Minister of Trade and Industry, Dorcas Makgato-Malesu this week reminded stakeholders that investment and trade promotion for any given country relies on their collaborative efforts.
Makgatho Malesu was officiating at the launch of the Botswana Investment and Trade Centre’s (BITC) corporate and brand strategies.
She commended the BITC board of directors for the successful implementation of the merger of Botswana Export Development and Investment Authority (BEDIA) and Botswana International Financial Services Centre (IFSC) in the shortest time.
“It is about coming together with our individual mandates and roles both within government and the private sector to complement one another in completing the value chain of providing investors with the desirable conducive business environment, legal framework and the most convenient platform for doing business,” she said.
The Minister said BITC’s focus augmented the mandates of other institutions within her ministry such as Selebi Phikwe Economic Diversification Unit (SPEDU) and Botswana Development Corporation (BDC) and was also aligned to the goals of key national policies and strategies such as the Economic Diversification Drive, NDP10 and Vision 2016.
She said BITC had taken a different form and was being driven by an altogether different organisational culture.
Makgato-Malesu said the former entities contributed to the improvement of the country’s investment climate, which would remain one of BITC’s major focus areas going forward.
She pointed out that since its inception in 1997, BEDIA had managed to attract and facilitate more than P3 billion worth of FDI into Botswana, creating 16 160 jobs, whilst IFSC, which was established in 2003, attracted a cumulative P13 billion worth of FDI and created 300 jobs.
By merging the two organisations, Malesu said, the focus was to establish an entirely new organisation from the former entities that would, among other things, be aligned to the country’s economic diversification agenda, she said.