Oman-Botswana Strategic Deals in Energy, Minerals, and Investment: Key Opportunities for Investors and Business Growth
GABORONE: The Sultanate of Oman and the Republic of Botswana have taken a significant step towards establishing a long-term economic and investment partnership by signing four key agreements in the energy, mining, and financial sectors. These agreements were formalized during the visit of Abdulsalam bin Mohammed al Murshidi, Chairman of the Oman Investment Authority (OIA), to Botswana. This visit is part of OIA’s ongoing efforts to expand strategic partnerships with friendly nations while securing sustainable returns for Oman.
President Duma Gideon Boko of Botswana expressed his gratitude for OIA’s dedication to advancing this strategic alliance. He highlighted the positive outcomes of the recent Botswana delegation’s visit to Oman and emphasized the swift progress made, attributing it to a strong sense of harmony between both parties. President Boko underscored the significance of the signed projects, particularly their potential to enable Botswana to achieve energy self-sufficiency and transition from an electricity-importing to an electricity-exporting country. He assured that the government would take all necessary measures for the timely execution of these projects and mentioned that further initiatives are expected to deepen the collaboration between Botswana and Oman.
The first agreement, signed by Ashraf bin Hamad al Mamari, CEO of OQ Group, and Meshack Tshekedi, CEO of Botswana Oil, establishes cooperation between OQ Group and Botswana Oil in the energy sector. It encompasses joint studies and exploration of investment opportunities in Botswana’s energy infrastructure and storage solutions, alongside capacity-building and knowledge exchange on policies, regulations, and technical standards.
The second agreement, also between OQ Trading and Botswana Oil, focuses on joint studies related to energy trading and products. It explores possibilities for supplying Botswana with energy products, developing a framework for supply, aggregation, marketing, and long-term provisioning within regional markets. The agreement includes provisions for capacity-building, exchange of regulatory information, and promoting regional energy trade through OQ Trading’s “matching right” mechanism. These accords highlight OQ’s strategic role in Oman’s energy sector, reinforcing the nation’s position as a regional hub for energy and economic diversification while advancing sustainability and competitiveness.
Together, these partnerships provide a platform for expanding OQ Trading’s presence across African markets. Currently, OQ supplies more than 11 African countries with critical energy products such as crude oil, refined petroleum products, liquefied petroleum gas, and ammonia, addressing the continent’s core energy demands.
The third agreement, signed by Mustafa bin Mohammed al Hinai, CEO of O-Green, and David Tsheole, Botswana’s Minister overseeing Minerals & Energy and Communication & Innovation, commits both sides to developing renewable energy projects. These projects will focus on solar and wind power, complemented by battery-based energy storage systems, targeting a capacity of up to 3 gigawatts. This initiative demonstrates a mutual commitment to sustainable energy solutions and enhanced regional energy security.
The fourth agreement establishes a partnership between Maaden Investment Group and the Botswana Geoscience Institute (BGI) to explore minerals such as gold and diamonds. It aims to leverage Oman’s global expertise in mineral production and processing, fostering the exchange of technical knowledge in this sector. The agreement was signed by Mohammed bin Abdulrahman al Balushi, COO of Maaden Investment Group, and Olefile Cisco, CEO of BGI.
These agreements mark a robust foundation for ongoing cooperation, promising mutual economic growth and sustainable development for both Oman and Botswana.
Special Analysis by Omanet | Navigate Oman’s Market
The newly forged Oman-Botswana partnership represents a strategic diversification opportunity for Omani businesses, particularly in energy, mining, and regional trade. For investors and entrepreneurs, the agreements offer access to emerging African markets and the chance to participate in large-scale renewable energy and mineral exploration projects, positioning Oman as a regional hub for sustainable growth and innovation. Smart players should focus on leveraging cross-border synergies and sustainable ventures to capitalize on this expanding footprint.
