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BAMB on new path

patriot by patriot
February 5, 2021
in Business
0

·    Resorts to innovative farming techniques

·    BAMB revenues 14% up

RelatedPosts

Banks in P90.79 billion household debt

𝐇𝐞𝐦𝐩 𝐈𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭 d𝐞𝐚𝐥s roll in

Bank of Botswana Celebrate 50 Years

·    Strong collections recovers over P120m

The Botswana Marketing Board (BAMB) CEO, Leonard Morakaladi says prolonged droughts that result with low harvest has left them with no option but to resort to innovation and digitalisation approaches towards farming to mitigate the challenges.

Morakaladi said this when giving an overview of BAMB financial results for the 2019/20 which showed that the organisation’s total revenues were up 14.9% despite the low harvest yields.

He said the organisation has benchmarked in Israel and Brazil on the innovative agricultural processes to counter unpredictable climate change conditions like droughts.

He cited the drone breakthrough project in the Pandamatenga farms as part of their innovative interventions.

According to Morakaladi, the drone project will help to fight infestation of destructive pests such as Quelea Bird (Thaga) and antelopes which are big problems to farmers.

Another form of technology disruption is in pests and diseases surveillance comprising of soil mapping, Internet of Things and Macro Agricultural Intelligence.

“The current farming environment is faced with lot of challenges that results in low yield production, hence forcing farmers to import for supplement abroad. We need to adopt new farming technologies for long term sustainability,” said Morakaladi.

With regard to live stock management the laser ear tag labeling technology for branding livestock has been introduced and services are said to be available across all BAMB branches.

Despite challenges, Morakaladi said the profits went up because of strengthened relationships with key clients.

Gearings reduced by 40% while the receivables also declined by 25% with provisional profit of P7.7 million recorded.

BAMB, according to Morakaladi, also recovered over P120 million due to strengthened collections. Credit exposure decreased from P278 million to P165 million.

He said the board focused its energies and all available cash resources towards repayment of its credit facilities with lenders. Moreover, the grain purchases were mainly driven by maize accounting to 69% of sale. He said due to low production because of drought, Botswana is likely to experience a serious food shortage.

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  • Banks in P90.79 billion household debtSeptember 13, 2025
    -           P39 billion of the credit is unsecure -           UK research firm forecasts escalating credit in the household sector RelatedPosts Banks in P90.79 billion household debt 𝐇𝐞𝐦𝐩 𝐈𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭 d𝐞𝐚𝐥s roll in Basarwa demand equal rights STAFF WRITER The household… Read more: Banks in P90.79 billion household debt
  • 𝐇𝐞𝐦𝐩 𝐈𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭 d𝐞𝐚𝐥s roll inSeptember 13, 2025
    This morning (12.09.25), the Botswana Investment and Trade Centre (BITC) hosted the Hemp Innovations Europe (HIE) AB Memorandum of Understanding Handshake Ceremony. The MOU signing is in partnership with The Office of the President, Botswana University of Agriculture and… Read more: 𝐇𝐞𝐦𝐩 𝐈𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭 d𝐞𝐚𝐥s roll in
  • Basarwa demand equal rightsSeptember 13, 2025
    KITSO RAMONO editors@thepatriot.co.bw RelatedPosts Banks in P90.79 billion household debt 𝐇𝐞𝐦𝐩 𝐈𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭 d𝐞𝐚𝐥s roll in Basarwa demand equal rights   The Basarwa community has called on government to grant them full recognition under Botswana’s laws, insisting that they deserve… Read more: Basarwa demand equal rights
  • Bank of Botswana Celebrate 50 YearsSeptember 13, 2025
    Unveils new P50 banknote in commemoration   GORATAONE KGOSIMORE RelatedPosts Banks in P90.79 billion household debt 𝐇𝐞𝐦𝐩 𝐈𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭 d𝐞𝐚𝐥s roll in Basarwa demand equal rights editors@thepatriot.co.bw   Botswana’s central bank, the Bank of Botswana celebrated 50 years of existence,… Read more: Bank of Botswana Celebrate 50 Years
  • UDC in BDP deep stateSeptember 13, 2025
    Boko's wounded healer strategy recycles BDP cronies into govt Pilane's CoA appointment re-opens old wounds BDP denies ever politicizing public service   BAKANG TIRO RelatedPosts Banks in P90.79 billion household debt 𝐇𝐞𝐦𝐩 𝐈𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭 d𝐞𝐚𝐥s roll in Basarwa demand equal… Read more: UDC in BDP deep state
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