Botswanan President Duma Boko urged the private sector to take initiative in driving economic development to mitigate youth unemployment. During a forum in Gaborone, he advocated for policy reforms and highlighted collaborations, including the launch of a small enterprise fund by the BSE, to enhance job opportunities and diversify the economy.

In a recent address at a high-level business engagement forum in Gaborone, President Duma Boko emphasized the critical role of the private sector in bolstering Botswana’s economy and addressing the pressing issue of youth unemployment. He articulated the necessity for the business community to engage actively in economic development efforts aimed at creating job opportunities.

President Boko stated, “We are still wrestling with massive unemployment across different dimensions of our country, especially youth unemployment. We have a huge responsibility.” He underscored the importance of implementing policy reforms that would foster a competitive and investor-friendly environment conducive to sustainable economic growth.

During the forum, Neo Mooki, board chair of the Botswana Stock Exchange (BSE), revealed plans to launch a fund dedicated to supporting small and micro-enterprises, encouraging them to seize opportunities within the BSE, including share acquisition.

Furthermore, Neo Nwako, president of Business Botswana, highlighted the significance of collaboration within the private sector as a driving force for economic advancement. He pointed out that focusing on green initiatives such as carbon credits and green bonds can generate substantial employment opportunities.

The forum, themed “Mapping a New Collaboration: Building The New Botswana,” aimed to promote sustainable economic growth, enhance innovation, and strengthen relationships between the government and the private sector, all with a view to creating jobs and diversifying the economy.

President Duma Boko’s call for the private sector to enhance its role in Botswana’s economic development underscores the urgent need to tackle youth unemployment. The planned support for small and micro-enterprises and the emphasis on collaborative efforts are crucial steps toward building a resilient economy. As Botswana seeks to leverage green technologies, it is poised to foster innovation and job creation while promoting a more inclusive economic landscape.

Original Source: english.news.cn

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