Botswana’s total exports for the month of June dipped 3.6 percent due to weak demand of diamonds, the Botswana International Trade Merchandise Trade Statistics monthly digest data has shown.
The statistics agency noted that total exports were valued at P8, 484.9 million, showing a decrease of 3.6 percent (P319.6 million) from the May 2016 revised value of P8, 804.4 million.
“This is attributable to the decrease in exports of Diamonds which recorded a drop of 5.3 percent (P420.3 million) from P7, 950.4 million recorded during May 2016 to P7, 530.1 million during the month under review,” the agency stated.
The data indicates that other exports like Salt & Soda Ash and Textiles also contributed to the decrease in total exports. Salt & Soda Ash declined by 40.5 percent (P21.4 million) from P52.8 million to P31.4 million while Textiles dropped by 40.3 percent (P11.9 million) from P29.6 million during May 2016 to P17.6 million during the current period
A comparison of June 2016 total exports value to that of June 2015 shows an increase of 14.3 percent (P1, 060.0 million) from P7, 424.9 million recorded during June 2015 to P8, 484.9 million recorded during June 2016.
Despite a dip in diamonds exports, diamonds are still Botswana’s major exports as 88.7% was attributable to the exports the gems.
Africa received 28.0 percent of the total exports while Asia received exports valued at P3, 265.5 million, representing 38.5 percent of total exports (P8, 484.9 million) during June 2016.
India and the United Arab Emirates received 14.9 percent (P1, 261.7 million) and 11.1 percent (P941.4 million) respectively of total exports during the month under review.
On the other hand, SB said June total imports increased by 24 percent to P5, 833.5 million from the revised May 2016 value of P4, 704.6 million.
“This is attributable mainly to an increase in imports of Diamonds which rose by more than 100 percent (P904.4 million) from P638.4 million during May 2016 to P1, 542.8 million during June 2016,”.
A trade surplus of P2, 651.4 million was recorded in June and this was influenced by the high value of diamond exports while imports of the same commodity recorded a low value
Imports for June 2016 were valued at P5, 833.5 million, with South Africa contributing 63.8 percent (P3, 719.4 million), while Namibia and Mozambique contributed 12.0 percent (P699.7 million) and 3.6 percent (P210.9 million) respectively to the monthly total.
Imports from Asia were valued at P482.7 million, representing 8.3 percent of total imports during June 2016, with India alone supplying 2.6 percent (P149.6 million) while China and Israel supplied 1.6 percent (P91.6 million) and 1.0 percent (P59.6 million) respectively of total imports during the month under review.
Prices for cereals or staple foods in Botswana and other Southern African countries continue to rise at a slower pace, following trends in the global markets, according to the latest November 2022 Food Price Monitoring and Analysis by Food Agricultural Organization (FAO) of the United Nations.
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Botswana Institution Of Engineers (BIE), has last week hosted a gala dinner in which they appreciated engineers who worked tirelessly and with dedication for 10 years from 1983 to steer the BIE to its current status.
The event that was held at the Phakalane Golf Estate had brought together young, experienced and veteran engineers and was held under the theme “Vitalize the dignity and eminence of all professional engineers”.
Explaining the theme, the institution’s treasurer, Thanabalasingam Raveendran said that engineers were looked upon reverentially with respect as the educated but with time it seems to have deteriorated. He indicated that there is a need to change the narrative by all means.
“The BIE exists for the welfare and the betterment of us Botswana engineers, we need to recognize specialised units within our Institution. We Engineers strongly believe in Engineers make it happen” Raveendran said.
He indicated that under the theme they appeal to all engineers to energize, to attain quality of being worthy of honour and respect and to achieve recognized superiority amongst the Society.
Raveendran stated that engineers need to ensure their end product is of good quality satisfying the end users expectations and engineers must be honest in their work.
“Approximately 8000 engineers registered with Engineering Regulatory Board (ERB) are not members of the BIE, engineers need to make every effort to recruit them to BIE” he said.
He alluded that BIE being a society, it currently needs to upgrade itself at par with professional institutions elsewhere like the UK and USA.
He further stated that BIE has to have engineering units of specialised disciplines like Civil/Mechanical/electrical etc
“As President Masisi indicated in his inaugural speech, the young people, who make 60 percent of the population of this country, are the future leaders and therefore investing in them is building the bridge to the future” said Raveendran
Kandima indicated that BIE has a memorandum of Understanding with Engineers Registration Board (ERB), where BIE is a recognised provider of CPD training, mentorship programmes and more importantly IPD undertaking to upgrade the skills and know-how of our engineers.
“For us to achieve our mandate and make worthwhile changes to engineering in Botswana, we have to be totally focused and act with intent” said Kandima.
Furthermore, Stephen Williams, past president of the BIE from 1986-1988 told the engineers that the BIE provides a fertile environment where they can meet, share ideas and grow professionally.
“The BIE is also a nesting place for graduate engineers to learn from their peers and seniors, it also cater for engineering technicians and technologists and so nobody in the technology field is left out” he said.
He further indicated that Botswana Government provides a conductive environment for growth of engineering professionals.
“It must be stated that the Botswana Government recognises the existence of BIE and it can further be stated that the government enables ERB to carry out its mandate as a regulator of engineering professionals” said Williams
He plead with engineering companies to recognize and support BIE as it is the only source of engineering personnel’s for various Industries .
Furthermore, when giving his farewell speech, Michael Pinard , a past president of the institution said how they are viewed as engineers by the general public might be due to some lack of appreciation as to exactly what role they play in the development of the country.
“The BIE slogan is aptly coined-Engineers make it happen, in other words, what man dreams engineers create” Said Pinard.