Govt Creates Conducive Business Environment

| April 21, 2015

Government is working hard to create a conducive environment for business development in the country, Minister of Trade and Industry, Mr Vincent Seretse has said.

Mr Seretse said this when delivering a keynote address at the Business Community meeting themed Rethinking and Fostering our Partnership a New Beginning in Gaborone on April 20 .

The meeting was meant to discuss issues of interest to both government and the private sector in terms of growing the country’s economy and creating employment, as a way of rethinking and fostering a new partnership for achievement of national goals of industrial development, economic diversification, employment creation and poverty eradication.

To date, Minister Seretse said, a White Paper on the Doing Business Reform Roadmap and Implementation Plan for Botswana had been submitted to Cabinet for approval.

He said the White Paper covered critical reforms in the areas of E-filling of Value Added Tax returns and E-payment facilitation of e-Commerce and e-Signature and establishment of a Regulatory Impact Assessment System to avoid unintended consequences of business regulations.

In addition, he said his ministry was also working with other government entities with a view to cleaning all laws and regulations that continued to hamper business in the country.

“We will not stop until we are confident that the doing business environment in this country is comparable to that of best ranking countries like Singapore, Malaysia and Scandinavian countries,” he added.

However, some of the challenges that the ministry faced in achieving this, he said included low productivity of workers mainly due to poor work ethics, the slow turnaround time andor difficulties in getting work permits, corruption and poor skills sets.

To address these challenges, the minister said, his ministry had since put in place measures and urged the private sector to also work together with government by coming up with honest and constructive suggestions and input that could be put in practice on how these challenges could be further addressed.

“As government, we are committed to our policy that private sector will be the engine of growth. In addition, as the Ministry of Trade and Industry, we would like to make it clear that we shall do all that is within our power to ensure that, as the private sector, you fulfill your role,” he said.

“We shall roll our sleeves and get our hands dirty to ensure we achieve our shared mandate of growing the economy of this country and creating empowerment,” he added.

Source : BOPA

Source : Botswana Daily News

Category: Business & Finance

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