Business Botswana and Botswana Trade Commission Sign Strategic Agreement. Business Botswana (BB) and the Botswana Trade Commission (BOTC) have formalized a strategic partnership through a Memorandum of Understanding (MoU), reinforcing their commitment to driving economic growth and industrial competitiveness in the country.
The agreement establishes a framework for cooperation, ensuring businesses receive the necessary support to thrive. It aligns with Botswana’s broader industrialization goals, aiming to create a diversified economy capable of generating sustainable, high-paying jobs. With the country facing an overall unemployment rate of 27.6% and youth unemployment at 38.2%, initiatives like this are crucial in fostering economic opportunities.
Business Botswana, as the country’s key employer federation and chamber of commerce, advocates for a business-friendly regulatory environment. Through this partnership, it will work closely with BOTC to promote fair trade practices and strengthen local industries. The collaboration also emphasizes the importance of dialogue between the private sector and government institutions to create policies that benefit businesses and enhance competitiveness.
This agreement underscores Botswana’s dedication to fostering economic transformation through partnerships, innovation, and private-sector involvement. By working together, BB and BOTC aim to develop a resilient economy that benefits businesses, industries, and the workforce at large.
