Following Yvonne Chaka Chaka’s show at the Botswana Craft a fortnight, I have come across an article or two that sing praises for the once popular Princess of Africa. Granted, it must have been nostalgic for some of the revellers to attend her show; some possibly for the first time.
In South Africa, the country’s deputy President David Mabuza seems to be in the hot seat given the land reform that the neighbouring country has recently initiated. The same cannot be said about his Botswana counterpart – Slumber Tsogwane.
While there are indications that the country’s Small, Medium and Micro Enterprise (SMMEs) gets an increasing attention given their role of fostering economic growth, the sector is still faced with a host of problems which lead to their failure rate remaining high.
Through most of the last several years, there has been one near certainty in Botswana whenever key national economic indicators stats are shared. It was this – Foreign Direct Investment (FDI) eludes Botswana. Throughout the same years, the country continued to wobble in attracting Foreign Direct Investment despite is international good ratings.
This commentary will certainly make us look or sound like economic doom-Sayers. But atleast the reality on the ground will save us from that label. The reality is that the popular Economic Stimulus Programme (ESP) that former President Ian Khama first announced in September 2015 and later launched in Machaneng village in February 2016 failed in almost all aspects.
The national power utility company - Botswana Power Corporation (BPC) is currently fighting a losing battle against criminals who are vandalizing its infrastructure. The situation is bleeding the corporation millions of pula and further affecting its services to customers.
A registered in decline on consumption of some of the products and services offered by local companies from various sectors have been attributed to reduced government spending over the past year.
Young farmers across the globe have taken up the challenge of continuing their family agribusiness. To be successful, this generation also applies clever strategies to counter misconceptions, generate society’s trust and stay connected.
The headline inflation was steady in July at 3.1 percent, same rate as the previous month. The low inflation environment is seen as side effects of subdued domestic demand.
MALWELWE: Members of the Letlhabile Development Trust in Malwelwe village, who earlier this year spent a week training at National Food Technology Research Center (NFTRC) in Kanye remain idle as there is no plot of land where the group can show case what they learnt.
The team has been trained on food handling, processing and marketing.