The Botswana Export Development and Investment Authority (BEDIA) held an investment forum for the Swedish business delegation in Gaborone on Thursday. This was an effort to share business opportunities in different sectors of the economy.
Companies in three sectors ÔÇô energy, transport, and communication ÔÇô were there as part of those which government is focusing on towards a regional business hub.
BEDIA Chief Executive Officer, Jacob Nkate, said BEDIA facilitates foreign and domestic investment in Botswana through a number of services. He, however, pointed out bottlenecks they confront daily, which he said “are addressed quickly and as practically as possible”.
The Swedish Trade Council partnered with BEDIA at the investment forum. According to Nkate, the partnership between the two organizations shows more business relationships will be established between the two business communities.
He, however, stated that Botswana is faced with various challenges such as the inability to penetrate some established foreign markets. He said the forum is a step forward towards advocating for partnership with other visitors from the developed world.
“Botswana offers various incentives crucial to business development and they should be of maximum use and benefit,” said Nkate.
He said BEDIA is designed to assist in developing international market entry strategies that identify the objectives, resources or policies that will in turn assist participating companies develop their sustainable international business focus.
He stated that business can help ensure that markets, commerce, technology and finance advance in ways that benefit economies and societies everywhere.
Nkate said there has been growth in the establishment of new companies that contribute to sustainable development. He urged the business officials and authorities to manage the global and local challenges they are faced with.
“Collaboration based on long term commitment in a wide range of sectors, common interest and shared responsibilities are good for sustainable growth and we are in line with the implementation of the National Export Strategy,” said Nkate.
Among other things, rural electrification in Botswana, sustainable transport and financing for investment in Southern Africa were also discussed. Companies that took part included Scania, Volvo, Atlascorp, Unipower, Aura light, and Botswana Power Corporation.
BEDIA last year unveiled Brand Botswana Trademark Certificate, which secures investment in marketing effort and promotes the customer loyalty and image of companies.