Home / Knowledge / News / Power shortage, serious obstruction in economic growth
Power shortage, serious obstruction in economic growth
07
Feb '08
In 2007 Botswana transformed itself for one of the poorest countries in the world to a middle-income country according to one of the surveys conducted. The country has one of the fastest growth rates, but the recurrent power cuts is creating blockage in the economic growth for the next fiscal year.

Due to increase in the demand of power which is not being fulfilled many industries are now shifting to other options like fuel-operated generators. The Government has also raised the prices of petrol and diesel recently which will boost the cost of production. this in turn will hamper the export earnings of the country.

Industry insiders fear that if the power cuts continue, it will not allow Botswana to reach the desired target Vision 2016.

Further, the expansion of Morupule Power Plant which is run by the Botswana Power Corporation (BPC) will come in effect only in 2011. Looking at the current scenario, experts suggest that the private sector to come forward to its aid by venturing into independent power supply.

Recently announced statistics show that increased demand for gold and textile from US helped the economy to earn higher foreign currency.

Must ReadView All

President Tsai Ing-wen delivering remarks before boarding her plane bound for Central America. Courtesy: Presdient's office

Textiles | On 16th Jan 2017

‘Textiles at centre of Taiwan’s new trade arrangements’

Textiles should be at the heart of Taiwan’s thinking while developing ...

Apparel/Garments | On 16th Jan 2017

Ralph Lauren develops policy on tracking wood based fabrics

In a bid to trace source of wood based fabrics like viscose and rayon ...

Apparel/Garments | On 16th Jan 2017

EC proposes enhanced market access for Sri Lanka

The European Commission (EC) has proposed that a significant part of...

Interviews View All

Cyril Pereira
Reed Exhibitions India, organiser of Asian Machine Tool Exhibition 2016

'Major problem in the textile machinery manufacturing industry is the lack ...

Nuno Venda
ROQ

‘There has been an increase in demand for water based inks, rather than...

Giovanni Pizzamiglio, Paolo Crespi & Riccardo Robustelli
Epson, For.Tex & F.lli Robustelli

‘The percentage share of printing in the global textile market is pretty...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
January 2017

January 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search