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      Tumisang Orebonye: Overcoming Against Adversity to Reach for the Stars

      ‘Winning The CAF Super Cup Is A Dream Come True’ – Orebonye

      BAA Needs Over P3m For World Champs

      Botswana’s Sporting Future in Jeopardy: School Sports Suspension Threatens Athletic Excellence

      No House For Tebogo Despite Astral Performance in Budapest

      “No Pressure for Tebogo at Diamond League Finals”

      BOKA Aims to Host Two Prestigious International Karate Competitions

      BOKA Aims to Host Two Prestigious International Karate Competitions

      FM Botswana 2022 conference: transformation towards a greener FM 

      StanChart CEO Underscores Role of UB Marathon in Boosting Botswana’s Sports Tourism

      No House For Tebogo Despite Astral Performance in Budapest

      No House For Tebogo Despite Astral Performance in Budapest

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      Botswana to remove cross-border barriers

      Shingirai Madondo by Shingirai Madondo
      October 26, 2022
      in News
      Reading Time: 2 mins read
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      Botswana to remove cross-border barriers

      FRANCISTOWN 17 October 2022, President Dr Mokgweetsi Masisi officially opens the 16th National Business Conferernce in Francistown on 17 October 2022. Business Botswana brings this two days long conference with the theme Roadmap to High-income: Accelerating Transformation. Masisi delivering his speech during the conference. (Pic:Monirul Bhuiyan/PRESS PHOTO)

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      • President says aim is to enhance intra-Africa trade to liberalise
      • Notes Special economic Zones also established with AfCFTA in mind

      FRANCISTOWN: In a move aimed at taking full advantage of unique opportunities offered by the African Continental Free Trade Area (AfCFTA), Botswana is moving fast to remove cross-border barriers.

      President Mokgweetsi Masisi made these remarks earlier this week when he officially opened the 16th National Business Conference held at Adansonia Hotel here. Themed “Roadmap to High-Income: Accelerating Transformation,” the conference was attended by several captains of the industry. “As a nation, we are working hard to remove cross-border barriers to intra-Africa trade to liberalise our markets and make African products more competitive regionally and globally,” the President said. According to the United Nations Economic Commission for Africa (UNECA), AfCFTA is expected to boost intra-Africa trade in goods and services by up to a massive 25 percent by 2040.

      President Masisi said the trade agreement also recognises the need to build and improve the export capacity of both formal and informal service providers, especially Small Medium and Micro Enterprises (SMMEs) in which women and youth actively participate. He added that it is for this reason that development of SMMEs remains pivotal to Botswana’s national goals because the sector has great potential to create the much-needed employment, especially for women and the youth.

      The President said development of Special Economic Zones (SEZ) targeting particular sectors of the economy such as manufacturing and health is also being done with taking advantage of AfCFTA in mind.  “This includes the diversification of the diamond industry where we believe that as the world’s largest diamond producer by value, we should be Africa’s diamond jewellery manufacturing hub,” he said. Last April the government passed the Economic Inclusion Act that seeks, among others, to promote effective participation of citizens in the economic growth and development of the economy.

      A couple of months ago, the Southern African Development Community launched the SADC electronic Certificate of Origin (e-CoO) in Lilongwe, Malawi in a move aimed at securing the trading environment to save time, costs and increase transparency. Addressing the same conference, the president of Business Botswana, Gobusamang Keebine, said as Botswana pursues its objective of high-income status, the country must explore different growth fundamentals and policy choices.

      Tags: Adansonia HotelAfrican Continental Free Trade Area (AfCFTA)Gobusamang KeebineMokgweetsi Masisi

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