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BB, ABC partner to lure US investors

patriot by patriot
February 8, 2021
in Business
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BB, ABC partner to lure US investors
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Business Botswana (BB) in conjunction with the American Business Council (ABC) signed a Memorandum of Understanding (MoU) aimed at luring lucrative American investors to Botswana.
The MOU stands to strengthen collective efforts of both ABC and BB and promote an environment for private sector-led growth in Botswana’s economy.

Business Botswana president Gobusamang Keebine said they hope to learn business acumen from Americans.
He said they will benchmark on American business acumen in terms of what needs to be done to succeed and grow one’s network globally just like most of American businesses.

Moreover, the partnership will be beneficial in helping to harness and strengthen the local businesses and link members in key important areas.
He said the partnership will link BB members to American businesses for trade facilitation.

“Business Botswana aims to help local businesses grow and compete globally by advocating for a conducive business environment. However, for Botswana to fully grow, we must equip local businesses with necessary skills to compete with the best internationally,” Keebine emphasised.
Keebine said BB and ABC will be working together to help Botswana enterprises take up opportunities coming out African Growth Opportunity Act (AGOA) trade agreement.

“The MOU will also ensure that there is constant communication between Business Botswana and American Business Council. This means that through our resilient or regular engagements, execution will actually take place as it will be crucial for us to deliver our promises,” he said.
He said through their newly adopted strategic plan, BB aims to, amongst others, strike partnerships with her counterparts both at national, regional and international level; hence the MOU signing with ABC attests to the strategic direction.

Aditya Ram, Chairman of American Business Council in Botswana, said the MOU is a step in the right direction and urged local businesses to link with ABC so as to help them grow.

Ram is of the view that the local businesses boost the potential to produce quality products that are qualify to be exported to the American market, adding that ABC is open to facilitate trade. He said it is also important to re-look at AGOA to review the specific products that are in demand for doing business between Botswana and the American investors.

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  • TDR 1000 returns February 3, 2023
    The Dakar Rally, considered as one of the toughest in many years, is now something of the past and South African Rally-Raid competitors proved their talent while local race vehicle manufacturers and constructors showed their worth and returned from […]
  • Orange splashes P15.4m on FA CupFebruary 3, 2023
    NANCY RAMOKHUA editors@thepatriot.co.bw Orange Botswana through the Orange FA Cup has renewed its sponsorship with Botswana Football Association (BFA) for an additional three seasons valued at P5 138 000 00, an investment increase of 17%. The renewed collaboration will […]
  • Sefalana posts P4.9 billion revenueFebruary 2, 2023
    BAKANG TIRO editors@thepatriot.co.bw Diversified retail giant Sefalana has posted impressive set of results for the half year period ended 30 October, with the company recording P4.5 billion in total revenue. Botswana Stock Exchange (BSE) listed home grown retailer released […]
  • BSB lists P1 billion bondFebruary 2, 2023
    NANCY RAMOKHUA editors@thepatriot.co.bw Botswana Savings Bank (BSB) has listed a bond worth P1 billion with the Botswana Stock Exchange (BSE). The bond note programme will give BSB access to capital and provide alternative funding, reducing dependency on short- term […]
  • Botswana, OPEC seal P1.2 billion loan dealFebruary 2, 2023
    BAKANG TIRO editors@thepatriot.co.bw The Minister of Finance Peggy Serame is highly confident that the P1.2 billion loan that Botswana has secured from the Organisation of Petroleum Exporting Countries Fund for the International Development Fund (OPEC) will boost the country’s […]
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