Restrictions may hamper FDI growth � Jefferis

Friday, May 06, 2016

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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