Botswana Investment and Trade centre to increase trade with Zimbabwe from US$30 million to US$105 million.
Trade is an important commodity when it comes to Economic growth. This is why the Botswana Investment and Trade centre (BITC) is targeting opportunities in Zimbabwe.
BITC plans to increase trade with Zimbabwe from US$30 million to US$105 million by exporting lots of goods between both nations ( Botswana and Zimbabwe). This announcement by BITC chief operations officer came during the Zimbabwe International Trade Fair (ZITF).
BITC chief operations officer, Reginald Selelo said “Looking at the trade statistics between the two countries, there have been a decrease since 2014. He also said we have the Zimbabwe–Botswana Trade Agreement, which can help us improve economically.”
According to Selelo, Botswana is a safe and stable destination for investment with tightly controlled inflation and interest rate. Also, according to the World Economic Forum (WEF) Botswana is the best in Africa in terms of macro-economic stability.