Aired September 2010

Brunei Darussalam. A land of opportunity. A small, peaceful and stable oil-rich Sultanate, Brunei is one of the wealthiest nations in the world.

Using the proceeds from oil and hydrocarbons to build a powerful economy, Brunei has made great progress in securing continued growth and stability for its citizens. Brunei has a solid macroeconomic stability rating and some of the highest GDP per capita figures in Asia.

Brunei is located on the northwestern shores of the island of Borneo, sharing borders with the Malaysian provinces of Sabah and Sarawak. It is roughly nine times the size of Singapore. The capital city is Bandar Seri Begawan.

Brunei is a nation with great potential, and plans are now under way to open up the economy even further to the rest of the world.

Brunei is home to the world’s longest unbroken reigning dynasty, with 29 Sultans of the same dynasty at rule since 1363. The current Sultan, His Majesty Sultan Haji Hassanal Bolkiah, has been integral in shaping Brunei’s political system and national character.

Brunei’s economy has been dominated by the oil and gas industry for almost a century, with hydrocarbon resources accounting for over 90% of its exports and more than 50% of its gross domestic product. However, there is a rising awareness in the country of depleting natural resources and the subsequent need to diversify the economy.

A conservative fiscal policy and high levels of budgetary surpluses have laid the foundation for Brunei’s solid economic framework, despite the recent global financial crisis. While foreign exposure used to be limited, the government of Brunei is taking active steps to bring international investors into the country.

ISLAMIC BANKING

The global financial crisis has had a limited impact on Brunei’s financial sector. Both domestic and international banks continue to be well-capitalized and profitable, due to a concentration on commercial and retail banking activities as well as a cap on personal lending. It is an example to the rest of Asia of continued financial resilience and stability.

Finance remains one of the fastest-growing sectors in Brunei. Today, Brunei is also working towards being a leader in Islamic or Sharia-compliant finance, and this segment has gained a considerable share of the country’s banking activity.

Brunei’s government has been pushing banks to take on a more active role in the development of local businesses as part of its long-term goal of economic diversification. The next few years could be profitable for the financial sector as it becomes a more active participant in Brunei’s economy.

INVESTMENT INITIATIVES

Brunei has the potential and the resources to accommodate serious investors and projects. Here are some of the recent noteworthy initiatives spearheaded by the Brunei Economic Development Board.

The SPARK Industrial Zone is set to be a world class petrochemical hub and is currently the site of a Methanol Plant developed by the Brunei Methanol Company. Proposals from foreign investors in the petrochemical industry are definitely welcome.

The iCentre, Brunei Darussalam’s first ICT incubator, is the first phase of the Business and Technology Park being developed to support local business and technology development. Here a number of bright young entrepreneurs are developing innovative ideas helping to bring technology made in Brunei overseas.

The PMB Muara Island project is situated in Brunei Bay, where work is underway on an integrated development comprising a container port, export processing zone and manufacturing hub. Divided into economic, community and lifestyle & tourism zones, this project will fully capitalize on Pulau Muara Besar’s strategic location within Brunei and the rest of Southeast Asia.

TELECOMMUNICATIONS

Brunei has a very strong commitment to informations and communications technology development. Rather than expanding ICT manufacturing as an industry, Brunei is evolving its ICT service sector to be globally competitive due to the country’s small size and limited manpower.

The government of Brunei has allocated 12 percent of its National Development Plan budget to the ICT sector and includes funding to further enhance human capacity building and the development of small and medium sized enterprises. With modern infrastructure and high mobile penetration levels, the ICT sector is looking to introduce new value-added services and local innovations. Local telecom operators are converging voice and data services and transforming themselves into integrated IT media companies.

The Asian continent has always been a pioneer in ICT services, and Brunei is trying to make its own mark while keeping up with technology. In the end, everyone wins, and now more than ever the people of Brunei are enjoying successful means of communication.

HALAL INDUSTRY

The Halal food market is a huge international market, widely estimated to be worth over 500 billion US dollars a year. Halal food is food or drink that is prepared in accordance with Islamic law.

Brunei aims to tap into this highly lucrative market with the creation of the Brunei Halal brand. This intensive branding effort is a government project initiated by the Ministry of Industry and Primary Resources in a move towards developing a diversified, competitive and sustainable economy.

Brunei has set sights in becoming one of the major players of the Halal industry globally, both in terms of Halal food production and certification, with the sheer aim of catering premium quality Halal food for the Muslim population worldwide.

Brunei’s halal standards are stricter than in many countries. This rigorous reputation goes along with the country’s image of spiritual and environmental purity. The Brunei Halal brand is truly global in the sense that it can be attached to any product that meets its precise standards, regardless of where the product is manufactured.

