Tuesday, November 29, 2022

U.S firms eye Botswana leather sector

National Black Chamber of Commerce (NBCC) has shown interest to breathe in new life into Botswana’s various sectors of the economy, including the unexploited leather sector.

NBCC president , Harold Alford, NBCC president, said that there is a lot of untapped potential in the leather sector.

“You have an advantage of the abundance of hides and skins and business mergers would fully commercialise the leather industry,” Alford said. “Business partnerships with Botswana in this viable leather industry will go far in eradicating poverty and creating employment.”

In addition, he said the leather sector is an area that the American business community could fully exploit if opportunities are opened up.

“The business environment in Botswana is very impressive and quite promising, with the fledgling businesses,” he added.

The delegation has shown interest in having partnerships in various sectors that include, Engineering, ICT, Construction, among others.

According to Alford, NBCC has already secured some partnerships and they are looking forward to more joint ventures.

“Our Chamber of Commerce has all the business sectors under it and we can spread our wings in any sector of Botswana economy, he said.”

Alford said they are expecting to sign a Memorandum of Understanding with BOCCIM to strengthen relations.

NBCC’s mission to Botswana was facilitated by the Embassy of Botswana in the USA. “The main goal of the business mission of establishing joint ventures and exploring opportunities was very fruitful,” said Tebelelo Seretse, Botswana’s Ambassador to the USA.

Seretse said NBCC is a powerful chamber of commerce and Botswana’s partnership with them will see the economy grow. She said business growth in USA is not good and the local business people should fully utilise the opportunity that NBCC wants to expand and invest in our country. NBCC managed to have meetings with BEDIA, BOCCIM and with a huge turnout from the business community last week.

Seretse said the business partnerships will help in the country’s economic diversification drive.

“As we diversify from the diamond industry, joint ventures with NBCC will help us diversify our economy quickly.”

She said they are hoping to bring in more Chambers of Commerce in the country.

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