Africa-Press – Botswana. Oman and Botswana have signed four agreements aimed at building long-term cooperation across the energy, mining and financial sectors, marking a significant step in strengthening economic ties between the two countries.
The accords were finalised in Gaborone during a visit last week by Abdulsalam al Murshidi, President of Oman Investment Authority (OIA).
The first agreement covers cooperation between OQ Group and Botswana Oil. It includes joint studies, identification of investment opportunities in energy infrastructure and storage, capacity building, and the exchange of regulatory and technical expertise.
A second agreement, signed between OQ Trading and Botswana Oil, focuses on studies related to energy and product trading. It also explores supply opportunities for energy products in Botswana and assesses a framework for supply, assembly and long-term marketing within regional markets. The deal includes provisions for information exchange, capacity building and supporting regional energy trade.
The third agreement was signed between O-Green — Oman’s government-backed clean energy platform — and Botswana’s Ministry of Minerals and Energy. It aims to develop renewable energy projects, including solar, wind and battery storage systems, with a potential combined capacity of up to 3GW.
The fourth accord establishes a partnership between Maaden International Investment and the Botswana Geoscience Institute to explore minerals, including gold and diamonds. The cooperation includes the exchange of technical expertise and the use of Oman’s global partnerships in mineral production and extraction.
The agreements were signed by Ashraf al Mamari, CEO of OQ Group; Mustafa al Hinai, CEO of O-Green; and Mohammed bin Abdul Rahman al Balushi, COO of Maaden Investment Group. Signatories from Botswana were David Tsere, Acting Minister of Minerals and Energy; Meshack Tshekedi, CEO of Botswana Oil; and Olefile Cisko, CEO of the Botswana Geoscience Institute.
Botswana’s President, Duma Gideon Boko, met Murshidi to review ways to strengthen economic cooperation. He expressed appreciation for the efforts of the Omani side, noting that the agreements would support Botswana’s goal of achieving energy self-sufficiency and eventually becoming an electricity exporter. He said Botswana would take the steps needed to ensure the projects are implemented effectively.
Murshidi reaffirmed Oman’s commitment to moving quickly on the agreements, noting their alignment with Oman Vision 2040 and Botswana Vision 2036. He said the projects mark the beginning of a broader partnership, with additional initiatives expected to follow.
For More News And Analysis About Botswana Follow Africa-Press
