Corruption biggest obstacle to doing business, BITC firms report
Friday, December 09, 2022 | 300 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.
That a single private law firm pocketed P6.5 million for just four cases, out of a total P11.1 million paid for 25 matters, reeks of a system that was not merely disorganised but open to abuse.Bayford has taken a welcome first step by telling the Public Accounts Committee the truth. Now he must act decisively to ensure it never happens again and that any money lost to wrongdoing is recovered.The figures are staggering. Whilst ordinary Batswana...