Minister of Investment, Trade and Industry, Bogolo Kenewendo says the fourth industrial revolution presents opportunities for countries like Botswana to deal with a number of problems, among them high levels of unemployment.
Kenewendo was speaking at the 48th St Gallen Symposium in Switzerland on the future of work, Artificial Intelligence, challenges and opportunities of job creation in the fourth industrial revolution. “We see the fourth industrial revolution as a potential, we see opportunities for us to deal with the challenges that we have not been able to deal with to date,” she told delegates at the symposium.
Kenewendo further said Botswana is readying herself to take advantage of the demographic dividend that will be presented by the growth in population in Africa. It is said that Africa will have the largest population of young people by 2100 and will contribute 80 percent of the four billion rise in global population by that time.
“This is the demographic dividend we want to harness.” She appealed to the international business community as well as young people to take advantage of opportunities that arise from industrial revolution. “We recognise that innovation and productivity are keys to unlock high growth and catapult us to even become a high income country,” Kenewendo said.
“I am inviting you to invest in Botswana and unlock the possibilities presented by the fourth industrial revolution.” Kenewendo urged those that are threatened by the digital divide to see opportunities, especially those that have been traditionally excluded and left behind. “We are all looking towards working together as government, private sector and all to ensure that the forth industrial revolution helps take us to where we want to be.”
President-Foundation on Economic Trends, Jeremy Rifkin said at the symposium that currently, global GDP has been slowing atleast for the last 10 years, economies project 20 more years of low productivity and high unemployment especially for millennial, and in addition climate change is a real challenge.
He said to counter these challenges, world leaders need to come up with a compelling economic vision for the world. He said there is need for a game plan to deliver on that vision and it needs to be quick.
“It needs to move as quick in the developing world just as in industrialised economies,” he said, adding, “We need to step back here at St Gallen and ask the question how do we create economic paradigm shifts?” The Gallen Symposium is an intergenerational, interdisciplinary symposium that focuses on the following, individual’s response to changing technology; challenges it poses to society; business’s response and ability to create disruption through technology and the role of government in education policies and job creation. The symposium creates relevant debates between leaders of today and future leaders.
6 Best Forex Trading Platforms for Botswana Traders
A trading platform is software which is designed to be used for trading purposes. Whether it is the opening, closing, and managing market positions through a broker, which facilitates trades and connects Batswana traders to global markets.
For Batswana traders to get the most and best out of their trading, it is imperative to ensure that traders choose and use a trading platform which will provide the best, most dynamic trading experience and environment.
This is a proprietary and innovative trading platform developed by AvaTrade, one of the most popular Forex brokers in the industry.
With this trading platform, Batswana traders are provided with complete control over their portfolio. Traders have access to more than 40 Forex pairs and a variety of strategies, spreads, risk reversals, and more.
2. MetaTrader 4
MetaTrader 4 is one of the most used and popular trading platforms in the industry and offers the trade of Forex amidst other financial instruments.
MetaTrader 4 is free to use on desktop, web, and mobile platforms, and offers traders with a variety of options such as three execution modes, a variety of orders, 30 built-in technical indicators, 24 graphical objects, and more.
3. MetaTrader 5
MetaTrader 5, an upgrade from MetaTrader 4, is an institutional, multi-asset and multi-functional trading platform.
MetaTrader 5 is free for desktop, web, and mobile use and features MQL5 language, comprehensive price analysis, algorithmic trading options, the ability to open 100 currency or stock charts simultaneously, 80 technical indicators, and more.
cTrader is a powerful desktop application which provides Batswana traders with a dynamic, and unique approach towards charting, manual and automatic/algorithmic trading.
cTrader has a user-friendly interface with a community featuring 1000s of indicators, trading robots, and documented educational material in addition to cloud data, 24/7 support, a hi-tech design, and Full STP trading, amidst numerous other functions.
Thinkorswim is an innovation of TD Ameritrade which was launched in 2009 and has gained a substantial amount of popularity in recent years.
The trading platform offers traders with access to multiple assets including Forex, options, futures, ETFs, and stocks.
It is a desktop-based platform which offers free research, screening tools, real-time data, and numerous features including access to more than 400 technical studies, 8 Fibonacci tools, the ability to analyse option volumes, strategy back testing capabilities, and more.
ZuluTrade is one of the most popular social trading platforms in the industry which is designed for use by all types of traders, from beginners to professionals.
It allows for customization, back testing of strategies, margin call metres, and more. It is one of the most trusted social trading platforms by both brokers and traders alike.
It is imperative that Batswana traders get the best from their trading, and to ensure that they are able to refine and improve their trading strategies, trading styles, and other aspects of trading.
It is therefore necessary that Batswana traders make use of the best broker suited for their needs in addition to a top-quality trading platform.
Gov’t swiftly acts on BMC
Government has moved swiftly to place Botswana Meat Commission under the care of a management firm; the move is meant to put the Commission into shape both operationally and financially.
This was disclosed by Finance and Economic Development Minister, Dr Thapelo Matsheka, further stating the BMC is technically insolvent despite having received nearly P1billion as a bailout in recent times. The new management company will run BMC, which is based in Lobatse starting on the 2020/2021 financial year.
The finance minister made it crystal clear that, the move to appoint a caretaker firm for BMC was made to protect the interests of all stakeholders, including farmers. According to Matsheka, the Minister of Agriculture Development and Food Security, Dr Edwin Dikoloti will provide more details on the BMC changes in due course during his committee of supply speech. Government is also proceeding with the conversion of BMC to a company under the Companies Act following the approval of BMC Transition Bill and subsequent repeal of the old Act.
The repealing of the BMC Act has since eliminated the monopoly of the Commission when it comes to beef and cattle export. The repeal has also enabled government to establish a beef regulator which will be responsible for regulating the beef and the cattle sector. “Another aspect of the transition is the ultimate privatization of BMC.
The objective of the privatization of BMC is, among others, to engage the private sector in the ownership and management of the BMC to achieve operational efficiency and profitability, as well as reduce Government’s future financial commitments in the entity. This would be an important process in the transformation of the beef and cattle sector,” noted Matsheka. BMC which is 100 percent owned by government has been operating with losses for many years due to internal and external challenges such as poor supply and Foot and Mouth Disease(FMD).