Bullish prospects for the manufacturing sector

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Despite sluggish growth in the manufacturing sector in Botswana, the sector has potential to contribute towards economic growth and employment creation, Finance and Development Planning minister, Kenneth Matambo has said in his budget presentation on Monday.

For several years the manufacturing sector was earmarked as the principal sector through which the twin goals of economic diversification and employment creation could be achieved.

Matambo highlighted that through efforts by agencies such as Botswana Investment and Trade Centre (BITC), Government will continue to promote domestic and foreign direct investment into the manufacturing sector. Government will further provide targeted fiscal incentives to major manufacturing projects to enhance value addition and competitiveness of their products.

Editor's Comment
Has life become worthless?

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