Power shortages weigh on business confidence

Boiler failures at Morupule B Power Station have caused sporadic electricity outages
Boiler failures at Morupule B Power Station have caused sporadic electricity outages

The prevailing power and water shortages have been placed high on the list of plethora of challenges weighing down on businesses’ level of optimism in 2015.

A survey conducted by the Bank of Botswana (BoB) reflects an increasingly challenging operating environment, with more than half of business owners more pessimistic about their prospects on the back of weak domestic demand, shortages of skilled manpower, and water and power shortages.

According to the Business Expectation Survey (BES) released by the BoB this week, the level of optimism as measured by the Business Confidence Index (BCI) deteriorated from 52 percent in September 2014 to 44 percent in March 2015.

Editor's Comment
Happy Independence!

We are 56 years old and what do we have to show for it? Looking at where Botswana started and where it is today, there are a lot of developments, but whether the developments match the number of years we have enjoyed as a country is a topic for another day.The fact that cannot be denied is we have seen major developments, but we are still lacking in several pertinent areas.Our beautiful country imports almost everything. We import fuel, food,...

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