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Botswana’s agriculture and agro-processing sector is rife with opportunities for investors and entrepreneurs, based on the audio system on the Botswana Investment and Trade Centre’s webinar on 31 March, which was hosted by Farmer’s Weekly.
Photo: FW Archive
On 31 March, Farmer’s Weekly hosted a webinar in partnership with the Botswana Investment and Trade Centre (BITC) on the opportunities for funding in Botswana’s agriculture sector.
During the webinar, Omphitlhetse Bobo Senosi, director on the BITC, and Donald Mokgwe, principal agricultural economist within the Department of Agribusiness Promotions for the Ministry of Agricultural Development and Food Security in Botswana, unpacked the assorted opportunities out there to overseas and native investors.
In his presentation, Senosi spoke in regards to the funding surroundings in Botswana, and highlighted specific initiatives, similar to tax incentives, carried out by the Botswanan authorities to draw funding into the nation.
Download Presentations:
Botswana at a look – Bobo Senosi
Business opportunities in agriculture and agro-processing
In the SPEDU hub in Selebi Phikwe, for instance, corporates are taxed solely 5% for the primary 5 years; after this, they’re taxed 10%.
The area has a inhabitants of round 203 000 folks, and has been earmarked by authorities to stimulate financial exercise in agriculture, tourism and manufacturing.
Some different initiatives that apply to this area embody no customs duties on imported uncooked supplies, in addition to VAT rebates. Mokgwe spoke particularly about funding opportunities in agriculture.
As Botswana has a shortfall in all agricultural commodities besides for beef, there’s nice want for growth in agricultural manufacturing. Moreover, the Botswanan authorities has earmarked agriculture as a key sector, and has developed many tasks and/or initiatives to encourage manufacturing.
Some of the industries highlighted particularly embody horticulture, grain manufacturing, honey manufacturing, dairy manufacturing and sheep manufacturing. Mokgwe additionally spoke about agro-processing:
“The bulk of the import bill comes from processed commodities, [which indicates] an urgent need for value addition through establishment of processing centres in the country.”
For extra info, contact:
Mr. Bobo Senosi, Director, International Business – RSA
Botswana Investment and Trade Centre
011 884 8959
[email protected]
Watch the webinar beneath and observe us on Youtube
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