Halal food is not only intended for Muslims. While many consumers around the world see Halal as being associated with the Islamic community, Halal is for everybody and can be viewed as a form of food safety, regardless of religion.

BRUNEI’S TOURIST DELIGHTS

Don’t be fooled by its small size. Brunei is known as the Kingdom of Unexpected Treasures, and visitors can have a variety of memorable experiences. Here are some of the country’s tourist highlights.

At number 5 is the opulent Royal Regalia Museum. This gives a good insight into the decorum and pomp of Brunei’s royalty, including some of the Sultan’s most cherished mementos.

The famous Ulu Temburong National Park makes it to number 4 on our list, where serious nature lovers can experience the rainforest at its most pristine and appreciate having untouched, unfettered jungle almost to themselves. Truly, the green heart of Borneo.

One of the Islamic world’s architectural wonders, the majestic Sultan Omar ‘Ali Saifuddien mosque is a sight to behold, making it to number 3 on our list.

At number two is Kampung Ayer in Bandar Seri Begawan. This is the world’s largest water village, where wooden houses on stilts combine a traditional lifestyle with the amenities provided by the wealth of the country.

And what tops our list? The Empire Hotel and Country Club. A true Asian jewel, this opulent and sprawling resort is a haven of tranquility and has some luxurious suites affordable only to the world’s rich and famous.

TOURISM

Whether it is enjoying bountiful nature… admiring the grandeur of Brunei’s ancient yet thriving monarchy… or discovering the rich culture and heritage of the Malay people…, Brunei is Asia’s best-kept travel secret. Brunei does not aim to be the next Thailand or Malaysia. Instead, its strengths lie in its natural and cultural purity. It is truly something different.

Brunei’s tourism department is committed to strategic marketing, working closely with both local and foreign industry partners in ensuring a sustainable tourism policy and maintaining a unique tourism image.

One of the areas where Brunei has a competitive edge is in the area of luxury tourism, as evidenced by its world-class hotel and resort infrastructure.

Vast stretches of tropical rainforest still cover 80 percent of the country. The Sultan of Brunei is intent on preserving this pristine environment, and ecotourism programs are abundant.

There is no better time to experience Brunei. Now that tourism development is firmly on the agenda for the future diversification of the oil dependent economy, Brunei is ready to make a memorable mark on the global travel market.

CONCLUSION

A stable economy… A caring monarch… Some of the friendliest people in Asia… And more to discover for foreign investors… Selamat detang ke Brunei… Welcome to Brunei… The land of opportunity…

Aired November 2010

Mexico. One spectacular country.

Enriched by a frantic pace of industrialization and sustained by thousands of years of ritual and tradition.

There is the Mexico you thought you knew… And the Mexico you need to know.

A nation on the verge of an economic miracle. This is Mexico.

The story of Mexico has always been one that is extraordinary and enterprising. In 2010, Mexico celebrates it’s 200th year of independence, and the eyes of the world are now fixed on this most vibrant of Latin American nations.

Mexico is a viable and competitive destination for American investments and capital, with a business climate that is one of the region’s most strategic and prosperous.

For the first time in decades, Mexico is seriously showing unprecedented reforms and advances, both political and social, that are renewing the optimism and pride of its people. Mexico is a much more democratic, pluralist and open society than it once was.

Mexico is heavily dependent on oil exports, trade with the United States, and money sent home by the millions of migrant workers in the US. Since the North American Free Trade Agreement, or NAFTA, took effect in 1994, trade with the US has been the single most important factor in Mexico’s wealth. It is now the world’s 12th-largest economy and the United States’ third-biggest trading partner.

A Vision of Infrastructure for the 21st Century

600 miles from Mexico City is the city of Monterrey. One of the goals of Mexico’s current administration is to have a quality infrastructure index rating. Airports such as Monterrey International Airport are a good barometer for the country’s transport infrastructure. In 1998, the Mexican government began privatizing operations within the national airport system, a policy that aided in the aviation industry’s remarkable growth. Today, Mexico has the most developed airport infrastructure in Latin America.

Monterrey’s industrial prowess makes the state of Nuevo Leon a pillar of the national economy. This growth, along with new entrants into Monterrey’s business scene, is fueling various construction projects. While Mexico’s construction industry is feeling the effects of the global recession, the impact is not as great as past economic downturns. Large industrial and infrastructure projects are still going forward as the government steps up public works spending and private financiers take advantage of lower material and labor costs. No project is too big for Mexican construction firms, with a reliability and impressive track record to rival its American counterparts. The stimulation of construction is a way to spur Mexico’s economic growth. And in Monterrey, the country’s architectural and infrastructural vision of the 21st-century is on brash display.

Mexico has the second-largest information technology market in Latin America. Combined with an acceleration in economic activity, the introduction of new technologies and significant increases in infrastructure investment, this has set the stage for a rapid rise in telecom revenue and density.

