US-Africa Leaders Summit: Business Botswana CEO calls on SMEs to tap into Agoa opportunities
Norman Moleele, CEO at Business Botswana spoke to CNBC Africa's Godfrey Mutizwa at the on-going U.S. Africa Business Summit in Gaborone.
Thu, 13 Jul 2023 13:21:22 GMT
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AI Generated Summary
- The importance of fostering relationships and partnerships for business growth
- Challenges faced by Botswana entrepreneurs in meeting international quality standards and building capacity
- Encouraging small enterprises to seize opportunities and engage in partnerships for growth
The US-Africa Leaders Summit has brought together a diverse group of individuals from various sectors to discuss opportunities for business growth and partnerships. Norman Moleele, CEO at Business Botswana, expressed his satisfaction with the turnout and the active participation in the summit. He highlighted the importance of fostering relationships and partnerships between enterprises from different sectors and countries, with the goal of promoting growth and expansion. Particularly, Moleele emphasized the need for partnerships that would facilitate the export of goods and services, leveraging opportunities such as the African Growth Opportunity Act (AGOA).
Moleele discussed the challenges faced by Botswana entrepreneurs, including issues of capacity and product quality. He stressed the importance of meeting the quality standards demanded by international markets and building the capacity of local enterprises to compete effectively. While acknowledging the concerns about small companies being left out of big agreements, Moleele encouraged smaller enterprises to seize the opportunities presented and emphasized the need to connect with business organizations like Chambers of Commerce to explore potential partnerships.
The summit provided a platform for networking and collaboration, with a focus on building sustainable relationships that would drive long-term growth and economic development. Moleele's insights shed light on the importance of seizing opportunities for business expansion and leveraging partnerships to enhance competitiveness in the global market.
As the summit continues, stakeholders are optimistic about the potential for fruitful collaborations and the positive impact that such partnerships could have on the African business landscape. With a renewed focus on inclusivity and support for SMEs, the momentum generated at the summit is expected to pave the way for a new era of growth and prosperity in the region.