Gambling industry to stimulate economic development

Speaking during the Big Africa Summit recently, the Minister of Trade and Entrepreneurship, Tiroeaone Ntsima, said beyond revenue generation, the sector is set to contribute to employment creation and tourism promotion, solidifying Botswana's position as a key player in the African gaming landscape. The government has recently issued gambling licences, a move that is expected to stimulate industry growth and create more job opportunities. "These licences will also foster strategic partnerships with local and international stakeholders, encouraging knowledge exchange, and the adoption of best practices. Additionally, regulatory mechanisms will be strengthened to ensure the highest levels of integrity, consumer protection, and quality of life," he said.

Recognising the need for a streamlined regulatory framework, the minister said Botswana is currently reviewing its gambling legislation. This process aims to eliminate trade barriers, simplify investment procedures, and boost economic activity. "The country is repositioning itself as a hub for investment, innovation, and responsible gambling practices. The government has set clear priorities to ensure that the gambling industry remains a driver of economic growth whilst maintaining the highest standards of integrity, responsibility, and inclusivity," he said.