But a dark cloud still hangs over the sector. Telmex, Mexico’s main telecom company, has been a de facto monopoly since the 1990‘s. In 2010, Forbes Magazine ranked business magnate and Telmex owner Carlos Slim as the richest man in the world. Carlos Slim has had a lot of help from the government, and his competitors are furious about his significant monopolies and regulatory control.

Monterrey businessman Gustavo de la Garza is one of the people going against Carlos Slim’s tyranny.

A cost-competitive advantage to healthcare

Mexico, and Guadalajara in particular, is fast becoming a destination of choice for American patients looking for both a financially-reasonable and value-added treatment option for their medical needs.

Many private medical centers in Mexico accommodate up-to-date technology and continuing education for its staff, usually within an atmosphere of extravagant comfort that has yet to be adopted by other hospital facilities in Latin America. Health care delivered through private organizations, operating entirely on the free-market system, is of world-class quality and available to those who can afford it.

Mexico’s multi-billion dollar tourism industry

Mexico is a big country with an infinite range of experiences. Everyone goes home with their own vision, their own image, of Mexico. And they always come back. Mexicans treat American visitors to their beautiful country with a warmth and courtesy that is uniquely Mexican.

Mexico savors a cultural blend that makes it unforgettable. Even the rapid development and urbanization brought about by economic growth and tourism has not changed the soul of Mexico.

Mexico presents opportunities to American investors as vast and diverse as the country itself. Mexico’s economic outlook is promising, but much still needs to be done to ensure that the country benefits from globalization. One thing is certain: its political and economic partnership with the United States is one that is beneficial for both countries and is meant to last. Bienvenido a Mexico! Welcome to Mexico!

Aired August 2010

Located at the heart of central and east Africa, Uganda is situated in a region that includes some of Africa’s most economically important countries. With a key position in this strategic location, Uganda today has great potential to become the key investment and business hub in the east African region.

Uganda has consistently attracted people from all over the world. Apart from its open, friendly and hospitable population, other attractions include security, great weather and a history of religious tolerance.

Though landlocked and much smaller than its neighbors, Uganda is well on its way to becoming a regional hub as it borders powerhouses like Congo, Kenya, Tanzania, as well as Rwanda. In addition, all goods going to southern Sudan pass through Uganda, poising it to become a ready hub as borders go down and markets build up in future.

The country today offers a number of advantages for interested investors – at top of the list is an open market economy that allows free repatriation of profits. One of the most economically liberal countries in Africa, a 2003 survey conducted by national agencies indicated that the government’s economic policies had successfully led to a growth in private sector enterprises and investments over the years. In 2006, the country enjoyed a 5% growth rate, and potential investment opportunities in the country are unlimited. Currently, the government is keen to promote private-sector diversification in all industries.

The country’s current developing economy is the result of one man’s vision – His Excellency President Yoweri Kaguta Museveni. In power since 1986, he has been lauded by the West as part of a new generation of African leaders.

The country is a member of several regional organisations, including the East African Cooperation and the Common Market for Eastern and Southern African States (COMESA). These agreements, together with many other advantages, make Uganda a very attractive investment destination

The country today also has one of the fastest growing populations in the world. Nearly half the population is under 16, and one of the challenges currently facing the country is that of providing gainful employment to its population. It is hoped that future investments into the country would help stave what could potentially be a massive brain drain.

While Uganda is already a major energy producer in East Africa thanks to its hydropower stations, it is still attempting to become self-sufficient in the energy sector. The third largest economy in East Africa, Uganda struck commercial hydrocarbon deposits in the Lake Albert Basin and reserves in 2006. With estimates at 2 billion barrels, there has been a surge in foreign investor interest in the budding petroleum sector. The government’s decision to expedite creation of domestic petroleum capacity further fuels investor interest in the country.
But the government is determined to manage its energy sector in a responsible way

The government looks at these new discoveries as an opportunity to generate more jobs, and provide training for Ugandan people.

International energy producers are competing for assets in Africa as traditional fields go into decline, and nations from Venezuela to Russia curb access to their resources. And on the African continent, Uganda is viewed as an attractive zone.

Four international oil exploration companies have been granted Product Sharing Agreements in the country, and are already on the ground in Uganda where 800 million barrels of oil have been confirmed, with an estimated total value of $50 billion.

Prospecting has started in or near Uganda’s Western Rift Valley where surface oil seeps have occurred. In June 2006 discoveries at three fields were announced which have combined reserves of 100 to 300 million barrels. This is a significant find, but modest compared to the known reserves of Nigeria and Angola. 30 million barrels are ready for extraction this year, which would result in an estimated 12,000 barrels a day. The building of a refinery to provide some national capacity to process the extracted oil is also under way.

