Private Sector Urged To Invest In Domestic Economy

The private sector has been urged to take advantage of the country’s infrastructural development and invest in the domestic economy by setting up businesses to create sustainable jobs for Batswana.

Minister of Finance and Development Planning, Kenneth Matambo made the call at a high level national symposium on sustainable finance that was held in Gaborone last week.

He said the private sector as a potential source of capital, comprises of pension funds, insurance funds, private equities, private foundations and capital markets.

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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