Botswana Seeks Deeper Trade Ties with Finland through Joint Venture Partnerships

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Botswana is looking to build bilateral ties with Finland as the Southern African nation makes an ambitious push to promote trade between the two countries.

The Botswana Investment and Trade Centre (BITC), in collaboration with the Embassy of Finland in Pretoria, South Africa are hosting a business forum at the Gaborone International Convention Centre (GICC) in Botswana this week.

“The focus of this engagement is to foster opportunities for Joint Venture Partnerships (JVP) between Botswana and Finland based companies,” the BITC said in a statement.

At the event, companies will have an opportunity to share information and exchange ideas on their various businesses at an organized Business to Business Matchmaking Session. Botswana’s representatives will present the country’s capabilities to the Finnish delegation on products that have export potential to Finland.

On April 17th, 2018, BITC Executive Director for International Business, Mr. Moshie Ratsebe (RSA) spoke of Botswana’s robust investment sectors, inviting Finland to invest in Botswana.

Botswana’s government has been working round the clock to market the country to international investors. In fact, this week’s forum comes barely two days after BITC Executive Director for International Business (UK), Mr. Moemedi Mokgosi represented Botswana at an event known as the Pitch@Palace Commonwealth Summit in London. The Pitch@Palace is an affair that gives entrepreneurs the opportunity to pitch their businesses to CEOs.

Botswana’s move to attract Finish investment also comes just as the country is working with Zimbabwe on an ambitious 1,500 kilometer rail project.

Mozambique is also involved in the $600 million project which came to fruition after the three countries signed a memorandum of agreement (MoU) in 2016.

The railway line is expected to link Francistown in Botswana, Bulawayo in Zimbabwe and the Mozambican port of Techobanine to facilitate enhanced regional trade.

In the midst of this and other development initiatives, Botswana is looking to woo Finland by marketing the country as a viable investment destination.

“We have established the home of innovation in Botswana, and are inviting those of you willing to be a part of to come and join,” Tshepo Tsheko, Director of ICT & Marketing at the Botswana Innovation Hub told Finnish representatives at the forum.

Speaking at the opening of the event, Mr Tsheko told Finnish delegates of opportunities for investment in innovative businesses in Botswana. Tsheko has expressed confidence that the two nations can benefit greatly from each other.

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