Tullow Oil, by far the largest oil company in Uganda, refers to the country as the “jewel” in Tullow’s crown. Tullow owns half of blocks 1 and 3A in Uganda and also owns block 2 outright.

In a recent development, the company has begun looking into supplying crude oil to power plants in Uganda in a few months – a move the government hopes will help cut power tariffs, as well as minimise crude and gas flaring in oil fields so as to limit the environmental impact of petroleum exploration and production activity.

The oil production prospect is attracting a broader international investors’ interest.
One of the potential partners of Tullow in the Product Sharing Agreement is TOTAL.

In addition, China, the world’s second-largest energy consumer, is seeking assets in Africa to secure fuel for its booming economy. The Chinese National Offshore Oil Company is thus another strong player in the exploration or “upstream” process.

Other oil companies in the country include Neptune petroleum, and Dominion. One of the challenges the companies are facing is managing the expectations of the people, since oil is new to Uganda,

Another important area for both the government and the private sector companies are CSR projects or what they can give back to the society in the area they are operating in.

“Downstream” is where the various energy products reach customers, and these include petrol stations who are in a good position to partner with foreign investors coming in to the country. In 2008, it was estimated that Uganda consumed about 13,000 barrels of oil a day, and spent 400 US dollars annually on petroleum imports.

Uganda imports all its petroleum products – there is currently no production in the country, but local production is expected to begin soon. Imports come directly through Kenya and Tanzania via trucks.

Consumption, largely based in transportation, rose rapidly in the 1990s; rising by an average of 14% per year from 1993 to 1996, and at about 6% per year since 1997. The rapid rise in consumption is reflected in the growing number of vehicles in the country. Along with other parts of the Ugandan economy, the petroleum industry was privatised and liberalised in the 1990s which resulted in a sharp increase in prices and investment.

Another area of the energy sector that is drawing much foreign interest is that of the provision of reliable electricity, which is a key component to building a stable business environment in the country. Much of the hydroelectric potential of the country is still untapped. Recent discoveries and projects in different energy sectors have sparked the interest of many foreign investors from all over the globe.

One example of a major project in Uganda that is coming to fruition is the construction of a $750 million dam at Bujagali falls on the Nile river – the Bugagali Hydropower Dam in Jinga/Bugagali, about 80 kilometres from Kampala. Following 10 years of study and planning, the project is being assisted by the World Bank. It is a multinational hydro-power project, and is the biggest investment in sub-Saharan Africa. The dam will help supply more electricity to the regions, which currently have only 15% of penetration.

Uganda expects its electricity supply to grow by about 8% thanks to such hydro power stations.

Covering nearly 300,000 square kilometres, Uganda offers ample fertile land, regular rainfall and mineral deposits – all excellent and favorable conditions for a flourishing agrarian economy. Contributing nearly 40% to the country’s GDP, the agrarian economy in Uganda employs 80% of the labour force, and makes up 90% of export earnings, with nearly one-third of the country’s rich red soil under cultivation.
Agro-processing is a major opportunity for investment as it adds value to local produce through the canning and manufacturing process, making it even more suitable for export given its long shelf-life. And with licenses being granted to private exporters, there is indeed much interest in this field.

The massive sugar industries on 1960s are reviving, along with the large tea estates that have been neglected for a long time. Previously strict government controls on the coffee and cotton industry have been loosened, allowing farmers a wider choice of markets.
Livestock production in Uganda is another area in the agricultural sector that has continued to grow at a rate of nearly 5% yearly – a response to the increasing demand for milk and meat in the local market. In addition, with nearly 20% of its surface area covered by lakes, rivers and swamps, the country has a potential fish production of over 275,000 tons annually. Currently employing some 500,000 Ugandans, the industry offers great opportunities for well-organised and comprehensive investment.

Here is Asia Business Channel’s top 5 of the tourist activities you can’t possibly miss.
At number 5 we picked a relaxing boat ride on one of the many lakes in Uganda. Enjoy the various views of beaches, river mouths, forests, villages and wild life both on the water and on the shores.
Spectacular bunjee jumping above the river Nile is at number 4. Not only a challenge for daredevils, but also for those who want to experience the thrill of this extreme sport and the wonderful panorama before and during the jump.
Enjoy animal spotting in a beautiful nature setting. A visit to one of the many national parks makes it to number 3.
At number 2 is white water rafting on the river Nile. The really adventurous can enjoy up to class 5 rapids. Not for the faint-hearted.
And what is the top tourism attraction? Gorilla tracking. Experience an eye to eye meeting with our closest relatives in their natural habitat. You will never forget it.

