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| Business Week
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Mogae Warns Of Hard Times Ahead
Government has admitted that the economy is facing a serious crisis.
President Festus Mogae conceded on Thursday that critics who say the economy is undergoing hard times are right. He said currently, the economy is experiencing economic challenges.ADB Promises Multi-Billion Dollar Assistance To SADC
The African Development Bank (ADB) has promised US$ 11 billion (about P60.1 billion) to Southern African Development Community (SADC). The financial assistance was announced by ADB ADB vice president, Theodore Kordo at the SADC summit in Gaborone last week. Big Business Reaps From SADC Summit
The just ended Southern African Development Community (SADC) Summit boosted the hospitality industry in Gaborone. All the leading hotels were fully booked during the three days of the summit.US-China On Verge Of Textile Deal
US negotiators say they are close to a textile trade deal with China, despite two days of talks ending without agreement between the countries.
Officials were optimistic that a deal could be reached after one more session of talks due in China later this month.
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