World-renowned firms, such as Deloitte, are vital to the direct and indirect growth of the Botswana economy and could play an important role in promoting and enhancing regional integration, said Kenneth Matambo, Minister of Finance.
Matambo said that “the ties that Deloitte has with Botswana and the contribution the firm made in developing and training professional accountants and consultants, now engaged and practicing in all sectors of the economy, are indicative of the role that independent professional firms such as Deloitte have played in developing and supporting a sustainable national economy”.
“The investment in growing the Deloitte Botswana footprint is important in increasing our global traction as a country. It will serve as a gateway for enhanced knowledge sharing in the professional services arena and Botswana will also benefit from access to the global Deloitte network,” said Matambo. “Weakness in the service sector in which professions such as accountants and engineers function impede growth.”
However Matambo said where strong relationships exist between professional support services and business, productivity and growth generally improve. Additionally, he said Regional integration now needs to be a focus of southern Africa.
Matambo said Botswana is proud to be associated with the Deloitte brand which has become synonymous with excellence, insight and innovation.
“We look forward to leverage off their networks to increase opportunities to grow our country’s strength in regional integration and interconnectedness. As Botswana continues to compete with other countries in the continent to strengthen Botswana brand of excellence,” he said.
Matambo added that the firm has been exemplary and that its achievement can serve as an inspiration to other firms and emerging citizen-owned companies.
Deloitte has grown from a traditional Audit firm to being a multidisciplinary firm offering a variety of services, including Audit, Taxation, Management Consulting and Risk Advisory and recently introduced Actuarial and Insurance Solution Services.
Matambo urged Deloitte, and the business community as a whole, to continue intensifying their effort in expanding business operations and continue to respond in meeting Botswana’s national economic and social development goals of growth, economic diversification, employment creation and poverty reduction.