馃嚙馃嚰BotswanaSouthern Africa
Botswana Oil's 90% fuel import mandate faces intensified review amid industry pushback
via Mmegi1 min read
A review of Botswana Oil's mandate to import 90% of the country's fuel supplies, initiated last year, is reportedly intensifying. Analysts view this sole responsibility as a potential risk, particularly given ongoing global events. Multinational oil companies, which previously held import mandates, have reportedly advocated for a reduction in Botswana Oil's 90% quota. This position has been further solidified by the Middle East crisis. Engen Botswana, a listed oil company, recently reported a 55% decrease in pretax profits, which its directors attributed to the implementation of the petroleum products importation quota.
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This summary was AI-generated from a story originally published by Mmegi.
National Assembly Speaker Dithapelo Keorapetse has acknowledged that many former Members of Parliament face difficulties finding employment after leaving office. To address this, the National Assembly is establishing a savings and credit cooperative SACCOS and exploring investment, insurance, and retirement solutions. Keorapetse stated that while special rights protect MPs during their tenure, many struggle with employability and insufficient retirement benefits afterwards. The National Assembly Credit and Cooperative Society, or SACCOS, is being registered with assistance from the Botswana Savings and Credit Cooperative Association BOSCCA to provide financial support to former MPs.
The Botswana Energy Regulatory Authority BERA has approved a nine percent across-the-board increase in tariffs for the Botswana Power Corporation BPC, effective August 1. This decision follows BPC's request in December for an average 46% increase across consumer categories. BERA, acting as the regulator, conducted a public hearing in February where significant opposition to BPC's initial request was voiced.
Mmegi Online, an independent news source in Botswana, displayed a 404 error message indicating that the page a user was looking for does not exist. The error appeared on a page that was likely intended to feature news about Manchester United signing Santos and closing in on Tielemans. The website provides various sections including news, business, sport, lifestyle, and features, and offers contact information and social media links.