Africa-Press – Botswana. President Advocate Duma Boko has announced that Botswana will soon finalise an investment deal with the sovereign wealth fund of Oman. This follows the recent proclamation of over P160 billion investment deal with Al Mansour Holdings.
Officiating during the Botswana Development Corporation (BDC) high level strategic briefing on Friday, President Boko declared that the proposed investment was testament of government’s ongoing efforts to revive and revitalise Botswana’s economy and transform it from a single commodity dependency.
“In the same way that we recently partnered with Al Mansour Holdings through BDC, we now have another formidable agreement with Oman’s sovereign wealth fund. This partnership spans a wide range of sectors, and they are ready to commit and invest,” President Boko said.
He said some entities and key stakeholders would soon visit Oman to finalise the agreement and bring in the kind of Foreign Direct Investment (FDI) that would truly the country.
President Boko said the strategic partnership would focus on key sectors critical to the nation’s growth and development, ultimately improving the quality of life of the people of Botswana.
He thus raised the need for the country to swiftly invest in infrastructure development in readiness for the deal.
“The resources that we are mobilising should position the country to develop world-class infrastructure,” he said.
President Boko further commended BDC for stepping up to offer a platform for the realisation of economic transformation and mobilisation as well as deployment of finance for development.
He pleaded with various government ministries to cohesively work together towards the facilitation of luring FDI into the country in order to power the economy and the society.
Meanwhile, on the sidelines of the Ninth Tokyo International Conference on African Development (TICAD 9), Vice President and Minister of Finance, Mr Ndaba Gaolathe held high-level meetings that advanced Botswana’s economic diversification agenda.
The most significant outcome was an agreement with Toyota Tsusho Corporation, the trading and investment arm of the Toyota Group, to prepare a Memorandum of Understanding (MoU) formalising a strategic partnership that will cover cooperation in green energy, mining, agriculture and water development.
Toyota Tsusho’s interest follows its recent exploratory mission to Botswana and is anchored on the country’s peace, stability, and strong credit rating.
Mr Gaolathe welcomed the commitment, describing it as a milestone that reflected a shared vision for transformative partnership.
He noted synergies in automobile parts manufacturing, linked to Botswana’s drive for copper and base metals beneficiation and efforts to diversify the economy beyond diamonds.
The agreement with Toyota Tsusho, underscores Botswana’s proactive approach at TICAD 9 to secure partnerships that drive investment, create jobs and accelerate transformation.
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