BTCL Shares for Citizens Only

Business & Finance

Botswana Telecommunications Corporation Limited (BTCL) shares are exclusively for Botswana citizens as well as 100 per cent citizen owned companies, the Minister of Transport and Communications, Mr Tshenolo Mabeo has told Parliament.

Mr Mabeo said no foreigner would be allowed to buy shares either directly or indirectly. He said his ministry through the project managers, Public Enterprises Evaluation amp Privatisation Agency (PEEPA), were in the process of putting in place a robust mechanism that would ensure that Botswana citizens and Botswana citizen owned companies trade the BTCL shares exclusively amongst themselves.

He said the shares that were reserved for BTCL employees would be exclusively for Botswana citizen employees and no foreign employees would be allowed to procure the shares directly or indirectly.

Maun West MP, Mr Tawana Moremi had asked the minister to state the rationale of offering BTCL shares to foreignersnon-citizens.

Source : BOPA

Source : Botswana Daily News