Botswana has introduced a national strategy to expand its economy and strengthen its role in African trade under the African Continental Free Trade Area (AfCFTA). The plan aims to reduce the country’s reliance on traditional industries by identifying new trade opportunities and increasing competitiveness.
Speaking at the National Consultative Forum on the AfCFTA Implementation Strategy, Deputy Permanent Secretary of the Trade Ministry, Goemeone Mogomotsi, highlighted the plan’s significance. He stated that Botswana will align its economic strengths with Africa’s growing market, fostering industrial expansion and job creation.
The AfCFTA is expected to transform Botswana’s economy by opening access to regional and continental value chains. The Trade Ministry emphasized that this agreement is not just about trade. It is also a tool for industrialization, investment growth, and economic resilience. Through this strategy, local businesses will gain better opportunities to expand beyond national borders and serve a wider market.
Stephen Karingi, Director of the Regional Integration and Trade Division at the United Nations Economic Commission for Africa (UNECA), pointed out that the initiative could help Botswana move beyond its traditional dependence on diamonds. He noted that the AfCFTA provides a chance to explore new sectors such as manufacturing, agriculture, and services.
Botswana’s plan relies on collaboration between the government, private sector, and international partners. The Trade Ministry stressed that success will depend on reducing trade barriers, improving infrastructure, and ensuring businesses can compete within AfCFTA. By strengthening its position in Africa’s trade network, Botswana aims to unlock new growth opportunities and build a more diverse economy.