Botswana advised to develop AGOA strategy

Lesotho Minister of Trade and Industry Coopetatives and Marketing Joshua Setipa
Lesotho Minister of Trade and Industry Coopetatives and Marketing Joshua Setipa

Botswana has a more competitive advantage over its sub-Saharan Africa counterpart countries when it comes to utilising the benefits of the African Growth Opportunity Act (AGOA), a Lesotho government official has said.

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.

Editor's Comment
Botswana at a critical juncture

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...

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