Forbes Under 30 Summit Africa: Botswana President Mokgweetsi Masisi talks youth entrepreneurship, diversification strategy

Botswana's President Mokgweetsi Masisi sat down with CNBC Africa's Tania Habimana on the side-lines of the Forbes Under 30 Summit Africa to discuss the country's new initiatives in youth entrepreneurship and diversification strategy. President Masisi shed light on the challenges faced by young entrepreneurs in Botswana and how the newly launched ministry aims to address them. One of the main issues identified was the lack of a centralized platform for entrepreneurs, leading to delays and demotivation. The ministry, led by a young vibrant minister with a background in entrepreneurship, is focused on fostering a culture of entrepreneurship and providing support for aspiring business owners. President Masisi emphasized the importance of developing skills, legal protections, and financial support to nurture innovation and create a conducive environment for businesses to thrive. In line with this vision, Botswana aims to become the 'Singapore of Africa' or the 'South Korea of Africa,' leveraging its resources and the ingenuity of its people to drive economic growth. President Masisi highlighted key sectors of interest for growth, including digital technology, biotechnology, agriculture, and marketing. Additionally, he discussed Botswana's strategic partnerships with other nations, emphasizing the importance of maintaining peace, security, and mutual understanding. Looking towards the future, President Masisi expressed excitement about the next generation of African leaders, envisioning a scenario where young people surpass their predecessors in innovation and create groundbreaking solutions that transform the world.