Botswana Seeks Energy and Mining Partnerships with Oman: Implications for Investors and Business Growth
MUSCAT: President Duma Gideon Boko of the Republic of Botswana visited the Oman Investment Authority (OIA) on Tuesday to explore potential investment partnerships during his official trip to the Sultanate of Oman.
Upon arrival, President Boko was received by Abdulsalam bin Mohammed al Murshidi, Chairman of the Oman Investment Authority, who provided an overview of the Authority’s global investment portfolio, governance model, and sectoral allocations both within Oman and internationally.
During the meeting, several companies affiliated with the OIA showcased key investment opportunities in sectors such as clean energy—encompassing wind, solar, and green hydrogen—mining, logistics, and food production. These areas present significant opportunities for collaboration between Oman and Botswana.
Discussions also focused on how Botswana might leverage Oman’s experiences in the establishment and management of a sovereign wealth fund, emphasizing robust governance and sustainable investment practices to enhance Botswana’s institutional capacity.
President Boko underscored that Botswana ranks among Africa’s most promising economies and is the leading producer of diamonds by value globally, boasting a favorable credit rating and solid economic fundamentals. He noted that this visit follows discussions from July, which resulted in the activation of a Memorandum of Understanding across multiple sectors.
“The visit aims to strengthen cooperation in energy, mining, infrastructure, investment, and financial services,” Boko stated. He added that Botswana is planning to open an embassy in Oman soon and is working with Omani officials to establish mutual visa exemptions to promote tourism and business interactions.
Al Murshidi emphasized that both nations share a keen interest in economic integration, particularly in the area of food security. He mentioned that Oman could import red meat from Botswana while exporting fish and fish-based products in return.
Further discussions covered energy and logistics cooperation, reflecting both countries’ desire to create sustainable and diversified economic links that align with their developmental aspirations. — ONA
Special Analysis by Omanet | Navigate Oman’s Market
The recent visit of Botswana’s President to Oman signals a potential expansion of investment opportunities, particularly in sectors like clean energy and logistics. For businesses in Oman, this presents a strategic opportunity to tap into Botswana’s burgeoning economy, emphasizing sustainable practices in investments. Smart investors and entrepreneurs should consider the potential for collaboration and diversification, especially in food security and renewable energy, to enhance their portfolios and contribute to Oman’s vision for economic growth.
