US-AFRICA Summit underway

Baitshepi Sekgweng
ATTENTIVE: Some of the leaders attending the US-Africa Summit

President Mokgweetsi Masisi says enhancing Africa’s Value in global value chains is a profound recognition that there are fundamental gaps between the global South and the North in terms of Africa’s stake in value chains and integration.

Officiating at the US-Africa Summit in Tlokweng today, Masisi said the summit is a step forward as the continent forges together toward creating a strong, balanced, transparent and inclusive trading system that benefits all nations.

“It is particularly pertinent to the sub-Saharan countries who are faced with enormous challenges relating to industrialisation, job creation, economic diversification, skills gaps, narrow export commodities and low export capacities,” President Masisi said, further indicating that Botswana as a developing country falls within this unfortunate category, despite being classified as an Upper-Middle Income Economy.

Botswana constitutes less than 0.2% of Africa’s population, and contributes about 1 percent of Africa’s GDP.

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