Botswana businesses more optimistic than peers
Wednesday, February 25, 2015
This is despite the general fall in confidence globally with the uncertainty weighing heavily on business growth prospects. The report stated that Botswana, which is the only African country on the top list, ranked position seven with a business confidence of 54 percent. The most optimistic country in the top ten was India with a confidence rate of 98 percent followed by Ireland of 82 percent. Germany was the tenth most optimistic country with a rate of 51 percent. A total of 35 countries were surveyed in the index.
Under the surveyed categories, Botswana ranks top in businesses expecting an increase in investment over the next 12 months. Furthermore, over the same period, 68 percent of businesses in Botswana are most likely to increase their staff headcount.
While his leadership has brought about significant progress and development, it is imperative that he exercises greater caution in his choice of words, particularly when addressing sensitive matters.One of the primary concerns is the potential impact of his remarks on Botswana’s relationship with De Beers, the diamond mining giant that plays a crucial role in the nation’s economy.The partnership between Botswana and De Beers has been mutually...