Vice president Mokgweetsi Masisi has said government will do all it can to reduce government bureaucracy, eliminate unfriendly business laws and regulations and leverage on the use of ICT applications. He was officially opening this year’s Global Expo which brought together close to 200 exhibitors on Thursday.
He said eliminating trading obstacles is part of the Doing Business Reform Roadmap for Botswana which is a benchmark for competitor countries are doing to improve investment climate. Masisi said he had hopes that initiatives in the Doing Business Reform Programme will lead to reduction in the cost and time of doing business and improve competitive edge of local businesses. Furthermore, Masisi said the country has invested in the East Africa Submarine Cable System which has resulted in expansion of connectivity to the region.
He said the government is also pursuing access to a West African Submarine cable which in two years will improve reliability and cost effective connectivity. The expo, which has been running since 2006 under the care of the Botswana Export Development and Investment Authority (BEDIA), is used as an opportunity for various businesses to showcase their products, interact with fellow businesses and to meet customers.
Masisi noted that the Expo therefore will maximise business exposure in the market, and afford them the opportunity to build new business relationships and introduce products in the market place. This year’s expo brought exhibitors from countries such as Mozambique, Namibia, Nigeria, Czech Republic, France and Hungary among many others. Minister of Trade and Industry, Vincent Seretse said the Global Expo is a vehicle that facilitates and stimulate intra-regional and international trade between Botswana and other trading nations.
Seretse also spoke about the Economic Diversification Drive (EDD) whose purpose is to promote the growth of globally competitive private sector. He said a total of P16.89 billion worth of goods and services were recorded since the inception of the initiative.