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Kromberg & Schubert warehousing facilities expanded

patriot by patriot
December 13, 2020
in Business
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Kromberg & Schubert warehousing facilities expanded
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… As BDC aids private sector growth

Botswana Development Corporation through its 100% subsidiary, Western Industrial hosted a ground breaking ceremony to mark the commencement of the construction for the expansion of warehousing facilities for Kromberg and Schubert.

BDC was approached by Kromberg, a car harnessing manufacturing company, for the warehouse expansion of 7320 square metres. Minister of Investment, Trade and Industry Peggy O. Serame officiated.

Kromberg and Schubert, an international player in electrical vehicle wiring manufacturing space, with over 118 years in the market, 50,000 employees and over 40 global locations; has by far created an excess of 2000 jobs for Batswana. Through this expansion project, close to 1,250 additional jobs will be created for the local market including additional construction jobs and other opportunities to further enhance the socio-economic benefits, especially under the current economic collapse that was brought about by the outbreak of the Covid-19 Pandemic.

Kromberg & Schubert has recently been awarded an additional contract which requires additional space to enable the fulfilment of their contractual obligations to its clients. After the completion of the project, the facility will allow Kromberg & Schubert to meet the market demand for its products.

Speaking at the ceremony, BDC Managing Director Cross Kgosidiile noted that “At BDC we are about high impact projects and we are proud to mention as we have made a P64 million investment into this expansion project. This follows another expansion project which we successfully launched in 2017, in which we had invested P36 million.’’

He acknowledged Botswana Investment and Trade Centre as their partner in the project and for having facilitated the acquisition of the land.

During her keynote address, Minister Serame highlighted the importance of infrastructural development in growing the local economy and the value of strategic partnerships between the Government and private sector, to work together and pull collectively in one direction. “With the prevailing conditions, the government is reliant on entities like BDC to bring in revenue and acceleration of private sector development in line with its mandate and strategic plan. This plan is supported by the need to invest in growth sectors and accelerate the implementation of the Economic Diversification Drive,” said Serame

She added that for Botswana to be a global competitor, the private and public sectors must be able to not only penetrate the local market, but also the regional and international markets, in order for Botswana to transform from being largely an importing and consuming country; to being a producer and an exporting country.

The minister implored BDC to continue delivering on its mandate as a trusted investment partner and driving towards realising our vision of becoming a high-income country, with an export-led economy underpinned by diversified, inclusive and sustainable growth driven by high levels of productivity, by the year 2036.

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  • Skelemani mishandled Kgosi Mosadi Pan African Parliament furoreMarch 22, 2023
    Adam Phetlhe The ravaging inferno sparked by the purported resignation of Kgosi Mosadi Seboko from the Pan-African Parliament (PAP) is fuelled by the Speaker of the National Assembly, Phandu Skelemani mishandling the matter. Had he performed due diligence on […]
  • Ithuba to roll-out LottoMarch 22, 2023
    STAFF WRITERS editors@thepatriot.co.bw Ithuba Solutions Botswana is waiting with bated breath for an announcement on the issuance of a lottery license, by the Gambling Authority, following the successful conclusion of negotiations in December 2022, The Patriot on Sunday has […]
  • BDP rejects Living WageMarch 22, 2023
    BAKANG TIRO editors@thepatriot.co.bw Ruling Botswana Democratic Party (BDP) MPs on Friday defeated the motion proposed by MP for Nkange constituency Dr Never Tshabang, proposing for government to introduce a living wage, which will be adjusted according to the cost […]
  • Uganda passes a law making it a crime to identify as LGBTQMarch 22, 2023
    Report by Elias Biryabarema Reuters Uganda’s parliament passed a law on Tuesday making it a crime to identify as LGBTQ, handing authorities broad powers to target gay Ugandans who already face legal discrimination and mob violence. More than 30 […]
  • Ian Khama to receive African Icon Award  March 22, 2023
    KT Press Former Nigerian President, Dr. Goodluck Ebele Jonathan will headline other African greats who are set to be honoured at the maiden edition of The African Heritage Concert and Awards slated to hold in Kigali, Rwanda on April […]
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