Masisi: Khama is not Botswana and neither is Masisi
Botswana President Mokgweetsi Masisi sat down with CNBC Africa’s Fifi Peters at the ongoing World Economic Forum on Africa in Cape Town to talk about diversifying the country’s economy from a resource based economy to a knowledge based economy.
Wed, 04 Sep 2019 15:32:48 GMT
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AI Generated Summary
- President Masisi emphasizes the importance of the African Continental Free Trade Area agreement in leveling the playing field for all countries in Africa
- President Masisi addresses recent xenophobic attacks in South Africa and stresses the need for leadership in promoting tolerance and social cohesion
- Botswana is presented as an attractive investment destination with a stable macroeconomic and political environment, skilled workforce, and access to Southern African markets
Botswana President Mokgweetsi Masisi recently sat down with CNBC Africa's Fifi Peters at the ongoing World Economic Forum on Africa in Cape Town to discuss the country's economy and the upcoming general elections. President Masisi highlighted Botswana's efforts to transition from a resource-based economy to a knowledge-based economy and the importance of the African Continental Free Trade Area agreement in achieving this goal. He emphasized the need for the agreement to level the playing field for all countries and ensure free trade across the continent. President Masisi also addressed recent xenophobic attacks in South Africa, stressing the importance of leadership in promoting tolerance and social cohesion. Additionally, he presented Botswana as an attractive investment destination with a stable macroeconomic and political environment, access to markets in Southern Africa, and a skilled workforce.
In the interview, President Masisi discussed Botswana's position as a leading global diamond producer, noting the challenges posed by market fluctuations and the rise of lab-grown diamonds. He reaffirmed Botswana's commitment to transparently manage diamond revenues and differentiate its high-end natural diamonds from cheaper alternatives. Regarding the upcoming elections in Botswana, President Masisi assured that the country is stable and that the electoral process is running smoothly despite former President Khama's involvement in opposition campaigning. He underscored the importance of holding government officials accountable for job creation, economic diversification, and other promises outlined in the party manifesto.
President Masisi's focus on leveraging Botswana's strengths in diamonds, beef, and wildlife tourism, combined with efforts to enhance the education system and engage with the international community, reflects the country's commitment to sustainable growth and development. As Botswana prepares for the elections on October 23rd, President Masisi remains optimistic about the future and the potential for continued progress and prosperity in the country.