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1. Financing Public Private Partnerships (PPPs) in Botswana Through The Capital Market

Author:
Kelesego Mmolainyane
Publication Date:
03-2020
Content Type:
Working Paper
Institution:
Botswana Institute for Development Policy Analysis
Abstract:
In her quest to further graduate to the high-income status, Botswana seeks to invest more in infrastructure development for both productive and social use. An efficient and effective infrastructure provision is fundamental to excellent public service delivery and access. Sadly, Botswana, like many other world economies, has a challenge of having an infrastructure financing gap. One of the innovative ways to fill this gap is through public private partnerships (PPPs) with the capital market that has excess liquidity. Infrastructure PPPs are complex and capital intensive projects that require project finance experts to advise parties involved regarding returns and risks associated with each project. Various project-financing models can be designed to suit project specifications and they cannot be over-generalised for all PPP projects. Nevertheless, given the tight fiscal space, Botswana now, more than ever, should consider issuing PPP bonds and applying user changes model to finance economic PPP infrastructure for sustainable and inclusive economic growth.
Topic:
Markets, Infrastructure, Finance, Capital, and Public-Private Partnership
Political Geography:
Africa and Botswana

2. The Impact of Macroeconomic Variables on Capital Market Development in Botswana’s Economy

Author:
Koketso Molefhi
Publication Date:
03-2019
Content Type:
Working Paper
Institution:
Botswana Institute for Development Policy Analysis
Abstract:
The study examines the impact of macroeconomic variables on stock and bond markets development in Botswana using Autoregressive Distributed Lag (ARDL)-Bounds Test. The results indicate that macroeconomic variables have an impact on capital market development in Botswana. In the short run, real output, money supply and inflation have a positive influence on the development of the stock market, while real exchange rate retards its development. Real output further supports the development of the stock market in the long run. For the bond market, only two variables, inflation rate and lending rate have positive and negative impact on the bond market in the long run respectively, while none of the variables influence the bond market in the short run. Policy implications include increased efforts by policy makers to increase money supply, gross domestic product for the development of stock market, while the bond market development requires a decrease in lending rates.
Topic:
Economics, Markets, Capital Flows, Macroeconomics, and Economic Development
Political Geography:
Africa and Botswana

3. Education and Labour Market Activity of Women in Botswana

Author:
Goitseone Khanie
Publication Date:
03-2019
Content Type:
Working Paper
Institution:
Botswana Institute for Development Policy Analysis
Abstract:
This study examines the prevalence of female participation in labour market activities and investigates the role played by education in this participation. Using the 2015/16 Botswana Multi Topic Household Survey data and a multinomial logit model, the study found that women with tertiary education are more likely to be wage employed relative to self-employment, whereas those with lower to no education are more likely to be unemployed or out of the labour force. This is because higher education is normally considered a prerequisite for most wage jobs. It is therefore imperative for the government to continue educating women beyond secondary level as it will better equip them to participate in more meaningful labour market activities. On the other hand, there is need to stimulate the demand side of the labour market in order to accommodate the rising numbers of women with high levels of education. In order to encourage participation of women in high rewarding self-employment activities, there is need to intensify empowerment schemes that are largely oriented towards their self-employment.
Topic:
Education, Markets, Labor Issues, and Women
Political Geography:
Africa and Botswana

4. The Impact of Trading with China on Botswana’s Economy

Author:
Kedibonye Sekakela
Publication Date:
09-2014
Content Type:
Working Paper
Institution:
Botswana Institute for Development Policy Analysis
Abstract:
The objective of this paper is to examine the impact of trading with China on Botswana’s domestic and third markets. The paper also assesses the structure and magnitude of Botswana-China bilateral trade. Botswana’s trade balance with China has been widening over the past decade, with Botswana mainly exporting primary products and importing intermediate and capital goods, which are mainly used as inputs in the development of infrastructure in the country. The increased import penetration from China is associated with Botswana’s reduced total manufacturing output. China’s Textile, Clothing and Footwear (TCF) exports gained market share from Botswana’s TCF exports in the third markets, that is South Africa. There is a need to consider ways of enhancing Botswana’s export competitiveness and there are also lessons to be learnt from China in relation to enhancing productivity in the TCF and other exporting industries.
Topic:
Development, Markets, Bilateral Relations, Infrastructure, and Exports
Political Geography:
Africa, China, Asia, and Botswana

5. Staple Food Prices in Botswana

Author:
BIDPA
Publication Date:
05-2010
Content Type:
Policy Brief
Institution:
Botswana Institute for Development Policy Analysis
Abstract:
What were the Causes of the 2007-9 Global Food Crisis? i) The main causes for the food crisis were the increase in oil prices together with subsidies for bio-fuels provided by food exporting countries. The introduction of bio-fuel subsidies by the US for maize derived ethanol contributed significantly to the food crisis. Changes in the value of the US dollar also worsened the crisis. ii) Almost all major food exporting countries have now established substantial bio-fuel mandates whereby a certain percentage of national transport fuel requirements will come renewable sources biofuels. These can easily be raised for bio-diesel which creates an increase in demand for the feedstock. This is a low cost way for governments of providing state support for farmers. iii) According to the World Bank, for every one percentage point increase in the barrel price of oil the price of maize will rise by 0.9% for all oil prices above USD50 per barrel (World Bank 2009, p7). This now links oil prices directly to maize.
Topic:
Markets, Food, Economy, and Food Crisis
Political Geography:
Africa and Botswana

6. Trade Facilitation and Export Diversification in Botswana Part II: Transport

Author:
Margaret Sengwaketse
Publication Date:
06-2007
Content Type:
Policy Brief
Institution:
Botswana Institute for Development Policy Analysis
Abstract:
This brief reviews the contribution that transportation makes to trade facilitation in Botswana. As a landlocked, export-driven economy, efficient transport and transit procedures are important to support competitiveness and export growth. Transport costs are particularly important to landlocked countries, where the additional distances to be covered can increase product prices, undermine the competitiveness of exports, and generally make it more difficult to compete in international markets. The policy brief draws from the findings of the 2005 BIDPA and World Bank study entitled "Diversifying Botswana's Exports: An Overview," as well as other relevant studies.
Topic:
Markets, Diversification, Trade, Transportation, and Customs
Political Geography:
Africa and Botswana