A company owned by a member of the Qatari royal family has committed to invest billions of dollars in two South African nations.<\/p>\n
Al Mansour Holdings, owned by Sheikh\u00a0Mansour Bin Jabor Bin Jassim Al Thani, has committed to invest $12 billion across various economic sectors in Botswana.<\/p>\n
The deal, signed with state-owned Botswana Development Corporation, will focus on sectors such as infrastructure, energy, mining, diamond refinement, agriculture, tourism, cybersecurity, and defence, President Duma Boko said in a post on Facebook.<\/p>\n
\u201cThe move will be enough to address immediate challenges facing the country,\u201d he said.<\/p>\n
The company also committed to an investment of $19 billion in Zambia, which President Hakainde Hichilema called one of the largest bilateral investment deals.<\/p>\n
The deal includes the construction of 1.5 million dwellings, the establishment of a national investment and development bank and investments in agro-processing, irrigation, and export-oriented value chains, state-owned ZNBC Today reported.<\/p>\n
Africa has an economy worth $2.8 trillion, a population of 1.4 billion, 65 percent of the world\u2019s arable land and a third of the world\u2019s mineral wealth.\u00a0 <\/p>\n