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Digging deep: South Africa’s Minergy has developed Masama, the first privately-held coal mine in Botswana


agreements with the likes of theUKand theEU, while a deal with India is being negotiated. Botswanais also part of the African Continental Free Trade Area that came into force in January. Someinvestors are alreadymaking themost


of these trade agreements to turn Botswana into their regional base. Among them is Kromberg & Schubert, a German-based pro- ducer of wiring systems for the automotive industry that has served the regional automo- tive industry from Botswana since 2009 and recently invested $5.8m with the Botswana Development Corporation to expand its factory in Gaborone. The Botswana Investment and Trade Centre


(BITC) acts as an enabler for investors to lever- age the country’s investment appeal and regional trade opportunities. “We look at export development and pro-


motion, that is once the investors are on the groundinBotswana,” saysBITCCEOKeletsositse Olebile. “We help them, because Botswana has a small market in terms of the population size. We would help these investors to then deploy and sell their products in surrounding markets and the government uses bilateral,multilateral trade agreements to do that.”


Infrastructure drive Infrastructure investment will also be key to achieving diversification and Vision 2036. Transportation and exports corridors have to


February/March 2021 www.fDiIntelligence.com


be strengthened, while upgrading power and communications infrastructure appears vital to enable a functioning services sector. “While in the past we focused on providing


fibre connection to the businesses, Covid-19 accelerated the plans we had to deploy fibre to thehomes,” says Keabetswe Segole,commercial officer of Bofinet, a local provider of telecom- munications infrastructure. “Our digitisation agenda has also acceler-


ated to ensure we are able to provide services in a manner our customers can enjoy,” Mr Segole says, adding that while all the businesses in capital Gaborone are actually covered by fibre broadband, the company is now planning to bring fibre to homes in the capital and in 399 villages around the country. Foreign companies are also contributing to


upgrade the national internet infrastructure. Mauritius-based Liquid Capital has activated 82km of optic fibre in a cross-border network into Botswana in November that provides its local subsidiary with access to the group’s pan- African 73,000kmfibre network.■


In association with the Botswana Investment and Trade Centre.


Writing and editing were carried out independently by fDi Intelligence. If you want to know more about Botswana, follow our Insights Series on fdiintelli- gence.com.


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