Facebook Feed

  • TDR 1000 returns February 3, 2023
    The Dakar Rally, considered as one of the toughest in many years, is now something of the past and South African Rally-Raid competitors proved their talent while local race vehicle manufacturers and constructors showed their worth and returned from […]
  • Orange splashes P15.4m on FA CupFebruary 3, 2023
    NANCY RAMOKHUA editors@thepatriot.co.bw Orange Botswana through the Orange FA Cup has renewed its sponsorship with Botswana Football Association (BFA) for an additional three seasons valued at P5 138 000 00, an investment increase of 17%. The renewed collaboration will […]
  • Sefalana posts P4.9 billion revenueFebruary 2, 2023
    BAKANG TIRO editors@thepatriot.co.bw Diversified retail giant Sefalana has posted impressive set of results for the half year period ended 30 October, with the company recording P4.5 billion in total revenue. Botswana Stock Exchange (BSE) listed home grown retailer released […]
  • BSB lists P1 billion bondFebruary 2, 2023
    NANCY RAMOKHUA editors@thepatriot.co.bw Botswana Savings Bank (BSB) has listed a bond worth P1 billion with the Botswana Stock Exchange (BSE). The bond note programme will give BSB access to capital and provide alternative funding, reducing dependency on short- term […]
  • Botswana, OPEC seal P1.2 billion loan dealFebruary 2, 2023
    BAKANG TIRO editors@thepatriot.co.bw The Minister of Finance Peggy Serame is highly confident that the P1.2 billion loan that Botswana has secured from the Organisation of Petroleum Exporting Countries Fund for the International Development Fund (OPEC) will boost the country’s […]
  • About Us
  • Advertise
  • Disclaimer
  • Contact Us
  • Login
  • Register
Monday, February 6, 2023
17 °c
Gaborone
21 ° Tue
22 ° Wed
24 ° Thu
26 ° Fri
The Patriot On Sunday
Advertisement
  • Home
  • News
  • Business
  • Lifestyle
  • Sport
  • Analysis & Opinions
  • Vacancies & Tenders
No Result
View All Result
Cart / $0.00

No products in the cart.

  • Home
  • News
  • Business
  • Lifestyle
  • Sport
  • Analysis & Opinions
  • Vacancies & Tenders
No Result
View All Result
The Patriot On Sunday
No Result
View All Result
Home News

BITC courts businesses in Kgalagadi

patriot by patriot
November 15, 2020
in News
240 12
0
BITC courts businesses in Kgalagadi
491
SHARES
1.4k
VIEWS
ShareShareShare

The Botswana Investment and Trade Centre (BITC) is making strides in attracting both foreign and domestic investors, growing the country’s export revenue and creating employment opportunities.

This was said by Export Promotion Manager at BITC Mpho Ketshabetswe during a Youth Entrepreneurship and Skills Development workshop held in Hukuntsi on Wednesday. The workshop, which was organized by the Ministry of Investment, Trade and Industry (MITI) had called all its departments, parastatals and Ministry of Youth Sports and Culture Development under one roof to discuss challenges and opportunities facing youth entrepreneurers in Kgalagadi.

BITC is a promotional agency under MITI, formed in 2012 through an Act of Parliament. It was formed as a result of the amalgamation of Botswana Development and Investment Authority (BEDIA) and Botswana International Financial Services (IFSC) to become a sole Integrated Investment and Trade Authority (ITPA).

As a promotional agency, Ketshabetswe said they have reached a great milestone in achieving their mandate of facilitation of foreign investment through creation of conducive environment of doing business in Botswana. He said good governance, peace, stable economy and political stability that Botswana had been enjoying for the past years had eased their work to attract investors. Additionally, he said MITI had ensured that the prevailing environment avails opportunities for both local and foreign investors to create sustainable wealth in the country.

Through some Batswana had been skeptical about the economic philosophy of foreign investment , Ketshabetswe explained that such fears are baseless since foreign investment plays pivotal role in accelerating the domestic economies of many African countries such as Botswana. He said foreign investment contributes to Gross Domestic Product (GDP) and it has the potential to diversify the economy of the country from the reliance of diamonds. He noted the country should have a strong economy which is diversified and private sector led with sustainable business opportunities and also have a broad platform that will give way for employment creation for Batswana.

He further said his ministry had facilitated a condusive environment for local manufacturers to ensure that their cost of doing business is relatively low culminating in fairly priced locally produced quality goods and services. In 2018, MITI introduced a statutory No.44 of 2018 which impose restriction of importation of selected goods from outside the country forcing the market to source the commodities locally. The instrument was introduced under the control of Goods, Prices and other Charges Act.

Through this statutory power, he said BITC had embarked on #PushaBW initiative which aimed at promoting the purchase of local communities. He said they have also encouraged local product and service providers to register for Economic Diversification Drive(EDD) programme to give them more advantages in tendering for government tenders.

For her part, Deputy District Commissioner for Kgalagadi, Segomotso Nkwane said government had demonstrated beyond reasonable doubt that youth are given the first priority in allocation of government funds. She said programmes such as Youth Development Fund (YDF) were designed for all youth to access capital to finance their business ideas. However, she decried lack of mentorship for youth entrepreneurs in Kgalagadi which result in collapse of many businesses which were funded through YDF. She called on beneficiaries of government empowerment programmes to take their projects serious and market their projects accordingly through utilization of internet connectivity in Kgalagadi. END

Related

Tags: BITCKgalagadi

Get real time update about this post categories directly on your device, subscribe now.

Unsubscribe
  • TDR 1000 returns February 3, 2023
    The Dakar Rally, considered as one of the toughest in many years, is now something of the past and South African Rally-Raid competitors proved their talent while local race vehicle manufacturers and constructors showed their worth and returned from […]
  • Orange splashes P15.4m on FA CupFebruary 3, 2023
    NANCY RAMOKHUA editors@thepatriot.co.bw Orange Botswana through the Orange FA Cup has renewed its sponsorship with Botswana Football Association (BFA) for an additional three seasons valued at P5 138 000 00, an investment increase of 17%. The renewed collaboration will […]
  • Sefalana posts P4.9 billion revenueFebruary 2, 2023
    BAKANG TIRO editors@thepatriot.co.bw Diversified retail giant Sefalana has posted impressive set of results for the half year period ended 30 October, with the company recording P4.5 billion in total revenue. Botswana Stock Exchange (BSE) listed home grown retailer released […]
  • BSB lists P1 billion bondFebruary 2, 2023
    NANCY RAMOKHUA editors@thepatriot.co.bw Botswana Savings Bank (BSB) has listed a bond worth P1 billion with the Botswana Stock Exchange (BSE). The bond note programme will give BSB access to capital and provide alternative funding, reducing dependency on short- term […]
  • Botswana, OPEC seal P1.2 billion loan dealFebruary 2, 2023
    BAKANG TIRO editors@thepatriot.co.bw The Minister of Finance Peggy Serame is highly confident that the P1.2 billion loan that Botswana has secured from the Organisation of Petroleum Exporting Countries Fund for the International Development Fund (OPEC) will boost the country’s […]
The Patriot On Sunday

© 2022 Copyright The Patriot On Sunday - Inspired by Search Mart.

Navigate Site

  • About Us
  • Advertise
  • Disclaimer
  • Contact Us

Follow Us

No Result
View All Result
  • Login
  • Sign Up
  • Cart
  • Home
  • News
  • Business
  • Lifestyle
  • Sport
  • Analysis & Opinions
  • Vacancies & Tenders

© 2022 Copyright The Patriot On Sunday - Inspired by Search Mart.

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?