Gaborone, Botswana – President Duma Gideon Boko of Botswana delivered a powerful keynote address at the African Economic Conference (AEC) 2024, held in Gaborone. The conference, themed “Securing Africa’s Economic Future Amidst Rising Uncertainty,” serves as a critical platform to discuss pressing economic issues facing the African continent.

In his speech, President Boko emphasized the relevance of the conference theme, highlighting the rapid changes and unprecedented challenges in the global landscape. He stressed the importance of leveraging Africa’s collective strengths to secure a prosperous economic future for its citizens.

President Boko acknowledged the volatile global economic environment, marked by rising inflation and supply chain disruptions that impact fiscal stability. He also pointed out the looming threat of climate change, which endangers agricultural productivity and livelihoods across the continent. Additionally, geopolitical tensions and internal conflicts present significant challenges to Africa’s economic development.

Despite these challenges, President Boko expressed optimism about Africa’s unique prospects. He highlighted the continent’s rich natural resources and the need to develop value chains for value addition, which would diversify economies and create jobs. He also emphasized the potential within the agricultural sector, where innovation can lead to increased production and food security.

Africa’s young and vibrant population is a tremendous asset, according to President Boko. He called for prioritizing investments in education and equipping young people with the necessary skills to drive innovation and build a workforce capable of thriving in the digital economy.

President Boko underscored the significance of the African Continental Free Trade Area (AfCFTA), the largest single free trade area in the world. He highlighted its potential to transform Africa’s economic landscape by fostering investment, creating jobs, and promoting industrialization. He urged African nations to capitalize on AfCFTA to enhance intra-Africa trade and position the continent as a global economic powerhouse.

The President stressed the importance of peace and stability, anchored on accountable and responsive governance. He called for an end to armed conflicts that hinder development and emphasized the need for transparency, accountability, and respect for the rule of law to attract foreign investment and build sustainable growth.

President Boko highlighted the urgent need to act on climate change, leveraging Africa’s abundant renewable energy resources such as sunlight and wind. Investing in renewable energy, he argued, would build resilient, sustainable energy systems and address the challenges posed by climate change.

The digital revolution presents a powerful tool for economic transformation, according to President Boko. He emphasized the role of technology in unlocking new avenues of growth and reshaping African economies.

In conclusion, President Boko urged the conference attendees to use the platform for meaningful dialogue, exchange innovative ideas, and forge partnerships that will shape the trajectory of the continent. He called for unity and bold action to secure Africa’s economic future and build a resilient, prosperous Africa.

The African Economic Conference 2024 promises to be a landmark event, offering valuable insights and actionable strategies to navigate the uncertainties of today and seize the opportunities of tomorrow.