Botswana’s President Duma Boko has announced an agreement with Qatar’s Al Mansour Holdings, aimed at addressing immediate national challenges, with the Gulf firm committing to $12 billion in investments in various economic sectors.
The deal signed in partnership with state-owned Botswana Development Corporation will focus on key sectors including infrastructure, energy, mining, diamond refinement, agriculture, tourism, cybersecurity, and defence, Boko said in a post on Facebook.
“This historic move will be enough to address immediate challenges facing the country,” said Boko.
The Qatari delegation arrived in Botswana on Wednesday on an investment mission to explore strategic opportunities and bolster bilateral economic ties.
Renowned for its diamond wealth, the Southern African country has been striving to diversify its economy by attracting foreign investment and strengthening its position in global markets.
Reuters/Hauwa M.