Gambling industry to stimulate economic development
Tuesday, February 25, 2025 | 470 Views |
Tiroyaone Ntsima speaking during the Big Africa Summit
Speaking during the Big Africa Summit recently, the Minister of Trade and Entrepreneurship, Tiroeaone Ntsima, said beyond revenue generation, the sector is set to contribute to employment creation and tourism promotion, solidifying Botswana's position as a key player in the African gaming landscape. The government has recently issued gambling licences, a move that is expected to stimulate industry growth and create more job opportunities. "These licences will also foster strategic partnerships with local and international stakeholders, encouraging knowledge exchange, and the adoption of best practices. Additionally, regulatory mechanisms will be strengthened to ensure the highest levels of integrity, consumer protection, and quality of life," he said.
Recognising the need for a streamlined regulatory framework, the minister said Botswana is currently reviewing its gambling legislation. This process aims to eliminate trade barriers, simplify investment procedures, and boost economic activity. "The country is repositioning itself as a hub for investment, innovation, and responsible gambling practices. The government has set clear priorities to ensure that the gambling industry remains a driver of economic growth whilst maintaining the highest standards of integrity, responsibility, and inclusivity," he said.
When the State cannot rely on its own machinery to pursue suspected wrongdoing, repairing that machinery must become a national priority.The establishment of a Special Investigations and Asset Recovery Task Force may help government respond to the immediate challenge. However, Botswana cannot afford to leave the Directorate on Corruption and Economic Crime (DCEC) and the Directorate of Public Prosecutions (DPP) struggling whilst building...