25 March 2025
Botswana’s Vice President, Ndaba Gaolathe has secured pivotal investment and trade agreements during a landmark mission across Europe, reinforcing the country’s global economic standing.
According to the Office of the President on Monday, the mission aimed to strengthen bilateral relations, attract strategic investment and position Botswana as a regional hub for trade, finance and sustainable development. During his engagements in Belgium, Luxembourg and France, Gaolathe promoted Botswana’s status as a leader in democratic governance, ethical business practices and economic transformation.
The delegation’s efforts further solidified Botswana’s reputation as a premier destination for investment and innovation. As one of the world’s leading diamond producers, Botswana holds a prominent position in the global diamond market.
The country is renowned for its rich diamond deposits, ethical mining practices, and innovative beneficiation initiatives, which add value to raw diamonds through cutting, polishing, and trading.
These factors have made Botswana a key player in global markets, and the Vice President’s European mission sought to leverage this strength further. Meetings with the Belgian Deputy Prime Minister and the Antwerp World Diamond Centre secured commitments to strengthen Botswana’s role in the diamond market.
Gaolathe also met with the Antwerp World Diamond Centre and Belgian diamond firms “to explore joint ventures in beneficiation, cutting, and trading, strengthening Botswana’s role in the global diamond market.” Discussions also focused on mineral beneficiation and digital transformation support for Botswana’s SMEs and cooperatives.
Talks with Luxembourg’s finance minister led to an agreement to sign an MoU on financial sector collaboration during the upcoming IMF Spring Meetings.
The vice president also engaged fintech firms and regulatory bodies in Luxembourg to boost Botswana’s digital banking infrastructure and anti-money laundering framework.
The delegation explored investments in green energy, transportation infrastructure, and vocational training. High-level talks with French officials emphasised Botswana’s potential in high-value diamond processing and regional trade facilitation.
Source: https://rb.gy/8s364m
