{"id":53192,"date":"2024-08-13T09:52:28","date_gmt":"2024-08-13T09:52:28","guid":{"rendered":"https:\/\/www.africa-press.net\/botswana\/all-news\/manufacturing-key-to-economic-diversification-masisi"},"modified":"2024-08-13T10:18:01","modified_gmt":"2024-08-13T10:18:01","slug":"manufacturing-key-to-economic-diversification-masisi","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/botswana\/all-news\/manufacturing-key-to-economic-diversification-masisi","title":{"rendered":"Manufacturing Key to Economic Diversification \u2013 Masisi"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Botswana. <\/strong><\/span><b>Botswana\u2019s journey towards becoming a high-income nation by 2036 hinges on transforming her manufacturing capabilities, a recent gathering was told.<\/b><\/p>\n<p>Speaking at the second edition of the local manufacturing summit organised by the Botswana Chamber of Mines (BCM) last week, President Mokgweetsi Masisi hailed the industry as one of the sectors that are key to the country&#8217;s economic diversification and growth. \u201cOur manufacturing sector must deliver for Botswana the results enjoyed by other successful manufacturing economies,\u201d he stated, underlining the sector\u2019s strategic importance in job creation and economic growth. Masisi drew parallels between Botswana\u2019s aspirations and the success stories of the \u201cAsian Tigers,\u201d economies that experienced rapid growth through robust manufacturing sectors. He stressed that Botswana must harness the potential of manufacturing to not only reduce her import bill but also position herself as an export-driven economy.<\/p>\n<p>The President assured stakeholders of the government\u2019s commitment to fostering a business-friendly environment that supports the growth of the manufacturing sector. He announced plans to establish a high-level Botswana Economic Development Board, which he will chair, to eliminate bureaucratic hurdles that impede business operations. This move is part of a broader national strategy to enhance productivity and ensure that Botswana remains competitive on the global stage. Highlighting the necessity of raising productivity levels, Masisi called on local manufacturing firms to strive for international competitiveness. \u201cWe must make some sacrifices and change the way we do business to reach our Vision 2036 goal of becoming a high-income nation,\u201d he said.<\/p>\n<p><strong>For More News And Analysis About Botswana Follow Africa-Press<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Botswana. Botswana\u2019s journey towards becoming a high-income nation by 2036 hinges on transforming her manufacturing capabilities, a recent gathering was told. Speaking at the second edition of the local manufacturing summit organised by the Botswana Chamber of Mines (BCM) last week, President Mokgweetsi Masisi hailed the industry as one of the sectors that [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":53191,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[234],"class_list":["post-53192","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-botswana"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Manufacturing Key to Economic Diversification \u2013 Masisi - Botswana<\/title>\n<meta name=\"description\" content=\"Botswana\u2019s journey towards becoming a high-income nation by 2036 hinges on transforming her manufacturing capabilitie ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/botswana\/all-news\/manufacturing-key-to-economic-diversification-masisi\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Manufacturing Key to Economic Diversification \u2013 Masisi\" \/>\n<meta property=\"og:description\" content=\"Botswana\u2019s journey towards becoming a high-income nation by 2036 hinges on transforming her manufacturing capabilitie ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/botswana\/all-news\/manufacturing-key-to-economic-diversification-masisi\" \/>\n<meta property=\"og:site_name\" content=\"Botswana\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2024-08-13T09:52:28+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-08-13T10:18:01+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/botswana\/sites\/38\/2024\/08\/sm_1723531612.318526.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/manufacturing-key-to-economic-diversification-masisi#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/manufacturing-key-to-economic-diversification-masisi\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/botswana\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Manufacturing Key to Economic Diversification \u2013 Masisi\",\"datePublished\":\"2024-08-13T09:52:28+00:00\",\"dateModified\":\"2024-08-13T10:18:01+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/manufacturing-key-to-economic-diversification-masisi\"},\"wordCount\":267,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/manufacturing-key-to-economic-diversification-masisi#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/botswana\/sites\/38\/2024\/08\/sm_1723531612.318526.jpg\",\"keywords\":[\"Botswana\"],\"articleSection\":[\"all news\",\"economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/botswana\/all-news\/manufacturing-key-to-economic-diversification-masisi#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/manufacturing-key-to-economic-diversification-masisi\",\"url\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/manufacturing-key-to-economic-diversification-masisi\",\"name\":\"Manufacturing Key to Economic Diversification \u2013 Masisi - 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