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SPEDU to host investment conference

Publishing Date : 06 August, 2018

Author : TAPELA MORAPEDI

As Selebi Phikwe struggles to recover from the economic crisis that swept the entire SPEDU region following the closure of BCL Mine, SPEDU Company in collaboration with Selebi Phikwe Town Council is trying hard to unlock new opportunities to resuscitate the ailing economy. 


Speaking at the opening of the Selebi Phikwe Trade and Exhibition Show recently, SPEDU Chief Executive Officer, Dr Mokubung Mukubung revealed that they intend to host an Investment Conference next year in an effort to accelerate investment and to encourage sustainable development in Selebi Phikwe and the region.


The Business Investment Conference, Dr Mubukung said will bring together the business community in the region and across the country as well as international business community to deliberate on investment opportunities as well as addressing obstacles hindering investment progress. While SPEDU has made headway in attracting investors in Selebi Phikwe, the potential of investment to contribute to the economic development of Selebi Phikwe was dealt a heavy blow by the closure of the mine which was the backbone of the town’s economy. Without BCL, business has gone down as the buying power has been significantly affected by massive job losses.


The Investment Conference however will give participants an opportunity to build understanding around policies and all frameworks needed to enhance the attraction of investors into the SPEDU Region. The forum will bring together all concerned stakeholders to discuss and advance ideas and make important contribution to policies that have potential to deliver solutions that will address the Selebi Phikwe’s development challenges.


The Chief Executive revealed that as an investment promotion company tasked to coordinate investment promotion and economic diversification, they face challenges of investors dragging their feet to set up after they have been announced to the public, something that quashes the hopes of the public and affecting their confidence on the works of SPEDU. He noted that from now onwards, they will only announce to the public once the investors have already set up and made significant headway for the people to see for themselves and appreciate progress.


One example is Brite Star Aviation, an aircraft company that was to set up in Selebi Phikwe and has since dragged its feet to set up after signing a Memorandum of Understanding (MOU) with six partners being SPEDU, Civil Aviation Authority of Botswana (CAAB), Botswana Investment and Trade Centre (BITC), Selebi Phikwe Town Council and Ngwato Land Board on last year to reflect the parties intention to collaborate and together heighten the economic diversification initiatives in Selebi Phikwe and the SPEDU Region.


Despite the challenges they face, he said they have hope “and determination to forge ahead in unearthing sustainable projects that will resuscitate the economy of Selebi Phikwe and the region.” He acknowledged stakeholder forum that they have which continues to grow and deliberate on various issues affecting Selebi Phikwe and the region.


Dr Mukubung said that they have projects earmarked for the region which when fully implemented will help recuperate the economy of the region and ensure that the region becomes economically sustainable. He said they will market products produced from the region across the country as well as in international markets in order to open up an export market for products from SPEDU Region. He pointed out that the Selebi Phikwe Trade and Exhibition Show was one way of providing market for locally produced products from the region.

Trade Show and Business


Officiating at the opening of the Trade and Exhibition Show, the Minister of Presidential Affairs, Governance and Public Administration, Nonofo Molefhi said that the show is a marketing platform for products from SPEDU region. He encouraged exhibitors to take advantage of the show as it serves as a springboard to catapults their business to sustainable status as it provides market for their produce.


Held under the theme: “Economic Diversification through Revitalisation,” Molefhi said the theme of the show calls for all stakeholders to introspect and utilise available opportunities to propel their business prospects in the region to a higher level. He said Government is “determined to address revitalisation and diversification efforts in the region.” The exhibitors at the show were largely from agriculture and manufacturing, key investment areas from which SPEDU is expected to create over 7000 jobs.


The minister further called on all stakeholders to play their part, pointing out that Government will play its part by expediting land servicing and facilitating provision of tax incentives to investors willing to invest in the region as well as addressing setbacks in governance systems hindering the ease of doing business in the country.   


He revealed that P1.2 billion in investments prospects have been secured for the economic development of the SPEDU region. The SPEDU Region comprises of four geographical areas of Bobirwa, Tswapong North, Sefhophe, Mmadinare and Selebi Phikwe which serves at the commercial centre of the SPEDU Region. Molefhi said all villages making up the SPEDU Region must also make contributions that will help drive the revitalisation of its own economy.


Going forward, the Selebi Phikwe Trade and Exhibition Show is expected to serve as a regional show where the winners from trade and agricultural shows from villages making up SPEDU Region will showcase their winning products and services before proceeding to the National Trade and Exhibition show in Gaborone.   

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