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BITC CEO gone: Sejoes last words

The Board chairman of the Botswana Investment and Trade Centre (BITC), Victor Jakopo Senye has announced the end of Chief Executive Officer, Letsebe Sejoe’s contract, further indicating that Chief Operations Officer, Meshack Tshekedi shall act as CEO of the parastatal.


Sejoe’s contract expired at the end of February and the Board decided not to renew it. Indications are that the Board was not happy with Sejoe’s performance hence the decision not to renew his contract. There are already speculations on the corridors of the BITC as to who could be next to head the BITC.


While Tshekedi has been asked to act in the meantime, possibilities are that he may be preffered at his COO position and a new person will be brought in to lead the BITC. Weekend Post learns that former CEDA boss, Thapelo Matsheka and former Bank of Botswana Governor Linah Mohohlo’s names are already being touted as potential replacement to Sejoe.


In his last statement in the BITC 2016 Annual report, Sejoe pointed out that the “BITC’s fourth year of operation was driven by focus on increasing Botswana’s share of Africa’s foreign direct investment by attracting more investment into the country and equally increasing citizen participation through domestic investment promotion.

 

The organisation during the period under review developed and packaged value propositions for various prioritised sectors of the economy, largely driven by the desire to adopt a sector specific approach when attracting investment into Botswana that will require building inhouse skills and domain expertise in the respective sectors.”


He further said the value propositions were developed in sectors such as automotive components manufacturing, leather, cargo and logistics, Soda Ash, Beef and ICT. “The value propositions are equally important to the local business community, as they highlight existing investment opportunities that Batswana may not have previously been aware of. In addition to articulating why Botswana is an attractive investment destination, the value propositions provide detailed information on Botswana’s global positioning within the respective sector; global and regional market dynamics; Botswana’s competitive advantage including available sector specific incentives; as well as the legal and regulatory framework that is to be complied with.”


Sejoe wrote that: According to the World Investment Report 2016, FDI flows into Africa fell to $54 billion in 2015, a decrease of 7% from the previous year. The top five FDI recipient economies were Angola, Egypt, Mozambique, Morocco and Ghana. An upturn in investment into North African economies such as Egypt was offset by decreasing flows into SubSaharan Africa, especially in the resource-based economies in West and Central Africa.


Further, Sejoe stated that “In Southern Africa, FDI flows increased marginally by 2% to US$17.9 billion, mainly driven by large inflows in Angola. After several years of negative flows, Angola attracted a record US$8.7 billion of FDI in 2015, becoming the largest recipient in Africa, largely driven by loans provided to Angolan affiliates by their foreign parent companies. Major projects were in the oil and gas industry mainly dominated by global oil majors from Britain, Italy, France and the United States. Prospects reveal that FDI into Africa could return to a growth path in 2016, increasing by an average of 6%.”


PERFORMANCE REVIEW: SEJOE RATES HIMSELF
Although there is an opinion that he had not delivered to the expected level, Sejoe has a different, at least according to what he wrote in the BITC 2016 annual report:


“Despite intensified international competition for Foreign Direct Investment (FDI) and export markets, BITC achieved an overall annual organisational performance of 90% on the corporate scorecard during the period under review. Our targeted investment promotion efforts resulted in a total capital investment amounting to P3.12bn exceeding our annual target of P1.6bn.

 

From the total capital investment achieved, FDI companies contributed P1.49bn, while business expansions and domestic investments contributed P377.05m and P1.25bn respectively. The financial services sector represented the largest contribution to this performance at 58.7%.


Other sectors that contributed to investment realised include Mining, Manufacturing, Agriculture, Property, Tourism and Transport and Logistics. The companies that invested were from countries such as South Africa, India, Canada, Ethiopia, Zimbabwe and China.
Total employment of 1,703 jobs resulted from these investments falling short of desired outcomes due to the capital intensive nature of the financial services sector, which was the largest contributor to the investment realised.


The mining and manufacturing sectors contributed more significantly toward jobs created during the period under review. BITC’s export portfolio exceeded its target of P2bn reaching a total generated export value of P2.1bn contributed by forty four (44) BITC client companies exporting thirty six (36) product lines. A notable development in this regard was the diversification of export products resulting in an increase of nine (9) new products being introduced to the export market.

 

Markets penetrated by the local products during the period include Zambia, Zimbabwe, Angola, Democratic Republic of Congo, Malawi, Mozambique, South Africa, Namibia, Hong Kong and the European Union. In an effort to grow BITC’s product portfolio, the organisation diagnosed several companies for export readiness.


