Botswana Investment and Trade Centre (BITC) have joined hands with the Francistown City Council (FCC) in planning for the anticipated Investment and Development Pitso to be held in the second city.
James Kgalajwe, the mayor of FCC confirmed the development when addressing the last full council session for the financial year 2013/14 in Francistown on Monday.
“Botswana Investment and Trade Centre has come on board to help us (FCC) organize an event of an international standard,” said Kgalajwe when announcing that the Investment and Development Pitso for Francistown has been further postponed.
The investment and development Pitso was initially scheduled for last September but was pushed to end of next month (March 26th and 27th) this year.
However, it has been further postponed to a yet to be confirmed later date.
“Hopefully, all will be planned well for the event to be successful,” Kgalajwe expressed amid a thunderous round of applause from the council chamber.
Kgalajwe said the postponement followed some extensive consultations with the government through the Trade and Industry Ministry as well as other stakeholders.
“Trade and Industry Ministry advised us not to rush this Pitso,” said Kgalajwe, adding that the idea of delaying the Pitso was necessitated by the fact that it might end up not achieving the intended goal.
The intentions of the Pitso is to find possible opportunities that can exist in Francistown at the same time inviting potential investors to the country’s second largest city.
Indications are that the Francistown’s Investment and Development Pitso will be attended by international investors.
“It is our hope that the Investments and Development Pitso will address some of the economic challenges affecting Francistown,” said a hopeful Kgalajwe.
For his part, FCC Principal Public Relations Officer Joseph Modise Wasubera said recent meetings with BITC and Selibe-Phikwe Economic Diversification Unit (SPEDU) has opened the eyes of the organizers of the Pitso.
Wasubera said the BITC has introduced new and imperative ideas that could see the Pitso degenerating into a big event.
Efforts to get a comment from the BITC officials drew a blank as their phones at the newly opened centre rang unanswered.
BITC, a service excellence driven organization, was formed in April 2012 to serve as a primary investment and trade promotion authority with its focal point being investment, export development and nation branding.
According to its website, BITC is an organization that puts international best practices ahead of all its operations to ensure global competitiveness.