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  3. Private Sector Disaster Response Fund Raises Over a P10 Million

Private Sector Disaster Response Fund Raises Over a P10 Million

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04 Mar, 2025

This morning, Business Botswana briefed the media on the status of the Private Sector Disaster Relief Fund (PSDRF)in response to the devastating flooding rains that have impacted our country. The event was graced by the Business Botswana President, Mr. Neo Nwako, PSDRF board Chairperson, Mr. Butler Phirie, and Board members, including ABSA Managing Director, Ms. Keabetwe Pheko-Moshagane, Kalafhi Medical Centre Managing Director, Dr. Matlhogonolo Mongwa-Mouane, and Managing Partner at Molatlhegi Business Law, Dr. Baatlhodi Molatlhegi.

In his speech, Mr. Nwako expressed his gratitude for the support being received from members and stakeholders. He stressed the independence of the PSDRF, highlighting that it allows for the efficient and transparent management of funds. Mr. Nwako also called on the private sector to continue its support, citing that it will not only strengthen the ongoing response to the current disaster but also ensure that the fund remains sustainable for future emergencies.

PSDRF Board Chairperson, Mr. Phirie, provided an update on the fund's progress, noting that over P10 million has been raised in contributions from more than 40 companies, with in-kind donations valued at approximately P3 million. These contributions, which include food, water, medical supplies, and logistical support, are being allocated to meet the immediate needs of affected communities.

The allocated funds will be strategically directed towards both immediate and long-term relief efforts. A total of 5.5 million has been earmarked for urgent relief initiatives. This includes 2 million for infrastructure repairs to restore damaged roads, P1.5 million for the restoration of sewage systems in Mochudi to ensure proper sanitation, and P1millon to desilt the Segoditshane River for uninterrupted water flow. Additionally, P1 million has been allocated for the Francistown community, with P500,000 directed to Ghanzi, tailored to meet the specific needs of each region.

Furthermore, P500,000 has been set aside to support businesses affected by the floods. Mr. Phirie confirmed that the fund is also dedicated to assisting businesses in continuing operations and recovering from the crisis, helping them resume productivity and growth as swiftly as possible.  He urged all affected businesses to complete the survey, which will assist in assessing eligibility for assistance.

https://fb.focussurveys.net/566896?lang=en

The press conference concluded with the presentation of cheques to the contributors, recognising their generous support in the fight to rebuild and recover from this disaster.