https://en.sputniknews.africa/20250309/botswana-develops-strategy-for-economic-diversification-continental-trade-growth-under-afcfta-1071005907.html
Botswana Develops Strategy for Economic Diversification, Continental Trade Growth Under AfCFTA
Botswana Develops Strategy for Economic Diversification, Continental Trade Growth Under AfCFTA
Sputnik Africa
Botswana's AfCFTA implementation strategy, bolstered by collaboration among government, private sector, and international partners, seeks to position the... 09.03.2025, Sputnik Africa
2025-03-09T16:46+0100
2025-03-09T16:46+0100
2025-03-09T16:46+0100
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african continental free trade area (afcfta)
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Botswana embarked on the development of the National Implementation Strategy for the African Continental Free Trade Area (AfCFTA) through a consultative forum to drive economic diversification and intra-African trade growth, the Ministry of Trade and Entrepreneurship said.The AfCFTA is not just a trade agreement, but a gateway to Botswana's economic transformation, which will include integrating into continental value chains, ultimately driving job creation and industrialization, the Trade Ministry's official noted.Moreover, the AfCFTA is a "game-changer," poised to create the world's largest free trade area and unlock unprecedented economic potential of African nations, Director of the Regional Integration and Trade Division at the United Nations Economic Commission for Africa (UNECA) Stephen Karingi said.
https://en.sputniknews.africa/20250215/africa-seeks-economic-integration-with-world-while-promoting-intra-african-trade-au-commissioner-1070670063.html
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economy, botswana, southern africa, trade, regional integration, african continental free trade area (afcfta), development, africa, economic growth
economy, botswana, southern africa, trade, regional integration, african continental free trade area (afcfta), development, africa, economic growth
Botswana Develops Strategy for Economic Diversification, Continental Trade Growth Under AfCFTA
Elizaveta Roschina
Writer/Editor
Botswana's AfCFTA implementation strategy, bolstered by collaboration among government, private sector, and international partners, seeks to position the nation as a key player in Africa's trade landscape, the Ministry of Trade and Entrepreneurship said in a statement.
Botswana embarked on the development of the National Implementation Strategy for the African Continental Free Trade Area (AfCFTA) through a consultative forum to drive economic diversification and
intra-African trade growth, the Ministry of Trade and Entrepreneurship said.
"The strategy will enable us to align Botswana's areas of comparative advantage with continental demand, with the ultimate goal of diversifying our economy," Deputy Permanent Secretary of the Ministry of Trade and Entrepreneurship Goemeone Mogomotsi stated at the National Consultative Forum on the AfCFTA Implementation Strategy.
The AfCFTA is not just a trade agreement, but a gateway to Botswana's economic transformation, which will include integrating into continental value chains, ultimately driving job creation and
industrialization, the Trade Ministry's official noted.
"We fully recognize that reaping the benefits of the AfCFTA is not automatic. It requires deliberate strategic interventions at both the national and regional levels," Mogomotsi emphasized.
Moreover, the AfCFTA is a "game-changer," poised to create the world's largest free trade area and unlock unprecedented economic potential of African nations, Director of the Regional Integration and Trade Division at the United Nations Economic Commission for Africa (UNECA) Stephen Karingi said.
"This agreement offers Botswana a chance to move beyond its reliance on diamonds," the UNECA official pointed out at the forum.
