Botswana Launches New Sovereign Wealth Fund to Boost Economic Diversification and Job Creation

Gaborone, Botswana — The Government of Botswana has launched a new sovereign wealth fund aimed at accelerating economic diversification and generating employment opportunities across the country.

Announced on Wednesday by President Mokgweetsi Masisi, the fund—officially named the Botswana National Wealth Fund—is designed to strategically invest surplus revenues, particularly from the diamond sector, into non-mining industries such as agriculture, tourism, technology, and infrastructure.

“For too long, our economy has depended heavily on diamonds,” President Masisi said during the launch event in Gaborone. “This fund marks a bold step towards building a more resilient, inclusive, and diversified economy that creates sustainable jobs for our people.”

The fund will be managed independently with a clear mandate to invest domestically and abroad, with a strong focus on long-term economic transformation. Officials say it will also serve as a fiscal buffer to help stabilize the economy during periods of commodity price volatility.

Economists have welcomed the move as a proactive measure to future-proof Botswana’s economy, which remains vulnerable to external shocks in global diamond markets.

The government is expected to release further details on the fund’s governance framework, investment strategy, and initial capital allocation in the coming weeks.