The deals were concluded during a state visit by Botswana’s President, Duma Boko, to Oman, where he held talks with Sultan Haitham bin Tariq. The agreements focus on mineral exploration, renewable energy development, and oil storage infrastructure, reflecting a shared push by both nations to diversify their economies.
Central to the partnership is a joint mineral exploration initiative that will target largely untapped areas covering about 70% of Botswana’s land. The project aims to unlock deposits of critical minerals such as copper, gold, graphite, and iron ore, resources seen as vital for future industrial growth and global energy transitions.
The agreements also include plans to develop a 500-megawatt solar power plant in northwestern Botswana. The project is expected to play a key role in boosting the country’s renewable energy capacity, with the government aiming to increase the share of renewables in its energy mix from around 8% to 50% by 2030.
In addition, Botswana’s state-owned oil company signed a cooperation deal with Oman’s energy investment firm to build oil storage facilities both domestically and in neighboring Namibia. The move is intended to strengthen fuel security and improve regional energy logistics.
The agreements come as Botswana seeks to reduce its heavy dependence on diamond exports, which have historically accounted for a significant portion of government revenue but have recently faced pressure from global economic uncertainty and the rise of lab-grown alternatives.
For Oman, the partnership aligns with its own long-term strategy to diversify its oil-dependent economy by investing in international energy and mining projects.
Officials from both countries described the deals as a foundation for deeper cooperation, with expectations of further investment and collaboration in sectors such as clean energy, logistics, and infrastructure. As global demand shifts toward sustainable resources and diversified energy systems, the Botswana-Oman partnership signals a strategic alignment aimed at securing long-term economic resilience.
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