The companies are to be supported with capacity building interventions through BITC’s partnership with Senior Experten Services (from Germany) such that they are capacitated to provide goods and services of a standard quality that can compete effectively in the international market place.


Our investor value added services delivered through the Business Facilitation Services Centre (BFSC) continued to facilitate for investors to access Government authorisations. BITC continues to realise an increase in the demand for facilitation services compared to authorisations processed in the previous year. The increase in the demand for BITC services signifies the difficult business environment that companies experience when they proceed on their own.

 

Our efforts to improve and advocate for a conducive business environment continue through increased strategic stakeholder engagement including the signing of Service Level Agreements (SLA’s) with five (5) Government Departments to streamline various Government authorisations including the acquisition of manufacturing and industrial licenses for BITC assisted investors. BITC continues to impress upon key role players within Government to enhance the certainty and predictability of outcomes for various Government authorisations.”

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BAD WEEK FOR MANCHESTER CITY

6th February 2023

After falling to close the gap on Arsenal by losing to a record breaking goal by Kane at the Tottenham stadium.Manchester City now find themselves being charged by the Premier League with more than 100 breaches of its financial rules following a four-year investigation.

According to BBC , it has referred the club to an independent commission over alleged rule breaches between 2009 and 2018 , and also that Man-city has not been co-operating since the investigation which started in 2018 .

BBC further states that The commission can impose punishment including a fine , points deduction and expelling the club from the Premier league.

The alleged breaches include ,  breaching rules for requiring full details of manager remuneration,from 2009-2010, to 2012-2013 seasons when Roberto Mancini was in charge . Also player remuneration between 2010-2011 and 2015-2016.

The Premier league stated that City breached rules related to UEFA regulations , including Financial Fair Play , from 2013-2014 to 2017-2018 ,as well as Premier League rules on profitability and sustainability from 2014-2016 to 2017-2018

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South Korean Embassy aids students living with disabilities

6th February 2023

South Korean Ambassador in South Africa has donated e-learning equipment through Botswana Red Cross Society (BRCS) to Tlamelong Rehabilitation Centre in Tlokweng recently, in a bid to fine tune the student’s textile skills.  

When talking at the handing over ceremony, Chull-Joo Park, said they agreed with BRCS to give out e-learning equipment to better the training skills of students living with disabilities.

“With the Information and Communication Technology (ICT) equipment and job training skills, we will be able to help the students living with disabilities to do e-learning and to better their education and job training,” said Chull-Joo Park.

It was revealed that the South Korean Embassy approached BRCS with the intent to donate equipment and educational material that includes an embroidery machine, photo copier machine, tablets and interactive boards to be utilized by the trainees.

The industrial printer is a machine that works with embroidery machine to print designs for clothing and it will enable the learners to have more material available to them to facilitate learning.

Through this embroidery machine, students will be exposed to better technologies which ultimately improve the quality of materials they produce. It will also allow students to learn business skills and run profitable ventures.

Smart board gadgets will provide the students with an elevated learning process to be fostered by e-learning. The gadgets provide a more visual element to the learning process, which in turn improves learner mental retention.

Tlamelong Rehabilitation serves the marginalized and underserved less privileged persons living with disability in Botswana. The center offers boarding services, vocational training, social services, physiotherapy and rehabilitation services for young people living disabilities aged 18-35 from across the country over a period of two (2) years per cohort which has a maximum intake capacity of 35. BRCS through International Federation of the Red Cross and Red Crescent Societies (IFRC) have managed to create great working synergy with the South Korean Embassy in Pretoria based in South Africa to support or augment the National Society’s Rehabilitation Centre’s learning challenges.

For his part, BRSC Secretary General Kutlwano Mokokomani said they are delighted to convey their gratitude as BRSC to the South Korean Embassy for donation and they look forward to an enduring partnership for such worthy causes.

“South Korean Embassy’s great gesture will enable trainees to thrive, to fulfil their dreams to become a reality as this equipments will go a long way in creating great impact in the lives of trainees and their families. We wish to convey our sincere gratitude to the South Korean Embassy for their noble gesture of donating the E-learning equipments.”

BRCS offers rehabilitation services spread across three (3) areas in Botswana being Sefhare Stimulation center in Sefhare, Tshimologo stimulation center in Francistown and Tlamelong rehabilitation center in Tlokweng.

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DIS alleges plot to kill Masisi hatched in South Africa

6th February 2023

A dispute is brewing between Botswana and South Africa intelligence agencies over alleged mercenary training camps discovered in South Africa by the Directorate of Intelligence and Security (DIS). 

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