Assistant Minister of Trade and Industry Vincent Seretse this week urged potential investors from Mauritius to take advantage of Botswana’s business environment and invest in the country.
Seretse was addressing a Mauritius business delegation which had attended a seminar organized by Botswana Export Development and Investment Authority (BEDIA).
The Mauritian delegation comprised of investors in the fields of hotel and tourism, property and real estate, financial services, ICT and BPO, manufacturing, agro and agribusiness, logistics and distributions, health & wellness and construction & infrastructure.
He told the visitors that Botswana had a sound investment climate and that BEDIA had been set up to promote investment in the country.
“The authority operates a one stop service facility which ensures that all clearances, residents permits, work permits, land issues and other services are obtained with minimal delays for existing and new enterprises. In addition BEDIA is tasked with identifying markets for locally manufactured products, and often conducts a number of trade missions every year to expose local suppliers to strategic markets around the world,” he said.
Seretse further praised Mauritian companies operating in Botswana for the value they continue to add in the country’s economy. “There are six companies from Mauritius that have invested in apparels, rubber and rubber products, plastic and jewelry projects. These companies have invested about P107 million and employ about 481 people. Some of these companies have been in Botswana for many years and have enjoyed government support such as subsidized loans at CEDA and entrepreneurial training at LEA which has ensured their sustainability,” he said.
In terms of trade particularly for the past five years, Seretse said, Botswana imported goods worth P29.9 million in 2006 from Mauritius.