Tourism is one of the most sensitive and difficult industries to develop, and with a spotted history like Uganda’s, success in the tourism industry was anything but instantaneous. However, the recently redeveloped infrastructure, thanks in part to the burgeoning energy sector and influx of foreign investors, is now having a knock-on effect on the tourism industry as the country is fast emerging as a premier tourist destination in Africa.

Tourism in Uganda today is an important generator of foreign exchange, high-end employment, and investment. There has been increased investment in tourism, particularly in travel accommodation and related facilities. This has enhanced tourists’ experiences of the country.

Uganda is one of the most beautiful countries in Africa, with fantastic natural scenery. Due to this, most of the tourism opportunities in Uganda are focused on its diverse landscape and wildlife. Fondly referred to as “the Pearl of Africa”, Uganda offers nature lovers unspoiled scenic beauty from wide East African plains and expansive savannah grasslands, to rain forests and snow peaked mountains.

The country can be marketed as a new destination with tailor-made packages that are different from the mass tourism that other African countries have been offering. With its rich eco-tourism potential, Uganda is the ideal choice for tour operators targeting niche market areas such as bird watching, observing the gorillas and mountain trekking.

Visitors will find some of the region’s more peaceful national parks, home to half of the world’s remaining mountain gorilla population and a wide variety of bird species and wild range. One of the so far less known touristic places in Uganda is the Budongo forest. It is one of the largest tropical forests in east Africa.. It has the highest concentration of chimpanzees in Uganda and in the region and it is one of the best places to see chimps on the African continent.

The country offers an exceptional opportunity for business in the heart of Africa. With a government keen on developing the economy to its full potential, interested investors can rest assured that they will receive all the support they need to ensure that their ventures into this East African country will be fruitful.

Aired November 2010

Imagine a place where palm trees sway along sun-kissed beaches…

Where life moves to the syncopated beat of a salsa rhythm…

And the beauty of the Caribbean harmonizes with the slick efficiency and progress of modern America…

And imagine having it all… without leaving the United States.

That place is Puerto Rico.

And more than ever, Puerto Rico is becoming an important player in the US economy and industry.

A successful commonwealth in more ways than one. This is Puerto Rico.

The Commonwealth of Puerto Rico is located in the Caribbean Sea, about 1,000 miles southeast of Miami, Florida. The capital city is San Juan.

Puerto Rico is a major hub of Caribbean commerce, finance, and tourism. And Puerto Rico’s standard of living continues to be among the highest in the Western Hemisphere.

A self-help program of economic development and social welfare was started in the 1940s. Much of the island’s crushing poverty was eliminated, done partly through the development of manufacturing and service industries, and an enormous growth in tourism.

Puerto Rico’s constitutional status has long been a subject of political discussion. Strictly speaking, Puerto Ricans do not vote for the President, do not have voting representation in Congress, and have no representation in the Senate. Yet federal laws are approved on a daily basis and affect Puerto Rico. Its future political status remains unclear.

The Role of Microfinance in Puerto Rico’s economy

The Puerto Rican economy has been growing at a steady pace due to the rise of small and medium sized enterprises. Micro-finance sources need to be preserved at a time when the global financial crisis is severely hitting America.

The Economic Development Bank for Puerto Rico was created in 1985 with the purpose of providing financing to small and medium sized companies, creating new employment, and helping economic developments.

The small-scale production activities assisted by micro-credit has contributed to raising the standard of living of thousands of Puerto Ricans, and has enhanced sustainable development.

Just imagine living on a Caribbean Island where the beach is within an hour’s drive no matter where you are, with sun-filled days and warm tropical nights. It is not surprising to learn the number of people moving to Puerto Rico from the mainland US each year, and for good reason. Some people would call it a tropical paradise, the Island of Enchantment.

Puerto Rico’s property market, however, has been stagnant for the past two years due to the US recession. Homeowners wanting to sell their residential properties have been forced to lower their selling prices.

A Caribbean Island with a Difference

Tourism is an important component of the Puerto Rican economy. The commonwealth receives approximately 5 million tourists per year, with one-third being cruise ship passengers. This magical island packs a powerful punch.

Puerto Rico is a Caribbean island with a difference, and exploring its cultural and natural wonders is a delight. And who can forget the lively, spirited, and passionate Puerto Ricans?

The attractive qualities of Puerto Rico are not limited to the island’s natural beauty, but also to its competitive business climate and hard-working populace. Bienvenido a Puerto Rico!

Volks, kort bij haar inwoners én bezoekers, groene stad aan het water, maar toch is Ninove ook stevig verankerd in het economische landschap. Wie zich vanuit Brussel een weg westwaarts door het Pajottenland baant, vindt Ninove aan de oever van de Dender. Zowel via de nabije E40 als via de Ninoofsesteenweg, staat de stad in rechtstreekse verbinding met de hoofdaders van het land.

Aired October 2010

Botswana: A land of economic diversification and progress.

