Mmegi Online :: We will cut red tape in business, Khama pledges
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Friday 07 December 2018, 14:23 pm.
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We will cut red tape in business, Khama pledges

FRANCISTOWN: President Ian Khama has told the 14th National Business Conference (NBC) that his government would promote effective regulations and private property rights to ensure businesses are not hobbled by red tape.
By Ryder Gabathuse Chakalisa Dube Tue 13 Sep 2016, 18:00 pm (GMT +2)
Mmegi Online :: We will cut red tape in business, Khama pledges








Officially opening the biennial NBC, which brought together the captains of industry, Khama said: “Government is implementing a doing business reforms roadmap and action plan with a view to addressing administrative, legal and structural bottlenecks”.

The theme of the three-day conference, which ends today is ‘Botswana at 50: Celebrating success and strengthening the public private sector partnership for sustained prosperity’. Khama boasted about the record in managing the economy judiciously and prudently during the last 50 years, the stable multiparty democracy and a good and independent legal system.

He, however, warned the conference delegates never to rest on their laurels simply celebrating past achievements. “We have no other option but to set our sights on another 50 years of a positive socio-economic trajectory that will give impetus to transformation towards a vibrant, diverse and resilient high income economy.”

Khama told the conference that the fundamental question to address as stakeholders is: “What is the correct path to position Botswana on a high, stable non-inflationary and diversified economic growth?” The government’s view is that the private sector has a central role in the pursuit of economic transformation.

The President also said that to further modernise the economy and position it as a global competitor, “We will open up the provision of public utilities such as water and power as well as delivery of road infrastructure projects to private capital”.

Khama’s government has taken the initiative to strengthen the capacity of the public private partnerships (PPP) structures such that the PPP model to tap in the discipline that the market brings in respect to delivering projects within budget and on time.

“I wish to remind this conference that we have no choice but to raise labour productivity

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in order to answer the fundamental question that I raised earlier on finding the correct trajectory into a higher standard of living,” said Khama.

He categorically made it clear that in talking about productivity he was not singling out factory workers but was referring to all workers in the economy from the unskilled to the chief executive officers.

He highlighted that if workers become more productive, they produce more wealth and this in turn leads to greater availability of resources for saving, investment and jobs.

He also noted the European Union (EU)/Southern African Development Community (SADC) Economic Partnership Agreement (EPA), which guaranteed the region duty- and quota-free export market access.

“We will do our part as government to engage with our United Kingdom and EU partners to address any uncertainty that may hinder our export,” Khama told the conference.

The NBC conference was also reminded about the extension of the African Growth Opportunities Act (AGOA) by 15 years, which also offers quota- and duty-free access to the U.S market.

He challenged stakeholders to raise the bar to attract Foreign Direct Investment (FDI) in the manufacturing sector specifically.

In order to take full advantage of AGOA and other lucrative export markets, Khama indicated that his government has established the Special Economic Zones Authority (SEZA).

The conference heard that to create opportunities for young people to venture into business, the government has greatly liberalised the licensing legislation for micro enterprises as a way of reducing their operating costs and also broadening economic opportunities.

One of the major steps that Khama’s government would be embarking on is to ensure that the youth businesses are formally recognised and are issued with all the necessary licences  to bid for formal contracts.

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