The Botswana government hopes to lure investment in a mining town by cutting corporate tax by up to 77%.
The state-owned copper and nickel BCL Mine was closed in October last year due to financial losses, resulting in close to 8 000 job losses.
Minister of Investment, Trade and Industry, Vincent Seretse, said in a press statement that the tax incentive was part of a package to attract foreign and local investors to the Selebi-Phikwe region which was hard hit by the mine’s closure.
The package includes fiscal incentives, provision of land and a one-stop investment service centre, said Seretse.
