Gov�t wants investment facilitation law
Thursday, December 08, 2016
Khama
In his state of the nation address on Monday, President Ian Khama revealed that the government is considering the enactment of an investment facilitation law, which will establish an investment code for Botswana.
“The law will stipulate service standards and turnaround times for facilitating investors,” he said. In the past, there have been calls for the government to draw up investor-friendly policies that are aimed at attracting FDI inflows and expanding the country’s economic base.
Whilst celebrating milestones in inclusivity, with notably P5 billion awarded to vulnerable groups, the report sounds a 'siren' on a dangerous and growing trend: the ballooning use of micro-procurement. That this method, designed for small-scale, efficient purchases, now accounts for a staggering 25% (P8 billion) of total procurement value is not a sign of agility, but a 'red flag'. The PPRA’s warning is unequivocal and must be...