BAMB to the rescue
In the midst of tough trading conditions, Botswana Agricultural Marketing Board (BAMB) maintains there is positivity in the organisation’s financial performance.
Despite the drought experienced in the past ploughing season, BAMB CEO, Leonard Morakaladi revealed the board garnered some growth during the second quarter of the 2019/20 financial year.
Updating the media on BAMB’s financial performance this Tuesday, Morakaladi said, “In terms of where this growth is coming from, looking at our portfolio of the grain side, the key driver was sorghum which is a reflection of what we are able to procure as BAMB looking at the drought situation.”
He explained sorghum is naturally resilient when it comes to drought, which is why the crop drove the bulk of BAMB’s procurement.
“We just came out of the harvest season and we spent close to P140 million on our local farmers against a total of 44 000 metric tonnes of grains, which is predominately sorghum.”