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President Advocate Duma Boko has officially launched the Botswana Economic Transformation Program (BETP), a bold national initiative aimed at revitalizing the country’s stagnant economy and reducing unemployment.
Speaking during the launch, President Boko acknowledged Botswana’s over-reliance on diamonds and widespread poverty, calling the current economic situation “a national inflection point.” He stressed the need for urgent reforms to diversify the economy and build resilience.
The President outlined a four-point agenda focused on shifting Botswana towards a services-led economy, establishing the country as a regional financial hub, leveraging its political stability to attract investment, and delivering sustainable, inclusive growth.
“Our transformation will not be slow – we will sprint,” said Boko, referencing global success stories like Dubai and Singapore as models.
The program also includes the introduction of economic transformation labs to fast-track investment opportunities and dismantle bureaucratic delays. To drive implementation, Botswana has partnered with Phemandu Associates, a world-renowned transformation firm, already working on the ground.
Progress will be tracked via a Presidential Delivery Dashboard, ensuring transparency and accountability across all ministries.
“This is not a plan for the privileged few. It’s for every citizen, every village, every town,” President Boko said.
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ANOTHER MEGA INVESTMENT DEAL, OMAN SOVEREIGN WEALTH FUND COMING UP!
As part of our ongoing efforts to revive and revitalise Botswana’s economy, we are pleased to announce that another major investment deal is about to be concluded, this time with the Sovereign Wealth Fund of Oman.
This strategic partnership will focus on key sectors critical to our nation’s growth and development, ultimately aimed at improving the quality of life for the people of Botswana. We remain committed to fostering sustainable investments that support our long-term vision for economic transformation.
#StrategicPartnership
#omaninvestment
This morning, Botswana makes history as BOTSAT-1 finally launches into space!
Developed by the Botswana International University of Science and Technology (BIUST), our first satellite will revolutionize precision farming, disaster monitoring, and climate tracking.
After delays due to technical and weather challenges, it has passed all tests and is ready to soar. A proud moment for Botswana! 🇧🇼
#botsat1 #spaceinnovation #proudlybotswana #biust
