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Improving Investment Attraction: Key Recommendations for Government Efficiency

This document outlines critical advice from four members—John, Chanda, Edward, and Shamiso—regarding government effectiveness in facilitating and attracting investments. It highlights significant barriers such as excessive taxation, bureaucratic hurdles, and the lack of parliamentary oversight, which can deter investors. The members advocate for clearer definitions of investment terms, improved protection for investors, and the need to better support local communities. Recommendations include simplifying the tax system, revising contractual clauses, and ensuring local community protection in investment agreements.

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Improving Investment Attraction: Key Recommendations for Government Efficiency

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  1. GROUP 4 Members John Chanda Edward Shamiso Lilian

  2. ADVICE TO GOVERNMENT • EFFECTIVENESS IN FACILITATING AND ATTRACTING INVESTMENT • Difficulties in setting-up new Initiatives • Too many taxes (A Tax system should be simple) • Too much bureaucracy • Treatment of Investors after investments have taken place • Taxes introduced in addition to the already long list of taxes • Parliament is not involved to give oversight, hence investor is not protected

  3. EFFECTIVENESS IN FACILITATING AND ATTRACTING INVESTMENT Cont. • Protection of investors in the event of conflict with Government • Some terms are not properly defined e.g ‘friendly basis’, ‘suitable compensation’ should be redefined • Total omission of the local judicial system

  4. MAXIMISING THE BENEFITS AND MINIMISING ASSOCIATED RISKS • Govt ‘s Ensuring of the constant flow of revenue • Taxes if administered well can benefit the Govt • Equity provision of 20% is not enough, Botswana Govt has 50% • Absence of mineral royalties-production based income • Govt should give specific licenses for each mineral commodity • Protection of local community • No specific provision made to protect the local community e.g displacement, compensation of locals by mining companies

  5. MAXIMISING THE BENEFITS AND MINIMISING ASSOCIATED RISKS Protection of local community cont. • Too many taxes which can make monitoring and compliance difficult • No preferential treatment for the local small scale miners • Exploration rights are well phrased to avoid Bogus investments or speculators Possible difficulties • No provision for the revision of clauses

  6. THANK YOU!

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