GABORONE, May 31 (Xinhua) -- 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.
Obakeng Moumakwa, chief executive officer of the Public Enterprises Evaluation and Privatization Agency (PEEPA), told reporters in Gaborone on Friday that the consultancy will develop a strategy and transaction plan to guide the parastatal's privatization.
"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 2018 and directed PEEPA 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 said.
