Africa-Press – Botswana. In line with government’s quest for sustainable partnerships and investments to drive inclusive growth and long-term development in pursuit of economic diversification and prosperity for all, government has secured over P160 billion from Qatar’s Al Mansour Holdings.
The investment aims to promote collaboration in areas of mutual interest while driving economic progress and diversification and will be directed into key sectors, including energy, infrastructure development, mining, agriculture, defence, and cybersecurity.
Speaking during the signing of the Memorandum of Understanding (MoU) between Botswana Development Corporation (BDC) and Al Mansour Holdings from Qata, President Advocate Duma Boko indicated that the MoU underscored government’s commitment to driving economic progress and diversification while cultivating stronger ties between the two nations. “This is just the beginning.
I am proud to announce a landmark partnership between Al Mansour Holdings and the Botswana Development Corporation, with Al Mansour Holdings committing US$12 billion (over P160 billion) in investments, to accelerate our national development goals and also to address immediate challenges faced by the country ,” said President Boko.
He explained that the agreement was the culmination of months of intensive engagements between officials from both countries marked by reciprocal visits and strategic discussions over a period of time.
“This partnership is not just about numbers on paper. It is about turning words into real projects, real investments, and real change for our people,” said President Boko.
He noted that the agreement signed was beyond just a chatter of aspirations, but translated into projects that would be scoped, examined and implemented to further cement trade relations between the two nations.
“We trust that going forward there would be easy of contact and communication and quick implementation owing to the elimination of all red tapes and bottlenecks,” said President Boko.
The investment deal, President Boko said was expected to create ripple effects beyond the two countries’ borders.
He said it had the potential to positively impact economic collaborations in Namibia, Mozambique, Zimbabwe and the rest of the region in the context of the integrated broader trading area and African Continental Free Trade Area (AfCTA) framework.
Additionally, a member of the Qatar Royal Family, Mr Sheikh Mansour Bin Jabor Bin Jassim Al Thani said the agreement would transform Botswana into the Doha of Africa.
He said the MoU singing marked more than just an agreement as it was the beginning of a shared vision of prosperity and cooperation with the potential to grow into fruitful benefits for the citizenry of both nations.
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