BITC aims to expand Botswana’s export base

Figures availed by the country’s chief investment and export development agency also revealed that they recorded a total domestic investment of P2 billion over the same period against a target of P1.5 billion. Briefing the media recently, BITC CEO Keletsositse Olebile said their overall corporate performance was 89.7% a slight improvement from 86.6% attained last year.

“Investment for Botswana is quite favourable and the private sector is taking the services sector at a fast pace. We want to boost FDI promotion into strategic sectors such as agric-business, light manufacturing, medicals, automotive components, and electronics,” he said. In the reporting period, BITC assisted companies to create 5,668 jobs against a target of 2,000 jobs. The CEO said, during the 2021–2022 financial year, BITC continued to drive Botswana’s economic growth through the attraction and promotion of FDI into the country. “We also continue to carry out several initiatives targeted towards expanding Botswana’s export base in line with the country’s desire to be an export-led economy,” he said.