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Gaborone, Botswana — In a landmark move to bolster economic diversification and address pressing national challenges, Botswana has signed a $12 billion investment agreement with Qatar-based Al Mansour Holdings. The deal, announced on 21 August 2025 by President Duma Boko, marks one of the largest foreign direct investment commitments in the country’s history.
The agreement was formalized in partnership with the state-owned Botswana Development Corporation and will channel funds into a wide range of strategic sectors, including infrastructure, energy, mining, diamond refinement, agriculture, tourism, cybersecurity, and defence.
A Strategic Partnership for Economic Transformation
President Boko described the deal as a “historic move” aimed at stabilizing Botswana’s economy and laying the groundwork for long-term growth. “This is not just about numbers, but real projects and real change for our people,” he stated in a message posted on his official social media account.
The investment comes at a critical time for Botswana, which has faced economic headwinds following a downturn in the global diamond market. The sector, which accounts for a significant portion of the country’s export revenue, saw a 3% contraction in GDP last year, with further declines projected in 2025.
By targeting multiple sectors, the deal is expected to generate thousands of jobs, improve public services, and expand market access for local producers. It also aligns with Botswana’s broader strategy to reduce reliance on diamond exports and strengthen its position in regional and global markets.
Strengthening Bilateral Ties
The Qatari delegation, led by Sheikh Mansour Bin Jabor Bin Jassim Al Thani and his son Sheikh Mahomed Bin Mansoor Bin Jabor Al Thani, arrived in Gaborone earlier in the week to finalize the agreement. The partnership reflects growing Gulf interest in African markets and underscores Botswana’s appeal as a stable and investment-friendly destination.
Beyond national development, the deal includes provisions for regional collaboration under the African Continental Free Trade Area (AfCFTA), with potential extensions into neighbouring countries such as Zambia, Mozambique, and Zimbabwe.
Looking Ahead
As Botswana embarks on this ambitious investment programme, the government has pledged transparency and accountability in project execution. The initiative is expected to begin with infrastructure and energy developments, followed by phased investments in other sectors.
President Boko concluded the signing ceremony with a message of gratitude and optimism, calling the agreement “a turning point for Botswana’s future.”
