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Jobs President tag must come alive

In 2009 there were 17 284 work permit holders, fast track to 2016 – the number had drastically dropped to 5293. The latest labour report from Statistics Botswana indicates that in June 2017, a total of 12,166 (3.0 percent) employees were non-citizens. Out of this total, Private and Parastatal sectors recorded 11,009 employees. Construction industry was the major employer of non-citizens (19.3 percent), followed by Education industry (18.5 percent) and Manufacturing industry (14.7 percent).


To several observers from various industries this is what partly contributed to job losses in different industries because company owners were denied the right to recruit skilled personnel who could help keep companies operational hence they relocated or closed down.
At the centre of the controversial decisions to decline work permits applications were former DISS Director General Isaac Kgosi and former Labour Minister, Edwin Batshu. They have since left the scene, will the situation be reversed?

Clearly President Mokgweetsi Masisi is busy overwriting some elements which were unpopular but synonymous with his predecessors’ legacy like the notable purging of former Immigration Minister Edwin Batshu and intelligence boss Isaac Kgosi-a move seen by many as a way to enhance Foreign Direct Investment (FDI) as the two were seen as bogeymen for foreign investors and expatriates.


A clear sign from Government Enclave and the Office of the President is that Masisi is pushing to be a ‘Jobs President’ and he would not allow anything to stand on his way. He has been seen to be going around calling in foreign investment and trying to find means for job creation.

In former president Ian Khama’s regime there was Kgosi, a former military man and a member of the BDF commando unit who was made a feared director general of the state intelligence unit, the Directorate of Intelligence and Security (DIS), which was responsible for vetting visas and residence and work permit applications.

Before Kgosi was fired, sources allege that work and residence permits approval, rejections stood at around 20 percent and the numbers had potential to grow. Since 2008 when Khama took over, a lot of foreigners were declared prohibited immigrants and there were many haste deportations.

Two years ago, former Botswana Investment and Trade Centre (BITC) CEO Letsebe Sejoe said FDI was mostly blocked by confusions, complications and delays associated with Visa and work permit applications. Sejoe’s sentiments were also echoed by former President Festus Mogae who said foreigners no longer find this country hospitable as they can be deported anytime without explanations.

BITC, an institute tasked with FDI facilitation and performance improvement took a nosedive three months before Masisi took power. According to the institution’s annual report released in January, BITC, a 16 % overall performance decline for their operational year 2016/17. BITC registered an overall performance of 74 percent compared to the 90 percent registered in the previous year. In the same report FDI registered only 948 jobs. As if that was not enough, Botswana also continues to perform dismally in ‘Doing Business’ Index.  According to the World Bank, in 2017 Botswana was number 71 in the world and in the latest ratings, it dropped drastically to number 81.

Also, last year legislators across the political divide took advantage of the Appropriation Bill debate time for the Ministry of Nationality, Immigration and Gender Affairs and expressed concern at the manner in which the Khama regime was handling visa applications and residence and work permits. The legislators were mostly of the view that the rejections would not help Botswana FDI. The MPs said the foreigners were ill treated by security officers and this would not help Botswana economically.

The Minister of Environment, Natural Resources Conservation and Tourism, Tshekedi Khama also accused Kgosi’s brigade of scaring away tourists if not blocking them from entering through Botswana borders sometimes. However Batshu, a former chief of police, defended the DIS’s style of enforcing immigration laws saying it is within its mandate. The immigration laws of Botswana also give a minister to exercise his discretion in blocking visas and work permits of foreigners.

A pundit of Public Administration Kaelo Molefhe said he hopes that the removal of Batshu and Kgosi is not just changing of furniture, as practical decisions have to be taken. Molefhe said, so far, Masisi looks exemplary as he is meeting other leaders internationally and in the region-possibly it could mean he has seen the need to improve the country’s FDI. “He has shown much and seems to be departing from tradition and the past administration,” said Molefhe.

President Masisi has so far squeezed 7500 jobs in the civil service and FDI reception will mean more jobs from the private sector too. According to business news publication Bloomberg, on Tuesday Masisi said he is “dead determined” to produce more jobs. Jobs are top of Masisi’s campaign card as he will be leading the ruling party to next year’s elections.

He has even met new Anglo American top shareholder, Indian billionaire Anil Agarwal twice to discuss about him making sure more diamonds be cut and polished in Botswana, according to Bloomberg.  Anglo American owns 85% of De Beers which owns Debswana, a diamond company partly owned by the Botswana government. Masisi said there should be a way of achieving a win-win for both where De-Beers cuts diamonds in Botswana and there are jobs created.

Labour activist Johnson Motshwarakgole encourages Masisi’s move of trying to address the concerns of the people. He said he applauds Masisi, who seems to be going around looking for investors and making sure the country competes for investors. Motshwarakgole said Batshu and Kgosi should not be blamed alone as they were acting on the orders of a dictator of a president.

