BITC parts ways with Sejoe
Pauline Dikuelo | Thursday March 2, 2017 19:00
According to a statement from BITC, the board has appointed Meshack Tshekedi as the acting CEO effective yesterday.
Tshekedi has been the chief operations officer of BITC, a position he assumed in March 2015.
“The board of directors wishes to inform you of the conclusion of the chief executive’s three year contract of employment with BITC on February 28, 2017,” reads a statement from chairman, Victor Senye.
“The board would like to recognise and express gratitude for Mr Sejoe’s selfless commitment and contribution towards delivery of the organisation’s mandate since its inception in April 2012. The board wishes him every success in his future endeavours,” added the statement.
Sejoe leaves at a time when there is a restructuring exercise taking place at the parastatal. The CEO last November was blasted by a Parliamentary committee which uncovered credit card abuse among executives. In an interview with Mmegi Business, the outgoing CEO said he is leaving the parastatal a happy person, as there was a mutual understanding between the two parties.
“I am leaving as a happy man as there was a mutual understanding between both parties,” he said.
Following the establishment of BITC in 2012, Sejoe was appointed by the board of directors to act as CEO. He was then confirmed substantive CEO in 2014.
Upon the appointment to his new role as the head of Botswana’s national investment and trade promotion agency, Sejoe was expected to not only drive the country’s economic growth through attraction of foreign direct investment (FDI), domestic investment, but to also spearhead the growth of Botswana’s exports.
According to BITC’s 2016 annual report, they achieved an overall annual organisation performance of 90% on the corporate scorecard “despite intensified international competition for FDI”.
Their targeted investment promotion efforts resulted in a total capital investment amounting to P3.12 billion exceeding the annual target of P1.6 billion.
From the total capital investment achieved, FDI companies contributed P1.49 billion while business expansions and domestic investments contributed P377 million and P1.25 billion respectively.
Total employment of 1,703 jobs resulted from these investments.
BITC says its export portfolios exceeded its target of P2 billion reaching a total generated export value of P2.1 billion contributed by 44 BITC client companies exporting 36 product lines.