Botswana Minister Reaffirms Investor Protection Commitment

Luanda — Botswana's Minister of Industry and Entrepreneurship, Tiroyaone Ntsima, on Tuesday in Luanda reaffirmed his country's commitment to protecting investors and creating a business environment conducive to securing mutual benefits. Speaking at the first Angola-Botswana Business Forum, the minister highlighted the role of investors in strengthening the economy and stated that his country offers opportunities across several sectors of activity. In the agricultural sector, Tiroyaone Ntsima explained that Botswana aims to increase the sector's contribution to Gross Domestic Product (GDP) from its current level of less than 2% to around 6%. Among the investment opportunities identified in agriculture and livestock farming, he highlighted meat, fruit and vegetable production, as well as the processing of these products, in addition to opportunities in the fisheries sector. Follow us on WhatsApp | LinkedIn for the latest headlines According to the minister, Botswana currently produces only 400 of the 5,000 tonnes of fish consumed annually in the country, a situation that represents an opportunity for both domestic and foreign investment. He expressed confidence in the ability of Angolan and Tswana investors to establish medium and long-term partnerships, particularly in the productive sector. He added that Botswana is also open to investment in modern fruit and vegetable production, as well as in the production and processing of cannabis for medicinal and industrial purposes under the existing institutional framework. Manufacturing industry In the manufacturing sector, which currently contributes just over 5% to Botswana's GDP, Tiroyaone Ntsima identified investment opportunities in agro-processing, automotive components and the pharmaceutical industry. The minister also reiterated the need to strengthen business cooperation between Angola and Botswana with a view to creating partnerships that contribute to economic diversification and job creation. FMA/QCB/DOJ Read the original article on ANGOP . AllAfrica publishes around 600 reports a day from more than 90 news organizations and over 500 other institutions and individuals , representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct. Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica . To address comments or complaints, please Contact us . AllAfrica is a voice of, by and about Africa - aggregating, producing and distributing 600 news and information items daily from over 90 African news organizations and our own reporters to an African and global public. We operate from Cape Town, Dakar, Abuja, Johannesburg, Nairobi and Washington DC. Get the latest in African news delivered straight to your inbox By submitting above, you agree to our privacy policy . We need to confirm your email address. To complete the process, please follow the instructions in the email we just sent you. There was a problem processing your submission. Please try again later.