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Restrictions may hamper FDI growth � Jefferis

Jefferis
Jefferis

The recent restriction of foreign participation in the Botswana Telecommunications Corporation Limited (BTCL) initial public offering (IPO) is likely to hamper the growth of foreign direct investment (FDI) in the country, a prominent economist has said.

Managing Director of Econsult Botswana, Keith Jefferis noted in an economic review for the first quarter of 2016 that the way in which the privatisation of BTCL was conducted was in conflict with the official privatisation policy.

“We note that the partial privatisation restricted participation to citizens, citizen-owned companies and local asset managers,” he said.

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Editor's Comment
Celebrate responsibly, put safety first this holiday

“Safety first is safety always”– Charles M HayesAs most people begin travelling across the country to spend the President’s Holidays with family and friends, there is every reason to embrace the joy and togetherness that this period brings.While holiday periods bring joy, they are sadly often accompanied by a rise in road accidents, violent incidents and other avoidable tragedies. Too often, families that set out to celebrate together end...

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