Huge import bill shows weakness of domestic industry – Seretse

Seretse
Seretse

The Minister of Trade and Industry, Vincent Seretse has said Botswana needs a robust business community willing to take calculated risks in building enterprises that can create more jobs.

Addressing participants at an SMME Pitso organised by the Local Enterprise Authority (LEA) yesterday, Seretse noted that the significant growth of the import bill, which currently stands at P68 billion, is a clear indication that Batswana are not self reliant as a country.

“Some of the commodities that are ‘quick wins’ suitable for our environment can be produced locally. Raw materials are available, there is reasonable cost of production and demand locally,” he said.

Editor's Comment
Shame on the Police!

According to a press statement from the police, unidentified armed men attacked on duty police officers at the station in the early hours of Tuesday.During the attack, the suspects stole 14 riffles, five pistols and an undisclosed number of ammunition.Although unconfirmed, it is alleged that the suspects were just carrying knives and axes, which they used to scare the men and women in uniform before they took them hostage to help themselves to...

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