Phakalane Estates (PE)'s ongoing multimillion-pula infrastructure project for 34 Morula industrial plots has intentions to leverage on the African Continental Free Trade Area (AfCFTA) opportunities, and creating jobs in the process.
According to the developers, the industrial plots ranging from 1918-13500sqm, will support growth and competitiveness of the country with industrial infrastructure, given the country’s strategic geographic location at the centre of southern Africa.
The location of the plots allows easy access to both the north and south of Botswana by easily getting onto A1 and the bypass road to the RSA border.
The Managing Director at Phakalane Estates, Lesang Magang said the plots are ideal for companies wishing to expand and explore new ventures, taking advantage of the AfCFTA, an agreement which connects 1.3 billion people across countries with a combined GDP of US$3.4 trillion.
“Local and international direct investors have Phakalane’s Morula industrial freehold land headquarters where Phakalane township has all the amenities close by.
“Together with BITC, PE will play its part in making Botswana great, with no exchange controls for the likes of transport, logistics, automobile, service to manufacturing investors, and a great location to invest, live and play,” said Magang.
He said Phakalane Estate has de-risked the assessment of various projects for investment.
Meanwhile, the Botswana Investment and Trade Centre (BITC) has put out a call to local companies to participate in an online training programme on how to export to the Africa Continental Free Trade Area (AfCFTA).
Slated for the 12th to the 26th February, the training will focus on opportunities offered by the intra-Africa trade, getting business ready for export, researching on African markets, developing an African market, market access conditions, financing for intra-African trade, intra-Africa logistics and standards under the AfCFTA.
“The objective of the programme is to prepare companies to take maximum advantage of the intra-Africa trade,” said BITC in an expression of interest call made this week.
The training is being organised by BITC in collaboration with the International Trade Centre under the framework of Botswana Exporter Development Programme (BEDP).
Some of Botswana’s recent achievements in promoting free trade include signing and ratifying the Africa continental Free Trade Area Agreement, a step towards harmonization of a number of trade policies and the use of National Identity for border crossing between Botswana and Namibia.
On several platforms the government has reiterated that AfCFTA offers a unique opportunity for investment and business growth in Botswana and across the African continent.
In addition, the authorities said the trade agreement also recognises the need to build and improve the export capacity of both formal and informal services providers with particular attention to Small Medium and Micro
Enterprises (SMMEs) in which women and youth actively participate, citing that the development of SMMEs remains pivotal to national development efforts.
According to the developers, the industrial plots ranging from 1918-13500sqm, will support growth and competitiveness of the country with industrial infrastructure, given the country’s strategic geographic location at the centre of southern Africa.
The location of the plots allows easy access to both the north and south of Botswana by easily getting onto A1 and the bypass road to the RSA border.
The Managing Director at Phakalane Estates, Lesang Magang said the plots are ideal for companies wishing to expand and explore new ventures, taking advantage of the AfCFTA, an agreement which connects 1.3 billion people across countries with a combined GDP of US$3.4 trillion.
“Local and international direct investors have Phakalane’s Morula industrial freehold land headquarters where Phakalane township has all the amenities close by.
“Together with BITC, PE will play its part in making Botswana great, with no exchange controls for the likes of transport, logistics, automobile, service to manufacturing investors, and a great location to invest, live and play,” said Magang.
He said Phakalane Estate has de-risked the assessment of various projects for investment.
Meanwhile, the Botswana Investment and Trade Centre (BITC) has put out a call to local companies to participate in an online training programme on how to export to the Africa Continental Free Trade Area (AfCFTA).
Slated for the 12th to the 26th February, the training will focus on opportunities offered by the intra-Africa trade, getting business ready for export, researching on African markets, developing an African market, market access conditions, financing for intra-African trade, intra-Africa logistics and standards under the AfCFTA.
“The objective of the programme is to prepare companies to take maximum advantage of the intra-Africa trade,” said BITC in an expression of interest call made this week.
The training is being organised by BITC in collaboration with the International Trade Centre under the framework of Botswana Exporter Development Programme (BEDP).
Some of Botswana’s recent achievements in promoting free trade include signing and ratifying the Africa continental Free Trade Area Agreement, a step towards harmonization of a number of trade policies and the use of National Identity for border crossing between Botswana and Namibia.
On several platforms the government has reiterated that AfCFTA offers a unique opportunity for investment and business growth in Botswana and across the African continent.
In addition, the authorities said the trade agreement also recognises the need to build and improve the export capacity of both formal and informal services providers with particular attention to Small Medium and Micro
Enterprises (SMMEs) in which women and youth actively participate, citing that the development of SMMEs remains pivotal to national development efforts.
