ANNOUNCEMENT 28 Jan 2010In January 2010, the government of Botswana announced a change in private-sector financial support.
NUMBER OF INTERVENTIONS
"Government strict on textile industry relief programme," Ministry of Trade and Industry, http://www.mti.gov.bw/index.php?view=article&catid=59:latest-news&id=239:government-strict-on-textile-industry-relief-programme&option=com_content&Itemid=10
Further information about this package can be found in the following annoucement "Motowane advises businesses to use Special Support Fund package" on the same website (29 April 2010).
In response to greater import competition from East Asia and the global economic downturn in general, the Government of Botswana decided in January 2010 to introduce an employment-related subsidy and special loans for eligibile textile companies. From the government budget, half of the salary of each employee will be paid. Moreover, loans may be applied from theCitizen Entrepreneurial Development Agency (CEDA).
It was reported at the time that local textile manufacturers wanted a scheme of export-related credits, that could in turn be used to import textiles and yarn, to be continued. The fate of this scheme was not clear at the time of the 28 January 2010 announcement.