Formation of Special Economic Zones gathers pace
Friday, June 19, 2015
The objective of the Bill is to establish a public enterprise known as the Special Economic Zones Authority (SEZA).
SEZA will be responsible for creating special economic zones that will make Botswana the most preferred location for both domestic and foreign (direct) investment and for providing confidence to investors.
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...