Botswana Democracy Beacon for Investment

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Botswana Democracy Beacon for Investment
Botswana Democracy Beacon for Investment

Africa-Press – Botswana. A recent unprecedented peaceful transition in Botswana should be a resounding assurance to the business community that Botswana is a safe haven for investment, President Advocate Duma Boko has said.

Addressing the business community in Brussels, Belgium during Botswana Business Dialogue yesterday, he said following the recent national elections, former president Dr Mokgweetsi Masisi’s concession as results trickled in, was a significant moment that underscored Botswana’s commitment to democratic principles, befitting enough for investors to choose Botswana as their business destination.

President Boko assured potential investors that Botswana was renowned across the world for durable partnerships.

He said despite Botswana’s democratic traditions, the country was firm and operated on trusted good faith with credible institutions.

“You could not be safer anywhere in the African continent than you are in Botswana. We want to make your investment more enjoyable,” he said.

President Boko said there were immense opportunities in the diamond industry, agriculture, ICT, healthcare and other sectors of the economy, which he said were essential in the diversification of the economy away from minerals as well as job creation.

“All these are ripe for investment and innovation. I urge you to work with us to explore these opportunities, take advantage and invest,” he stressed.

He said Botswana with a population of 2.4 million may seem small, but was a well-positioned gateway market for the continent, bordering Namibia, South Africa and Zimbabwe.

He said Botswana’s strategic importance played a crucial role in driving investments, adding that government would remove obstacles that hindered investment and strive to remove all that may thwart or frustrate partnerships.

He said government also recognised research students to give insights on blind spots.

For her part, De Beers chief peoples officer, Ms Malebogo Mpungwa said investors in the diamond or mineral space should rest assured that their investment was safe with Botswana.

She said the country carried a track record of good governance, rule of law and people-centered development.

She said De Beers and Botswana had a reciprocal relationship, adding that proceeds for every diamond sold were invested in the communities.

Minister for International Relations, Dr Phenyo Butale hailed President Boko’s commitment to fostering bilateral relations with other countries.

Dr Butale said the dialogue provided an opportunity to converse with the European private sector, who shared experiences and willingness to participate in Botswana economy.

He said Botswana had made strides in creating a conducive environment for investment, characterised by political stability and economic reforms.

“Botswana stands ready to welcome strategic investments that drive innovation and create meaningful impact,” he said.

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