Botswana has just sealed a landmark $12 billion investment deal with Qatar’s Al Mansour Holdings, in partnership with the state-owned Botswana Development Corporation. The agreement, announced by President Duma Boko on Thursday, is being hailed as one of the most significant economic milestones in the country’s recent history.
Big plans across eight sectors
The pact covers a wide range of industries — from infrastructure, energy, mining and diamond value-addition to agriculture, tourism, cybersecurity and defence. Speaking in Gaborone, President Boko described it as a “transformative partnership” that will not only create jobs but also help diversify Botswana’s economy. Sheikh Mansour Bin Jabor Bin Jassim Al Thani, who owns Al Mansour Holdings and is a member of Qatar’s royal family, was in Botswana earlier this week to seal the deal and explore opportunities.
Turning the tide on economic struggles
For Botswana, the investment comes at a crucial time. The diamond industry, long the backbone of the economy, has faced a steep decline, leading to a three percent GDP contraction last year. Boko said the new deal is designed to soften such blows, providing a buffer against future shocks while laying a stronger foundation for growth beyond diamonds.
Positioning Botswana for the future
“This agreement is about building a Botswana that is globally competitive, secure and prepared for the future,” Boko said. Officials believe the Qatari investment will act as a catalyst for economic renewal, boosting infrastructure and innovation while opening new revenue streams for the country.
Part of a bigger regional picture
The deal also signals Qatar’s growing interest in southern Africa. Just days before, Al Mansour Holdings signed a separate $19 billion cooperation agreement with Zambia covering 11 sectors, including oil and gas. Taken together, the moves highlight how Gulf investors are increasingly looking to Africa for long-term partnerships and growth opportunities.
