BITC restrains targets amidst COVID-19 crunch

Muted hopes: Selelo is still eyeing a positive year for investment promotion and exports
Muted hopes: Selelo is still eyeing a positive year for investment promotion and exports

covid19

Annually, the BITC, which is the country’s lead agency for attracting investment and promoting exports, increases its targets by a minimum of 10%. For the current financial year, which began in April, the BITC will keep to the same targets it had last year, executives said on Tuesday. In the year ended March 2020, the BITC attracted foreign direct investment worth P1.4 billion against a target of P2 billion. Further, the centre registered P1.6 billion in domestic investments against a target of P1.9 billion.

At least 4,288 jobs were created in the year to March 2020, against a target of 3,380.

Editor's Comment
Let the law take its course

When the news broke, a fierce debate ensued. While some members of the public believe that the law should take its cause, there is a section of the population that believes the move to detain the MP is politically motivated.Matsheka has been in the custody of the Directorate of Intelligence and Security since August 2 and the warrant of arrest was allegedly obtained on August 4, two days later.The issue of alleged ritual murders has never been an...

Have a Story? Send Us a tip
arrow up