Alexander Forbes’ economic outlook for Botswana

Botswana, a country with upcoming elections on the horizon, is facing critical infrastructural challenges that could impact its economic growth and job creation prospects. In a recent interview with CNBC Africa, Bonga Mokoena, CEO of Emerging Markets at Alexander Forbes, highlighted the importance of investing in infrastructure projects that focus on health systems and job creation. Mokoena emphasized the need for diversification beyond the primary industry, particularly mining, into sectors like tourism, agriculture, and technology to drive sustainable economic development. One of the key issues facing Botswana is the growing youth population that is struggling to find employment opportunities. Mokoena highlighted the need for multinational companies to engage with stakeholders, including the government, to create investment opportunities that benefit the local population. He stressed the importance of public-private partnerships and managing conflicts to ensure sustainable growth and job creation. The conversation also touched on the Fourth Industrial Revolution and the role of companies in investing in new technologies. Mokoena encouraged multinationals to collaborate with governments and stakeholders to drive innovation and create value for employees. He emphasized the need for a focus on financial well-being and lifelong learning to prepare employees for the changing economy. Political will was another key topic of discussion, with Mokoena underscoring the importance of creating a favorable environment for investment and economic growth. He stressed the need for governments to implement the right policies and infrastructure investments to attract both local and foreign investment and promote inclusive economic growth that benefits all citizens. As Botswana navigates its infrastructural challenges and prepares for elections, the insights shared by Mokoena provide valuable guidance for investors and policymakers looking to unlock the country's economic potential and create sustainable growth for future generations.