Local time: Thursday, 14 December 2017 20:53:16hrs
I am looking for: 

Ministry of Investment, Trade and Industry (MITI)
Official transfer of SPEDU
20/04/12

Official transfer of SPEDU

The Selibe Phikwe Regional Development Agency (SPEDU) is now under the ambit of the Ministry of Trade and Industry. This follows the official handover of the Agency by the Permanent Secretary in the Ministry of Finance and Development Planning, Mr. Solomon M. Sekwakwa to the Permanent Secretary in the Ministry of Trade and Industry, Mrs. Banny K. Molosiwa recently in Selibe Phikwe.

The transfer of SPEDU is part of the rationalization process that the Government is undertaking to improve operational efficiencies of Government institutions and proper alignment of their mandates. 

SPEDU has been mandated to, among others, further the economic development and regeneration of the Selibe Phikwe Region, promote business efficiency and competitiveness in the region and to promote inward investment and trade facilitation with a view to secure the long term survival of Selibe Phikwe and the surrounding regions, beyond the closure of the Bamangwato Concession Limited (BCL) Mine and Smelter.

SPEDU is further tasked with promoting employment creation and enhancing the development and application of skills relevant to the industry in the region.

The public is informed that the transfer of the agency will not affect its operations and strategy in its execution of its mandate.  It is in fact paramount to note that the mandate of SPEDU is fully aligned to that of the Ministry of Trade and Industry in the sense that the Ministry facilitates investment promotion, business development and coordinates economic diversification efforts.  All these initiatives are geared towards employment creation, wealth creation and poverty eradication in the country which is similar to what SPEDU is mandated to achieve. The Ministry also sees SPEDU as one form of Special Economic Zones (SEZs) and going forward the Ministry will build onto SPEDU’s experience to see if the same model could be replicated elsewhere in the country.

 

Printable version
Copyright © 2011 Government of Botswana. All rights reserved.