Dubai Expo yields desired results
Monday, August 29, 2022 | 740 Views |
Trunklinah Gabonthone at BITC Dubai Expo 2020Business Brief
According to the Botswana Investment and Trade Centre (BITC) Executive Director Export Development and Promotion, Trunklinah Gabonthone, the return on investment is already realised noting that they managed to attract a company which has invested P50 million. Sheetal BW is a company which is in the diamond polishing and cutting industry and has already employed about 68 people.
“Government spent P10 million in the Dubai Expo participation and already the investment that is coming into the country is bigger,” she said. The two additional companies in the diamond polishing and cutting industry, Dianco Diamond and Parishi Diamond Botswana, are currently completing setting up post the Dubai Expo 2020. Both companies are to start operating in September. “We are also in communication with other companies, which have expressed interest in investing in the country.
While the minister is of the view that the proposal would have significant positive economic impact, the entertainment industry players believe otherwise. The issue has over the weeks become a hot potato. But what is of essence right now is that the country needs liberal ideas to move in the right direction While opening up the economy may sound quite interesting to the ear, rolling out extended trading hours through pilot programmes without...