Botswana is a country best known for its rich source of diamonds. However, look beyond the glitter and you will see a diverse economy offering much more than just the sparkling gems.

Botswana’s impressive economic record has been built on a foundation of not only diamond mining, but more importantly prudent fiscal policies, international financial and technical assistance, and a cautious foreign policy. With only 2 million inhabitants, the country can present an impressive annual growth rate of 5 percent. With this figure, Botswana is placed amongst the world’s fastest growing economies.

The overall guiding document for national development in Botswana is Vision 2016, a broad based national approach adopted in 1996 focusing on the aspiration of Botswana towards the 50th anniversary of their Independence. Vision 2016 comprises seven pillars that resonate strongly with the United Nations Millennium Development Goals.

Botswana is a landlocked country, bordering South Africa, Zimbabwe, Namibia and Zambia.
It is dominated by the Kalahari Desert, a basin situated more than 1000 meter above sea level. The desert covers some two-thirds of the country. 80% of the population lives in the eastern part of Botswana, where the three largest urban centers are located. Most important is the capital Gaborone, a vibrant and colorful city.

Botswana became independent from Britain in 1966. It is still part of the Commonwealth.
Since independence,Botswana underwent rapid reforms, both economically and politically.
It held free and democratic elections ever since, in the framework of a multi-party system.
The standard of living for the biggest part of the population has been rising steadily.

The economy thrives essentially on the exploitation of numerous minerals. Amongst them, of course, diamonds are the most important. They account for nearly 40% of the country’s GDP. But the government equally wants to diversify. It has been promoting investments in IT, manufacturing, tourism, infrastructure, finance, only to mention a few. Developing a good transport infrastructure and a modern telecommunication system is another major goal.

Botswana is home to several ethnic groups and tribes. The Tswana form the majority of the inhabitants, counting for roughly 80% of the total population. The people of Botswana also include whites and Indians. The latter are descendants of immigrant groups having arrived in Botswana several decades ago. The main language spoken is Tswana.

Being a country with wonderful sceneries and one of the best wildlife viewing possibilities in Africa, Botswana is investing a lot in its tourism sector. This is done in a responsible way, taking into account all the requirements for a sustainable tourism development. Visitors can
enjoy the thrill of unspoilt environments and surprisingly beautiful spots in all parts of the
country. All this makes Botswana an unforgettable place to discover, either for tourism or for business purposes.

Most of us are familiar with the expression “diamonds are forever”. Indeed since large-scale diamond production began in Botswana 25 years ago, the precious commodity has been crucial in stimulating her economy. Currently the sector accounts for more than 70 percent of the country’s total exports.
When the global financial crisis hit in 2008 and with it a decrease in income available to purchase luxury goods such as diamonds, Botswana’s diamond industry felt the blow strongly.
Mining expeditions were put on hold and many mines were shut down.

Now as the world gradually recovers from the financial crisis, Botswana is also moving forward. Mines have been reopened and exploration projects are underway, especially in areas such as copper, nickel, and coal. Botswana has an abundance of these natural resources, and it is just beginning to tap into them. Botswana is known to have vast coal deposits making it possibly one of the most coal rich countries in the world.

Large reserves of coal bed methane gas, an alternative source of energy, have been discovered in Botswana but have not yet been hugely explored.

Botswana is at once blessed with an abundance of sunlight but also plagued with the lack of rainfall. The water here is excellent in quality. In fact; Botswana is one of the few African countries in the SADC region where you can drink the water straight from the source. However, the lack of rainfall during the summer months and absolutely no rainfall during the winter, means that supply is scarce. This affects not only sectors such as agriculture but also the general well being of the Botswana community.

To counter this problem, the Water Utilities Corporation works in partnerships within the SADC region to build pipelines in order to bring water into Botswana and to recycle the water. To this end, water conservation is extremely important. There is also a pilot project to turn wastewater into drinkable water.

Botswana has created the basics of infrastructure in all the sectors and with water more specifically they have now reached all the villages and areas of habitation. With the demand for water growing in the economy, there is a need to develop schemes and projects to meet the need.

Similar to water there is a need for power. Power generation means the lives of the people are improved enormously: children can have light to read at night and food can be preserved. At present, power comes from three main sources: Morupule, Eskom and imports from two power stations in Mozambique. The infrastructure in place, but due to Botswana’s rapid growth, it has been impossible to keep up with demand. This explains the push in coal exploration and renewable energy sources.

Power is supplied now to all areas of the country, but quantity as well as supply is limited and power has to be cut off regularly in order to continue meeting the needs of the people. The sector has also been building dams and working with the water department to use natural resources such as rivers to generate power. However, it still comes back to the need for technology. Botswana recognizes the rippling effects of providing power at an affordable level to its people. Power generation means the betterment of people’s lives. Opportunities are plenty for investors in regional energy distribution, an area that Petro Botswana has experienced solid success.

