BITC woos multimillion pula investments :: Mmegi Online

The Botswana Investment and Trade Centre (BITC) says it has picked investment leads worth millions of pula at the ongoing Dubai Expo, including an expression of interest by the Shaikh Hussain Finance House to avail $50 million (P591 million) for funding business across all sectors.

The BITC had targetted raking in P180 million in investment deals at the six-month expo, which will reach its halfway point at the end of December.

Briefing journalists on the investment agency’s progress thus far, BITC chief executive officer, Keletsositse Olebile said another company, the Sheetal Diamond Company, had also shown interest in setting up a diamond cutting and polishing facility in Botswana. He said the company has already secured a factory shell to start operations in early 2022. Sheetal expects to invest $5 million (P59.2 million) and intends to create 150 jobs.

Already have an active account? Log in here.

Or Sign up and get unlimited access to premium articles.