Business Botswana has said it is hopeful that his government will usher in significant policy reforms aimed at enhancing economic recovery, improving governance, and creating an environment conducive to business growth.
“In this period of transition, businesses are looking for consistency, clear communication, and policies that advance stability,” said Business Botswana
Among the key expectations from the private sector are, reduction of Bureaucratic Barriers: The private sector seeks a more streamlined and efficient regulatory environment, with reduced red tape that impedes business growth and innovation.
Business Botswana is looking forward to “Enhanced Transparency and Predictability: Clear and predictable government policies are essential for businesses to plan, invest, and grow.”
It also demands commitment to Economic Sustainability and Fiscal Discipline. “ A focus on long-term economic sustainability, balanced fiscal management, and inclusive growth is vital for the prosperity of the economy.”
“We urge the new administration to prioritise platforms for regular dialogue between the government and businesses, enabling a constructive exchange of ideas to shape policies that benefit both sectors. We also advocate for policies promoting innovation, infrastructure development, and job creation, as these are critical pillars for ensuring a robust economy,” said Business Botswana.
Business Botswana says “As a key partner in Botswana’s economic growth, Business Botswana strongly supports the government’s commitment to combating corruption. We are particularly encouraged by President Boko’s stance on ethical governance, which aligns with our advocacy for responsible business practices.”
Business Botswana’s Private Sector Code of Conduct serves as a testament to their commitment to maintaining high ethical standards.
“We believe this code should be integrated into procurement procedures, and we look forward to collaborating with the government in the fight against corruption,” said Business Botswana.
It says the private sector continues to face several challenges, which, if addressed, will significantly improve the business environment and unlock new growth opportunities.
These include: improvement of the Business Environment: Reducing over-regulation and creating a more business-friendly climate, effective Policy and Project Implementation and ensuring the effective, efficient, and high-quality implementation of both public and private sector projects.
Sector-Specific Challenges: Business Botswana wants the new government to address issues within key sectors such as construction, petroleum, catering, tourism, agriculture, and services.
Regulatory Impact Assessment (RIA) Compliance: Promoting adherence to the Regulatory Impact Assessment process to ensure better decision-making.
Cost of Compliance with Land Leases/Concessions: Addressing the increasing and often unrealistic costs of compliance, particularly related to land leases and concessions. We believe that these issues must be addressed to create a more conducive environment for business, drive investment, and accelerate the country’s economic growth.
“As Business Botswana, we reiterate our unwavering commitment to supporting the new administration and stand ready to be a constructive partner in driving national development,” the organisation said.
It states that “We are dedicated to working closely with the government to develop policies and initiatives that promote job creation, enhance competitiveness, and build a resilient economy that benefits all sectors of society.”
“ We remain optimistic that, with strong leadership, clear policies, and continued collaboration between the public and private sectors, Botswana can achieve long-term prosperity. Our collective success depends on the strength of these partnerships, and we are excited to play a pivotal role in shaping a brighter future for Botswana,” says Business Botswana.
