Corruption biggest obstacle to doing business, BITC firms report
Friday, December 09, 2022 | 260 Views |

At the helm: BITC CEO, Keletsositse Olebile has been eager to open markets for local firms’ exports PIC: MORERI SEJAKGOMO
The BITC’s survey was designed to gauge the investment climate for businesses that it supports, in the interests of increasing domestic investment and export earnings, while also promoting Botswana as a place to live, invest and work.
The survey, conducted amongst BITC-assisted and accredited companies, found that the major challenge mentioned by respondents was corruption perceptions, followed by cost of utilities, inefficient government bureaucracy and cost of inputs.
We are told of massive spin-offs for hosting countries, which we assume was the catalyst behind putting in the bid.We are not too sure if it is a one-size fits all, where any hosting nation reaps the benefits or it’s on a case-by-case basis.There are arguments from both ends, with hosting a sure way to accelerate infrastructure development and a guaranteed cash flow during the 30-days of the tournament.There is a bump in employment creation...