Africa-Press – Botswana. Business Botswana launched the Private Sector Development Strategy (PSDS) 2024-2029 and Private Sector Development Programme (PSDP), which is a blueprint for the private sector development in Botswana over the next four years.
When officially launching the strategy and the development programme in Tlokweng last week, the Managing Director of Bank Gaborone, Ms Olebile Makhupe said the initiative represented not just a policy framework, but an ambitious blueprint designed to drive sustainable economic transformation and position Botswana’s private sector as a globally competitive force.
“This strategy is a testament to our shared vision of a private sector-led, export-driven economy, one that fosters innovation, expands industries, and embraces new market opportunities,” she said.
Ms Makhupe said Botswana had long been recognised for its stable economic foundations, rich resources and strong institutional frameworks.
“We stand at the threshold of a new era-one that calls for a dynamic, diversified, and resilient private sector that will drive national economic development.”
She said a thriving private sector did not emerge by chance, but was cultivated through deliberate action, investment and collaboration.
“The PSDS outlines key focus areas that will set Botswana’s businesses on a trajectory for global success among them economic diversification and industry expansion, strengthening production and export capacity, and empowering SMMEs and the informal sector. At Bank Gaborone, we are committed to supporting businesses in these sectors by providing tailored financial solutions, advisory services, and investment facilitation that enable long-term resilience and growth,” she said.
She said Botswana’s future prosperity depended on its ability to compete on a global scale and that the strategy called for increased production capacity, upgraded infrastructure, and an environment that fostered innovation.
Ms Makhupe said by expanding the export basket and creating high-value products, they opened doors to international markets and build sustainable revenue streams for businesses and the nation. She said the Small, Medium, and Micro Enterprises (SMMEs) and the informal sector were vital components of the economy as they drove job creation, fostered entrepreneurship and fueled innovation.
“The Private Sector Development Strategy is not just a government initiative, it is our strategy. It belongs to every entrepreneur, business leader, corporate entity, investor, and stakeholder who envisions a prosperous future for our nation. I urge all of us to actively engage, collaborate, and commit to aligning our strategies with the PSDS,” she said.
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