• Botswana signs $12 billion investment agreement with Qatar’s Al Mansour Holdings
• Deal spans infrastructure, energy, mining, agriculture, tourism, cybersecurity and defense
• Aims to diversify economy and cut heavy reliance on diamond revenues

Botswana has signed a $12 billion investment deal with Al Mansour Holdings, a private conglomerate from Qatar, to accelerate national development across multiple sectors. The announcement was made on August 21 by President Duma Boko on his official Facebook page.

The agreement, sealed in partnership with the state-owned Botswana Development Corporation, covers infrastructure, energy, mining, the diamond industry, agriculture, tourism, cybersecurity, and defense. According to the government, the initiative is expected to strengthen economic stability, promote diversification, and secure long-term prosperity.

The move comes as Botswana works to attract foreign investment and broaden its growth drivers. The economy remains heavily dependent on diamonds, which account for 90% of exports and represent the main source of tax revenue, according to the World Bank. Slowing demand and weaker production in the diamond sector have weighed on growth in recent years.

To encourage investors, Botswana offers low tax rates, free profit repatriation, and no exchange controls. The government has also created the Botswana Investment and Trade Centre (BITC), a national agency dedicated to promoting foreign direct investment and trade.

This new partnership aligns with Botswana’s Vision 2036, which seeks to transform the country into a high-income economy. “Together, we are building a Botswana that is globally competitive, secure, and prepared for the future,” President Duma Boko said.