The labor activist also wants Masisi to make sure he improves the minimum wage and makes the salaries of young people cutting diamonds precious like the stones they sort. He said in the past diamonds workers had been paid poorly. “So far Masisi is doing many things right and should be applauded,” said Motshwarakgole.

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Jewellery manufacturing plant to create over 100 jobs

30th January 2023

The state of the art jewellery manufacturing plant that has been set up by international diamond and cutting company, KGK Diamonds Botswana will create over 100 jobs, of which 89 percent will be localized.

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Investors inject capital into Tsodilo Resources Company

25th January 2023

Local diamond and metal exploration company Tsodilo Resources Limited has negotiated a non-brokered private placement of 2,200, 914 units of the company at a price per unit of 0.20 US Dollars, which will provide gross proceeds to the company in the amount of C$440, 188. 20.

According to a statement from the group, proceeds from the private placement will be used for the betterment of the Xaudum iron formation project in Botswana and general corporate purposes.

The statement says every unit of the company will consist of a common share in the capital of the company and one Common Share purchase warrant of the company.

Each warrant will enable a holder to make a single purchase for the period of 24 months at an amount of $0.20. As per regularity requirements, the group indicates that the common shares and warrants will be subject to a four month plus a day hold period from date of closure.

Tsodilo is exempt from the formal valuation and minority shareholder approval requirements. This is for the reason that the fair market value of the private placement, insofar as it involves the director, is not more than 25% of the company’s market capitalization.

Tsodilo Resources Limited is an international diamond and metals exploration company engaged in the search for economic diamond and metal deposits at its Bosoto Limited and Gcwihaba Resources projects in Botswana.  The company has a 100% stake in Bosoto which holds the BK16 kimberlite project in the Orapa Kimberlite Field (OKF) in Botswana.

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Global CEOs Back Plan to Unlock $3.4 Trillion Potential of Africa Free Trade Area

23rd January 2023

African heads of state and global CEOs at the World Economic Forum Annual Meeting backed the launch of the first of its kind report on how public-private partnerships can support the implementation of the African Continental Free Trade Area (AfCFTA).

AfCFTA: A New Era for Global Business and Investment in Africa outlines high-potential sectors, initiatives to support business and investment, operational tools to facilitate the AfCFTA, and illustrative examples from successful businesses in Africa to guide businesses in entering and expanding in this area.

The report aims to provide a pathway for global businesses and investors to understand the biggest trends, opportunities and strategies to successfully invest and achieve high returns in Africa, developing local, sub-regional and continental value chains and accelerating industrialization, all of which go hand in hand with the success of the AfCFTA.

The AfCFTA is the largest free trade area in the world, by area and number of participating countries. Once fully implemented, it will be the fifth-largest economy in the world, with the potential to have a combined GDP of more than $3.4 trillion. Conceived in 2018, it now has 54 national economies in Africa, could attract billions in foreign investment, and boost overseas exports by a third, double intra-continental trade, raise incomes by 8% and lift 50 million people out of poverty.

To ease the pain of transition to its new single market, Africa has learned from trade liberalization in North America and Europe. “Our wide range of partners and experience can help anticipate and mitigate potential disruptions in business and production dynamics,” said Børge Brende, President, and World Economic Forum. “The Forum’s initiatives will help to ease physical, capital and digital flows in Africa through stakeholder collaboration, private-public collaboration and information-sharing.”

Given the continent’s historically low foreign direct investment relative to other regions, the report highlights the sense of excitement as the AfCFTA lowers or removes barriers to trade and competitiveness. “The promising gains from an integrated African market should be a signal to investors around the world that the continent is ripe for business creation, integration and expansion,” said Chido Munyati, Head of Regional Agenda, Africa, World Economic Forum.

The report focuses on four key sectors that have a combined worth of $130 billion and represent high-potential opportunities for companies looking to invest in Africa: automotive; agriculture and agroprocessing; pharmaceuticals; and transport and logistics.

“Macro trends in the four key sectors and across Africa’s growth potential reveal tremendous opportunities for business expansion as population, income and connectivity are on the rise,” said Wamkele Mene, Secretary-General, AfCFTA Secretariat.

“These projections reveal an unprecedented opportunity for local and global businesses to invest in African countries and play a vital role in the development of crucial local and regional value chains on the continent,” said Landry Signé, Executive Director and Professor, Thunderbird School of Global Management and Co-Chair, World Economic Forum Regional Action Group for Africa.

The Forum is actively working towards implementing trade and investment tools through initiatives, such as Friends of the Africa Continental Free Trade Area, to align with the negotiation process of the AfCFTA. It identifies areas where public-private collaboration can help reduce barriers and facilitate investment from international firms.

About the World Economic Forum Annual Meeting 2023

The World Economic Forum Annual Meeting 2023 convenes the world’s foremost leaders under the theme, Cooperation in a Fragmented World. It calls on world leaders to address immediate economic, energy and food crises while laying the groundwork for a more sustainable, resilient world. For further information,

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