Ministry hosts pitso on diversification master plan

Staff Writer | Monday September 6, 2010 00:00

 

 According to ministry officials, today's meeting will focus on developing 'an overarching Economic Diversification Drive (EDD) Medium to Long-term Strategy and Master Action Plan.

In March, cabinet approved the ministry's short-term strategy and directed that a medium and long-term EDD be developed.  Official documents reveal that today's meeting is the result of efforts from 2009, driven by then Vice President Ian Khama, under the Ministerial Committee on Economic Diversification.

'This initiative is motivated by Government's huge import bill, which is estimated at an average of P15 billion per annum,' the ministry said.

It is expected that the EDD Master Plan will be packaged into a balance scorecard in order to facilitate effective implementation.

Today's meeting also aims to foster business linkages between SMMEs, mega projects and multi-national companies.