November 27, 2022
1 min read

Botswana, EU launch cooperation program

The EU will provide 16 million euros to fund actions between 2021 and 2024. Another financial allocation for the period 2025-2027 will be determined after a review in 2024…reports Asian Lite News

Botswana government and the European Union (EU) launched the Multi-Annual Indicative Program (MIP) on Tuesday, covering the period of 2021 to 2027 with an initial grant of 16 million euros.

Speaking during the launch in Gaborone, the capital of Botswana, Botswana’s Minister of Finance, Peggy Serame, stated that the priorities of MIP set out two priority areas: green transformation and economic diversification.

The EU will provide 16 million euros to fund actions between 2021 and 2024. Another financial allocation for the period 2025-2027 will be determined after a review in 2024.

Serame said despite the country’s middle-income status, the southern African nation still faces numerous challenges, including unemployment, particularly among graduates, and the need to diversify the economy.

Ambassador of the European Union to Botswana and Southern African Development Community (SADC), Petra Pereyra stated that the purpose of this cooperation program is to help Botswana transition from a natural resource-based to a knowledge-based economy.

“Botswana has enormous potential for renewable energy, in particular by developing solar energy. It has enormous potential if it invests in its youth to make them the driving force behind the diversification and development of the economy, and the country,” said Pereyra.

ALSO READ-Jaishankar, Botswana FM discuss health, trade and investment

Previous Story

EU countries demand against US subsidies

Next Story

UK, South Africa to tackle climate change

Latest from -Top News

Russia Fires at EU

Zakharova called the sanctions package “illegal” and “self-destructive”, while accusing Brussels of isolating itself on the international stage…reports Asian Lite News Russia’s Foreign Ministry Spokeswoman Maria Zakharova has slammed the European Union’s

Mamdani Hits Back at Racism

Mamdani criticised rivals for spreading “hatred,” saying their Islamophobia harms him and nearly one million Muslims in New York….reports Asian Lite News New York City mayoral candidate Zohran Mamdani on Friday delivered

Taipei Gets Tough on Beijing

The new move marks one of the most comprehensive efforts in recent years to strengthen Taiwan’s legal defences against Beijing’s covert attempts…reports Asian Lite News Taiwanese lawmakers from both the ruling and

Washington Goes After Petro

The United States has imposed sanctions on Colombian President Gustavo Petro, accusing him of aiding the global drug trade….reports Asian Lite News The United States has imposed sanctions on Colombian President Gustavo

Pakistan Warns Afghanistan War

Pakistan’s Defence Minister Khawaja Asif warned that Islamabad could enter an “open war” with Kabul if peace talks in Istanbul fail to ease rising Afghan border tensions…reports Asian Lite News Pakistan’s Defence
Go toTop

Don't Miss

EU back in Ukraine

EC President Ursula von der Leyen and the EU foreign

Czech Republic and Ireland Vote in EU Elections

There are 14 seats up for grabs for Ireland in