Gov�t wants investment facilitation law

Khama
Khama

With the goal of attracting more Foreign Direct Investment (FDI), government will come up with a law that will promote and facilitate investment in the country.

In his state of the nation address on Monday, President Ian Khama revealed that the government is considering the enactment of an investment facilitation law, which will establish an investment code for Botswana.

“The law will stipulate service standards and turnaround times for facilitating investors,” he said. In the past, there have been calls for the government to draw up investor-friendly policies that are aimed at attracting FDI inflows and expanding the country’s economic base.

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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