Botswana SMEs struggle to penetrate export markets
Friday, February 08, 2019
This is as a result of promoters’ poor quality of their products, lack of entrepreneurial skills, lack of finance and inconsistency in production. For the past decades, high numbers local SMEs have failed in their first phase of operation, which is normally the first three to five years. Those that survive usually continue to operate in conditions of uncertainty due to volatile market, intense competitive rivalry, lack of marketing skills, shortage of serviced land just amongst others.
According to LEA’s 2017/2018 annual report, SMEs continue to struggle to access markets for their products, owing to a number of factors like low product and service quality, preference of imports by some markets, incapacity and inconsistency in production and absence of deliberate policy instruments or mechanisms to protect the local suppliers.
The BDP as a party known to have ample resources has always held its primaries well in time, but this time around that was not the case. The first leg of the primaries was held last weekend, with the final leg being billed for the coming weekend. This time around, the BDP failed to shine in its primary elections. The elections were chaotic; most if not all polling stations didn't open at the specified time of 6am. Loyal BDP members braved the...