Businesses urged to utilise trade agreements
Wednesday, August 23, 2017
Kenyan High Commissioner to Botswana, Ambassador Jean Wambui Kimani made the call at the official opening of the Botswana Consumer Fair in Gaborone on Monday.
She said businesspeople from the two countries should establish long-term networks to grow trade and investment, adding that robust intra-Africa trade is vital in achieving prosperity and growth amongst African states. “The relations between Kenya and Botswana are warm and characterised by historical ties that bind the people of the two countries,” she said. According to Kimani, the various memoranda of understanding (MoU) that the two countries have signed should give both Botswana and Kenyan companies the chance to access each other’s markets.
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...