Botswana has secured a $12 billion investment deal with Qatar’s Al Mansour Holdings, a move President Duma Boko says will help tackle pressing national challenges. The investment deal was signed during a recent visit to Gaborone by a Qatari delegation tasked with boosting bilateral relations with the Southern African nation. The strategic partnership, facilitated by the state-owned Botswana Development Corporation, will channel funds into vital sectors like infrastructure, energy, mining, defense, and tourism. The deal arrives at a crucial moment, as the nation’s renowned diamond industry faces a significant downturn that has challenged its economic stability. However, by diversifying its economy and strengthening global partnerships, Botswana aims to reduce dependence on diamonds while boosting resilience.
Reuters
