Botswana embarks on mega-bucks energy generation initiatives

21 May, 2008 in Botswana, Business

source: Sunday Standard
by Godfrey Ganetsang
20.05.2008 10:02:41 A

Minerals, Energy and Water Resources Minister, Ponatshego Kedikilwe, has reiterated the commitment of the Botswana government to the multibillion Pula Inga III project.

Speaking at a Paste 08 seminar in Kasane recently, Minister Kedikilwe said that Botswana, together with other SADC countries is faced with debilitating power shortages which, if not dealt with, might work to delay progresses made in industrialization and economic diversification.

Kedikilwe said that Botswana continues to engage vigorous initiatives through which it hopes to diversify the economy away from the booming mining industry. While the mining industry has, over the years, grown handsomely, there are challenges of diversifying the economy and Botswana is beginning to show modest successes with the emergence of new economic power players, like tourism and the export income generating tourism, manufacturing and textile industries. However, all these developments and the growing need to boost industrialization through foreign direct investment will come to [continue reading]