{"id":43215,"date":"2024-02-06T17:36:58","date_gmt":"2024-02-06T17:36:58","guid":{"rendered":"https:\/\/www.africa-press.net\/botswana\/?p=43215"},"modified":"2024-02-06T16:13:37","modified_gmt":"2024-02-06T16:13:37","slug":"business-environment-transformation-crucial-for-economic-growth","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/botswana\/all-news\/business-environment-transformation-crucial-for-economic-growth","title":{"rendered":"BUSINESS ENVIRONMENT TRANSFORMATION CRUCIAL FOR ECONOMIC GROWTH"},"content":{"rendered":"

Africa-Press – Botswana. <\/strong><\/span>Reforming the business environment is crucial for fostering economic growth, attracting investment, promoting entrepreneurship as well as supporting value chain development.<\/b><\/p>\n

This was said by Minister of Finance, Ms Peggy Serame delivering the budget speech in Parliament yesterday.<\/p>\n

Ms Serame said a development budget of P2.11 billion was therefore proposed to support the private sector through business environment reform and value chain development in the 2024\/2025 financial year.<\/p>\n

\u201cThis requires a multi-faceted approach that addresses regulatory efficiency, financial accessibility, market competition, infrastructure development, and governance standards,\u201d she said.<\/p>\n

She said opportunities existed in the country\u2019s domestic value chains, which comprised mineral beneficiation, tourism, food processing, education, agribusiness including horticulture, cattle, small stock, finance and indigenous products.<\/p>\n

Moreover, the minister said the ratification of the African Continental Free Trade Area (AfCFTA) agreement in February last year affirmed Botswana\u2019s dedication to the historic continental initiative which opened the doors for the private sector to participate in the growing Continental Free Trade Regime, providing access to a market comprising 1.3 billion people.<\/p>\n

\u201cTherefore, it is paramount that our private sector seizes golden opportunities presented by the AfCFTA agreement and become competitive in regional value chains and cross border trade,\u201d she said.<\/p>\n

She further said the Botswana Exporter Development Programme (2020-2024) would continue to build the capacity of the local private sector to produce goods and services that were competitive in international markets.<\/p>\n

She also revealed that government would undertake a comprehensive review of business support products and funding models with a view to provide innovative and tailored financial solutions for the private sector to address the current implementation challenges, emerging issues and gaps that affect businesses at different stages of development.<\/p>\n

For More News And Analysis About Botswana<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Botswana. Reforming the business environment is crucial for fostering economic growth, attracting investment, promoting entrepreneurship as well as supporting value chain development. This was said by Minister of Finance, Ms Peggy Serame delivering the budget speech in Parliament yesterday. Ms Serame said a development budget of P2.11 billion was therefore proposed to support […]<\/p>\n","protected":false},"author":84,"featured_media":43214,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,7],"tags":[233,237,234],"class_list":["post-43215","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-head-lines","tag-africa-press","tag-africa-press-botswana","tag-botswana"],"yoast_head":"\nBUSINESS ENVIRONMENT TRANSFORMATION CRUCIAL FOR ECONOMIC GROWTH - Botswana<\/title>\n<meta name=\"description\" content=\"Reforming the business environment is crucial for fostering economic growth, attracting investment, promoting entrepr ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/botswana\/all-news\/business-environment-transformation-crucial-for-economic-growth\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"BUSINESS ENVIRONMENT TRANSFORMATION CRUCIAL FOR ECONOMIC GROWTH\" \/>\n<meta property=\"og:description\" content=\"Reforming the business environment is crucial for fostering economic growth, attracting investment, promoting entrepr ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/botswana\/all-news\/business-environment-transformation-crucial-for-economic-growth\" \/>\n<meta property=\"og:site_name\" content=\"Botswana\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2024-02-06T17:36:58+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/botswana\/sites\/38\/2024\/02\/sm_1707223276.903138.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/business-environment-transformation-crucial-for-economic-growth#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/business-environment-transformation-crucial-for-economic-growth\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/botswana\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"BUSINESS ENVIRONMENT TRANSFORMATION CRUCIAL FOR ECONOMIC GROWTH\",\"datePublished\":\"2024-02-06T17:36:58+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/business-environment-transformation-crucial-for-economic-growth\"},\"wordCount\":297,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/business-environment-transformation-crucial-for-economic-growth#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/botswana\/sites\/38\/2024\/02\/sm_1707223276.903138.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Botswana\",\"Botswana\"],\"articleSection\":[\"all news\",\"economy\",\"head lines\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/botswana\/all-news\/business-environment-transformation-crucial-for-economic-growth#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/business-environment-transformation-crucial-for-economic-growth\",\"url\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/business-environment-transformation-crucial-for-economic-growth\",\"name\":\"BUSINESS ENVIRONMENT TRANSFORMATION CRUCIAL FOR ECONOMIC GROWTH - 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