"The time has come to address the remaining constraints to broad-based investment," she said last week at the official opening of the just-ended Global Expo.
She said the cost of doing business in Botswana is high compared to other landlocked countries. At international level, she said Botswana scores highly in indicators of competitiveness such as economic freedom, ease of doing business, global competitiveness, and corruption perception index. But despite these impressive scores, challenges remain in attracting FDI. Mohohlo advised businesses that in their lobbying, production costs reduction should not mean that they seek generous subsidies or imposition of additional obstacles that favour a particular interest group. "Equally important, businesses should always look up to the government for solutions to their problems, as such an approach tends to entrench a culture of dependency."The governor said business should embrace the benefits that accrue from increased productivity in a global economic environment because "it is only this path that will sustain our country's long-run broad-based economic and social prosperity".
