BITC surpasses FDI attraction target

Sejoe
Sejoe

Botswana Investment and Trade Centre (BITC) says it has raised total investment of almost P3.2 billion against a target of P1.16 billion, in the year up to March 2015.

According to the investment agency’s 2014/15 annual report, foreign direct investment (FDI) companies raised P1.5 billion with business expansions contributing P1.4 billion and domestic investment valued at P238.4 million during the financial year.

Total capital investment was realised in several sectors including manufacturing, business and financial services, retail, automotive component manufacturing, agriculture, mining, engineering and construction.

Editor's Comment
No room for perjury

It seems some government accounting officers, sworn to tell "the truth, the whole truth, and nothing else but the truth" before Almighty God, may have deliberately lied during the committee’s vital work. If proven, this is not merely unprofessional; it is perjury, a serious criminal offence and it strikes at the very heart of responsible government.The PAC’s role is fundamental. After each financial year, it painstakingly examines how public...

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