Botswana: Masisi Attends Summit

Maputo — Click to see more pictures

Masisi will be among African Presidents who will address the 12th US-Africa Business Summit scheduled for tomorrow until Friday in Maputo, Mozambique.

The summit will be attended by over 1 000 US and African private sector executives and leaders during a summit under the theme; Advancing a Resilient and Sustainable US-Africa Partnerships."

Presidents Filipe Nyusi of Mozambique, Paul Kagame of Rwanda, Hage Geingob of Namibia, Uhuru Kenyatta of Kenya, Emmerson Mnangagwa of Zimbabwe, Edgar Lungu of Zambia, King Mswati III of eSwatini and captains of various industries are also expected to speak.

According to a news release from Ministry of International Affairs and Cooperation, the summit will serve as a platform for the US and African business as well as government leaders to, among others, engage on key sectors including agribusiness, energy, health, infrastructure and ICT.

It further says the forum will also help network key private sector and government decision makers and explore new business opportunities as well as meet potential business partners. It will also shape effective US-Africa trade and investment policies.

Since 1997, the US-Africa business summit has been hailed as the most sought-after conference on doing business and investing in Africa.

Also, the summit resonates well with part of President Masisi's roadmap to unlock market and business opportunities for Botswana industries with a view to spurring the economy and creating the much needed employment.

"Botswana will intensify its efforts to unlock market and business opportunities for our industries presented in global trade through agreements such as SADC Free Trade Area, African's Continental Free Trade Area, AGOA, SADC/EU Economic Partnership Agreement, as well as the bilateral agreements we have with other countries and development partners," Dr Masisi had said during his inauguration speech in April last year.

The National Development Plan 11 further buttresses the need to build sustainable industries and integration of Botswana into the world trade and global value chains with a view to increasing her competitiveness and contribution to sustainable economic growth.

"Government will continue to make efforts to facilitate the achievement of the broadest possible free and reliable access to markets for the country's exports of goods and services," reads, in part, NDP 11.

The 2019 summit is especially designed to facilitate and elevate business to business and business to government as well as address the most important challenges to investing in Africa today.

It is expected that at the end of the summit, new business deals will be negotiated and sealed.

The president, who will be accompanied by ministers of; international affairs and cooperation, Dr Unity Dow, mineral resources, green technology and energy security, Mr Eric Molale, transport and communications, Ms Dorcas Makgato and investment, trade and industry, Ms Bogolo Kenewendo as well as some senior government officials, departs today.

While in Mozambique, the President will also attend the tripartite meeting on the Techobanine project with presidents Nyusi and Mnangangwa to review progress on the rail project and way forward.

<i>Source : BOPA</i>

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