Botswana advised to develop AGOA strategy
Wednesday, April 20, 2016
Speaking yesterday at a seminar aimed at sensitising the business community and the civil society on the new AGOA legislation (2015-2025), Joshua Setipa, who is Lesotho’s Minister of Trade and Industry, Cooperatives and Marketing said Botswana needed to focus on a number of elements in order to fully benefit from AGOA, including coming up with a national strategy.
He stated that for Botswana to boost its participation under AGOA, it should increase its local participation and involvement in industry.
While the political shift brings hope for change, it also places immense pressure on the new administration to deliver on its election promises in the face of serious economic challenges.On another level, newly appointed Finance Minister Ndaba Gaolathe’s grim assessment of the country’s finances adds urgency to the moment. The budget deficit, expected to be P8.7 billion, is now anticipated to be even higher due to underperforming diamond...