BAMB is a government body. Why do you have to make profit?
Botswana Agricultural Marketing Board (BAMB) was established by an Act of Parliament, No. 2 of 1974 mandated to provide a market for locally grown scheduled crops, whilst ensuring that adequate supplies exist for sale to customers at affordable prices. The Act also requires BAMB to cover its operating costs from revenue generated from its trading activities.
Powers of BAMB - conferred by the Act:
- Purchase or obtain supplies from any source
- Fix prices for purchase or sale of produce
- Import or export any scheduled produce
- Arrange for transport, storage, processing and sale of scheduled produce
- Enter into any transaction which, in the Board’s opinion, will facilitate proper discharge of its functions