Govt works on citizen economic empowerment law

The law will facilitate the process of giving Batswana a larger stake in the economy. The Minister of Finance and Development Planning, Kenneth Matambo, revealed on Monday that after approval by Parliament, the policy will commence and an assessment of any further improvement, including a need for enactment of a citizen economic empowerment law, will be made on the basis of experience gained during implementation.

Matambo told Parliament that a consultancy report identified a need for the development of an overarching CEE policy instead of a law to address issues raised in the study. "My ministry has since developed a draft CEE policy, which was approved by Cabinet on February 2012 subject to some improvements to be submitted to cabinet for final endorsement. This will be made on the basis of experience gained during implementation," he said.