Botswana’s President Mokgweetsi Masisi has announced that his administration intends to lure more foreign direct investment into the country.
Addressing members of the country’s apex trade and industry body, Business Botswana recently at the 44th meeting of High Level Consultative Council (HLCC) in the capital Gaborone, Masisi said Botswana intends to establish consolidated boards of investment to ensure all requirements of investors are effectively met.
Masisi said the government institutions charged with attracting FDI are expected to work in cohesion. Botswana has recently launched a Botswana One Stop Service Centre (BOSSC) in a bid to improve the country’s ease of doing business.
“We also wish to build on the recent success of the Botswana One Stop Service Centre and provide it with the requisite resources including all the seconded staff required from relevant ministries so that it may service investors with high levels of effectiveness and efficiency,” said Masisi.
The World Bank’s 2018 report saw Botswana’s ranking in the ease of doing business plunge from position 71 to a lowly position of 81 out of 190 countries.