For the past forty years, Botswana has ranked among the world’s fastest growing economies. Diamond-led growth combined with sound macroeconomic policies and good governance has moved Botswana from being one of the poorest countries in the world to the upper-middle-income range, with the highest sovereign debt ratings in Africa. Real GDP growth averaged 5 percent over the last ten years but decreased to 3 percent last year due to repercussions of the financial crisis. Balance of payment and fiscal surpluses have built up extensive reserves and reduced Botswana’s already low external debt burden.

Botswana has a small but thriving financial sector that has experienced significant growth in the past decade – primarily a reflection of the substantial accumulation of national resources and the associated high degree of liquidity. An array of financial institutions populates the country’s financial system, with pension funds and commercial banks being the two most important segments by asset size. Banks remain profitable, well-capitalized, and liquid, as a result of growing national resources and high interest rates.

Botswana was named a top investment destination by the World Bank. It is politically stable, has the highest credit ranking and is the freest country in Africa. All this makes Botswana a very attractive hub for all financial services in Southern Africa.

The National Development Bank is a leading bank that provides loans to projects that promote the economic development of Botswana. NDB finances agricultural, commercial property development, industrial and tourism projects. Furthermore, NDB enhances projects that create employment and the transfer of technology just to name a few.

The Botswana Stock Exchange, a member of the African Stock Exchanges Association, has been growing in recent years, with 21 domestic and 11 foreign companies listed. Private investors are estimated to account for under 10% of the total market capitalization. The insurance sector is relatively well developed and supervised. 14 insurance companies operate in Botswana, with total assets equivalent to 16 percent of GDP and insurance premiums amounting to 3.4 percent of GDP.

About 54 percent of Botswana’s population has access to formal or informal financial services, and 43 percent is banked. The overall access ratio is lower in rural areas, where there are 3.8 branches and 73 ATMs per 100,000 people. Mobile banking services have just started to be offered.

Health in Botswana has made some serious strides in recent years. In the area of HIV/AIDS treatment, services are provided free of charge. Currently it is estimated that about 17% of the population is afflicted with HIV/AIDS. However, due to the treatments they receive, life expectancy has increased and overall productivity of the population has increased as well. The introduction of antiviral medicines has allowed the health sector to prevent mother to child transfer of the disease . Today, new generations of people are born free of the disease. Furthermore, education on preventing and contracting HIV/AIDS is carried out vigilantly. All of the efforts mean that for the future, HIV/AIDS will be dramatically reduced.
Malaria is another disease of concern in the country. A number of malaria control interventions have been implemented over the years however challenges still remain in achieving the coverage targets for pregnant women and children under five. Botswana’s aim is to move from malaria control to elimination by 2015.

In terms of quality of care and facilities, Botswana is right up there with the major leaders of the world. Clinics can be found in every village and in the rural areas. The capital city of Gaborone boasts two major private hospitals that cater to the small population. The development of the private sector will help to decongest the public facilities, which operate over capacity.

Bokamoso is the country’s new private hospital that will not only service the local community, but aims to attract international carriers to Botswana. It’s a state of the art facility, which has drawn the skilled force of doctors and nurses back into the country.

The health sector in Botswana provides a perfect example of how public-private partnerships help to develop the industry and health insurance. A cross between the health and finance sectors, health insurance companies have formed partnerships within the government, public, and private companies to develop schemes offering affordable quality care. Although they have yet to offer comprehensive packages of the same caliber as in the U.S., as far as comprehensive basic health care coverage is concerned, Botswana is on par.

The developments within the health sector have also spilled over to the education sector. As a result of the influx and retention of specialists, doctors, and nurses, the hospitals have formed partnerships with the universities to further develop and transform the population into a skilled labor force.

Botswana is a leader in agricultural development in Africa. In the mid 1960’s agriculture was at the heart of Botswana’s economy, contributing to 40% of the country‘s GDP. However by 2007, this figure had fallen to 1.6% due to the vastly increased importance of the mining sector. Now with the government’s goal to diversify the economy and to limit its dependence on diamonds, Agriculture is one of the major sectors that will help to realize this goal. It is widely recognized that the agricultural sector has a tremendous amount of potential, to not only contribute to the growth of Botswana but also to economic diversification.

Commercial agriculture is practiced alongside traditional, subsidence farming, which supports the majority of rural households. Despite the sector’s minimal contribution to export revenues, investments continue to be made in agriculture. The sector plays an important role in enhancing rural incomes and providing food, employment and investment opportunities to the citizens of Botswana.

A highlight is Botswana‘s beef industry. It is the country’s third GDP earner after diamond and tourism. In light of rising global demand and meat prices, Botswana aims to compete with producers in Europe, Asia and the Americas.

