suggestions were duly company to house BMC Maun. Mr Moumakwa concluded by saying,
noted and taken on-board because it is 4)Providing technical advice during “I am quite confident that these two
Government’s commitment to ensuring negotiations companies have the capability and
that Privatisation is fair, transparent 5)Finalisation and signing of concession competence to deliver the projects
and in the best interests of Batswana. agreement with the preferred on time and within budget. I also
Farmers are also the most likely to feel Concessionaire. Deloitte Consulting believe we will enjoy a cordial and
the impact of this process.” are the Transaction Advisors for the fruitful relationship as we advance
concession of the Maun Abattoir. Government’s commitment to
In Privatising BMC, Government employment creation and economic
decided to retain the Maun Abattoir PEEP CEO told the media that the development.”
as a Government entity for strategic separation of the Maun Abattoir is just

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