BEDIA surpasses targets
source: Mmegi
WANETSHA MOSINYI
Staff Writer
Botswana Export Development and Investment Authority (BEDIA) says it surpassed its P500 million investment target last year though this might not be possible this term because of the world financial crisis.
BEDIA expects a slowdown as the global economic downturn leaves investors “jittery and inward-looking”.BEDIA CEO Dorcas Makgato-Malesu told the media this week that the investment agency achieved a P539 million capital investment that created 2,344 jobs.
She said economic recession has resulted in a slowdown of investment in the first quarter of the year as new investments are converting slowly while the expansion of projects have been delayed. “There has been lack of conversions as investors have become jittery and inward-looking,” she said.
The crisis has resulted in the postponement of construction of factories and loss of jobs. Makgato-Malesu said already 100 jobs have been lost mainly in the [continue reading]
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