Gaborone: Botswana's Competition Authority becomes a reality on Thursday when the country's Minister of Trade and Industry Makgatho-Malesu officially launches the authority's office in Gaborone. Despite being adopted by Botswana in 2009, it has taken two years for regulations to be passed in terms of the Act. It is expected that the Act will now commence in earnest.
Botswana joins a number of other jurisdictions in sub-Saharan Africa, including SA, Mauritius, and Namibia, in adopting Competition Legislation.
"Competition legislation is in line with international trends, and Botswana's implementation of this law is most certainly driven by the ongoing integration of international trade," says Jac Marais, Partner, Competition Law, Adams & Adams.
"Ultimately, Competition Law protects the process of Competition and therefore creates an economic environment in which resources are allocated efficiently to the benefit of consumers," concludes Marais.
