The Director of International Trade in the Ministry of Investment, Trade and Industry made the startling revelation today that billions were lost in revenue for potential local businesses in areas as diverse as Spreads like Peanut butter P24m, Jam P 5m, Diary products such as Yoghurt P94m, Cheese P21m, Textiles Hats and caps P30m, Protective wear P12m and Linen (bedding e.t.c) P15m.
The Government has purchased P12.566 billion worth of goods and services since inception of the Economic Diversification Drive(EDD) in 2010 officials revealed Monday at the Annual job Summit at the Gaborone International Convention Centre(GICC).
- Total income increased by 27% year on year
- Loans and advances grew by 18% to P10bn
- Customer liabilities grew by 10% to P10.5bn
- Credit Impairments have reduced by 16% year on year