However, for some time, the industry had been hit by foot and mouth disease. Improvements have been made for the industry to begin exporting but before Botswana can become a major player in the industry, these concerns must be addressed.

To this end, the Minister vows to abide by World Animal Health Organization regulations. The Botswana Vaccine Institute’s main focus is to support the livestock industry by producing vaccines of a high quality standard. Botswana’s cattle meets the same standards as the rest of the world and BVI has made this possible by combating the foot and mouth disease.

Botswana has plenty of quality beef and is ready to be a major exporter. For the future the focus will be on overcoming the stereotype that African meat is diseased as well as building the force of commercialized farmers to lead the export business.

In order to realize the goal of a sustainable agricultural development, the acquisition of scarce skills and capital through foreign investment in this sector is essential. Investments need to be made in research and technology, as well as more innovative production, processing and marketing of agricultural commodities.

There are many advantages to investing in Botswana. The politically stable government, good labor relations, favorable tax structures and financial incentives provide the incentives. From a social perspective, the country’s low crime, rate and rule of law also make it very attractive.

Take a look beyond the glitter of diamonds and you will see a a country that recognizes the importance of diversity and offers investment opportunities in diverse areas. Many doors are open in Botswana, the time is now to enter and explore this country that stands proud and tall in southern Africa.

Wetteren wordt een bloemen- en plantengemeente genoemd. De rozen en de rozenteelt zijn erg belangrijk in het toeristisch aanbod van Wetteren omdat de floraliënroute hiermee te maken heeft. Toerisme in Wetteren zit heel erg in de lift. De fietsroute langs de rozenvelden wordt door de toeristen heel erg gesmaakt maar er is ook een prachtig aanbod voor mensen die willen wandelen, de kerk of het gemeentehuis willen bezoeken, beweert Lieve De Gelder, schepen van toerisme.

Aired August 2010

Ecuador. The smallest Andean country in South America.

Spectacular. Epic. Breathtaking.

But amidst this natural beauty and diversity is a nation that is breaking new ground.

Ecuador is a nation struggling to find itself, and there is no better time for American investors to consider its role in the country’s economic development.

At the center of Latin America and the world. This is Ecuador.

With one part lying in the southern hemisphere and the other in the northern, Ecuador is a small, oil-producing country in the Andean region of South America. It is a nation with vast resources and potential, one that is rewarding for investors as it is challenging.

Ecuador is situated along the equatorial line it is named after, bordering Colombia and Peru. The capital city is Quito, while its largest city is Guayaquil.

Ecuador is redefining its role within Latin America and the world, and it is its constant state of flux that has caught the eye of the international community.

Ecuador’s relations with the United States have traditionally been close, although recent events have strained bilateral relations. Negotiations for a bilateral free trade agreement with Ecuador have been suspended indefinitely in the wake of business disputes with the United States, and American concerns over President Rafael Correa’s populist tendencies and state-centered economic policies.

Ecuador remains a market with significant potential for U.S. firms. Ecuador adopted the dollar as its national currency, following a major banking crisis and recession in 1999. The United States still remains Ecuador’s principal trading partner, and Ecuadorians are looking forward to a period of cooperation and dialogue with the United States.

BANKING AND MICRO-FINANCE

The future of Ecuador lies not in the hands of large multinationals or major oil corporations, but rather in the hands of people like these who have decided to embrace the importance of humble entrepreneurship. All this is possible though micro-finance schemes that encourage small businesses to succeed.

In Ecuador, micro-finance is the ticket that gives the impoverished the means to raise themselves out of poverty and for their communities to grow toward economic prosperity while teaching the rudiments of credit.

Twenty years ago, a fruit farmer like Hinojosa Otavalo would never obtain the capital to manage and maintain a farm, as no major bank would have given out such a small loan, much less to a person without collateral. Now, Hinojosa has a positive outlook on his future.

TOURISM

The mythical Galapagos Islands. These scarred volcanic islands adrift from the Ecuadorian mainland are instrumental in changing humanity’s perception of itself. It remains one of the world’s best places for interacting with animals in the wild at close range, and a visit is a fascinating journey back through the history of time itself.

While the Galapagos is definitely a highlight of any trip to Ecuador, the mainland also has its share of riches. Visitors can admire the snow-capped Andes mountains and explore the wonders of the Amazon rainforest, all in the span of a day.

Ecuador is a sustainable paradise. Its commitment to protecting natural, cultural, and human diversity is the country’s main goal. Ecuador is considered to be one of the most diverse countries in the world, and its geographical, biological, and cultural diversity is unparalleled.

Ecuador is a land of contrasts. For better or for worse, change is imminent in this South American nation. “Este es Ecuador, la mitad del mundo”. The Center of the World.