BNPC CEO urges entrepreneurs to be competitive
Lesang Maswabi | Friday March 17, 2017 16:15
He said this during a seminar organised by BNPC on the Botswana’s international competitiveness updates and the business environment status. The breakfast seminar was held on Tuesday at the Cresta Thapama Hotel.
Giving a presentation on the BNPC role in improving enterprise productivity, Molake said competitiveness comes from the business flexibility to access and sell goods locally, regionally and on the international market.
He said enterprises should start producing the right quality and quantity of goods and services, which would meet the standard requirement of the international and regional markets in order to generate more revenue.
“If companies are able to satisfy the local market through the provision of the right quality and quantity of products they can be able to compete on regional and international markets, which will boost the Botswana global competitiveness,” he said. Molake said companies should review their production processes in order to improve efficiency. “Improving the efficiency of production process will bring an opportunity to reduce the company’s waste and production cost,” he said. He also urged the local companies to be innovative, a move that could assist them to cut down production cost.
The BNPC executive director said government provides an enabling environment for local businesses.
He further said through the introduction of doing business reform roadmap and implementation plan the business regulations of the country are suitable for providing a conducive environment for doing business locally and across borders.
Molake said that even though the government can reduce regulations as to facilitate improved business environment it is up to the entrepreneurs to make the economy competitive thus stimulating economic growth. He added that enterprises should not only target the government when doing business, but also citizens and the external market. Molake also encouraged the Francistown City Council (FCC) to envisage on how Vision 2022 is going to contribute towards the environment of business competitiveness.
“It is good to go for foreign direct investment in order to stimulate the economy of the city, but let us not forget to encourage local investors,” he said.
He added that FCC should be able to help the local business community by improving and reinvesting in their enterprises. Molake said when improving indigenous businesses it would create more employment for the locals leading to sustainability.