4th May 2022
Own Correspondent
BITC Chief Executive Officer(CEO) Keletsositse Olebile has concluded a Memorandum of Understanding (MOU) with the Mouvement des Entreprises de France(MEDEF) International to facilitate growth of trade and Investment by exposing existing instruments such as the EU-SADC EPA and the Botswana France Double Taxation Avoidance Treaty.
Olebile indicated a significant number of French companies have played a critical role in the economy of Botswana, such as Oberthur Solutions which has been printing banknotes for Botswana.
Some of the notable French investments in Botswana include Orange Botswana (ICT); Mazars; Total; Air Liquide; Alliance Francaise amongst others.
MEDEF International is a French Business Confederation which was established in 1989. It is the most representative organisation of the French private sector at an international level tasked to support trade, technologic cooperation and investments, long-term partnerships especially in emerging and developing markets as well as the reconstruction markets.
Every year it gathers about 7100 French companies already operating throughout the world, in 85 Business Councils headed by 55 CEOs of major international French companies.
It receives over 180 incoming public and private delegations and leads close to 25 overseas missions every year. Olebile revealed that the Centre has committed to the implementation of the MOU and further exploit the benefits of working with MEDEF International. MEDEF International CEO, Phillipe GAUTIER said the signing is intended to deepen cooperation with Botswana in different sectors such as City Development, Agriculture and Agro-processing, Energy, Digital and Finance.
He stressed that the MoU is critical as it will assist develop value chains for both countries.
