How Blockchain and AI can triple Botswana's economy

CNBC Africa's interview with President Boko of the Republic of Botswana

Author

Boago Sephutho
January 31, 2025

Good morning!

Today’s content will cover the following points that were said during the interview of President Boko with CNBC Africa

1. Blockchain and the African Continental Free Trade Area Agreement

2. Empowering the Youth and Women

3. Artificial Intelligence (AI) for Economic Efficiency

4. Ambition to triple the economy

At the World Economic Forum in Davos, President Duma Boko articulated a forward-looking vision for Botswana's economic transformation, emphasizing the integration of advanced technologies and inclusive growth strategies.

Blockchain and the African Continental Free Trade Area (AfCFTA): President Boko highlighted the transformative potential of blockchain technology in enhancing trade efficiency and transparency within the AfCFTA framework. By leveraging blockchain, Botswana aims to streamline cross-border transactions, reduce trade barriers, and foster trust among trading partners, thereby accelerating regional economic integration.

Empowering Youth and Women: Recognizing the demographic dividend, President Boko called for active engagement of young people and women in economic activities. He emphasized the importance of providing access to education, entrepreneurial opportunities, and financial resources to these groups, viewing their empowerment as crucial for driving innovation and sustaining economic growth.

Artificial Intelligence (AI) for Economic Efficiency: The President underscored the role of AI in optimizing various sectors of the economy. By adopting AI solutions, Botswana seeks to enhance productivity, improve service delivery, and make informed policy decisions, all of which contribute to a more efficient and competitive economic landscape.

Ambition to Triple the Economy: With these initiatives, President Boko set an ambitious target to triple Botswana's economy in the coming years. This goal reflects a commitment to rapid yet sustainable development, leveraging technology and inclusivity as key drivers of economic expansion.

For a more in-depth understanding of President Boko's vision, you can watch his discussion at the World Economic Forum:

Botswana's Duma Boko sets out his vision for the economy, implores young people to build Africa.

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