President Duma Gideon Boko of the Republic of Botswana was briefed today on investment opportunities during his visit to the Oman Investment Authority (OIA), as part of his visit to the Sultanate of Oman.

Upon his arrival at the OIA headquarters, the guest was received by Abdulsalam bin Mohammed Al Murshidi, OIA Chairman, who provided an overview of the OIA, its investment portfolios, and the mechanism for distributing investments, both within Oman and abroad.

The guest attended presentations from several OIA companies, which highlighted available investment opportunities in several sectors. These include the clean energy sector, encompassing wind, solar, and green hydrogen energy, in addition to the mining, logistics, and food sectors as areas of strategic importance. These sectors offer promising investment opportunities that can leverage the accumulated expertise of both Oman and Botswana.

The two sides also discussed the potential for leveraging Oman’s experience in establishing and managing a sovereign wealth fund known for its high efficiency in governance and sustainable investment, thereby enhancing Botswana’s capabilities in this vital field.

This visit comes at a time when Botswana is considered one of Africa’s most promising economies, ranked as the world’s largest of diamonds by value and possessing reserves of high-quality diamonds. Its credit rating also places it among the top two countries on the African continent in terms of creditworthiness.

The President was accompanied during the visit by a high-level delegation from the Republic of Botswana, representing the investment, energy and minerals, agriculture and aviation sectors.

In a statement to Oman News Agency (ONA), President Duma Gideon Boko of the Republic of Botswana said that this visit aims to solidify the foundations of partnership and cooperation in various fields of joint work, particularly in the sectors of energy, mining, infrastructure, investment, and the financial sector.

He added that the visit culminates a series of meetings that began last July between the two sides, noting that the two countries have signed a memorandum of understanding and are currently working to activate it in specific sectors.

He lauded the strong bilateral relations between the two countries, pointing to the intention of opening an embassy of the Republic of Botswana in the Sultanate of Oman in the upcoming period. He also affirmed that the two countries will discuss procedures for a mutual visa waiver to facilitate the flow of visitors and tourists.

On his turn, Abdulsalam bin Mohammed Al Murshidi, Chairman of the Oman Investment Authority, stated that this visit aims to explore the available investment opportunities between the Sultanate of Oman and the Republic of Botswana, with a focus on numerous tools for economic integration between the two sides.

In a statement to ONA, he emphasized the seriousness of the Botswana side to activate areas of cooperation and partnership, particularly in the field of food security for importing red meat from Botswana and exporting fish products and derivatives of all kinds from the Sultanate of Oman. It also highlighted cooperation in the energy sector, alongside other new sectors currently being explored for collaboration between the two sides.