Just In! DailyNews, the foremost Newspaper in Botswana, bream with a Big Headline this morning-
Cavista Holdings presence
vote of confidence-
GABORONE – The decision
by global technology solutions
firm Cavista Holdings to set
up in Botswana is a vote of
confidence in the country as an
investment destination, and a
result of deliberate effort towards
job creation.
Giving a keynote address at
the official opening of Botswana
office of Cavista Holdings
in Gaborone, President, Dr
Mokgweetsi Masisi said the
occasion saw the realisation of a vision borne out of the belief in
the potential of Botswana as a
key player in the global business
landscape.
Dr Masisi revealed that the
process of luring the firm, which
is renowned for innovation and
excellence, started when he
met Mr John Olajide, Cavista
Holdings founder and Chief
Executive Officer (CEO), in July
2022 at the US-Africa Business
Summit in Morocco.
“During that meeting, I
extended an invitation to Mr
Olajide to consider Botswana
as the next home for his rapidly
growing global company,
Cavista Holdings. I knew then,
as I do now, that Botswana is
a fertile ground for growth,
with an enabling environment
for businesses to thrive. Our
robust infrastructure, political
stability, and a government that
is deeply committed to economic
transformation through
innovation and technology
make us an ideal investment
destination,” Dr Masisi said.
This set the tone for Mr
Olajide’s team to start working
with the Botswana Investment
and Trade Centre (BITC) and
other various stakeholders
domestically, leading to the
investment of Cavista Holdings,
which currently has a footprint
in the United States, Nigeria, the
Philippines, India and so on.
“The decision by Cavista
Holdings to expand its global
footprint to Botswana is a bold
vote of confidence in our country’s
stability, business environment,
and our potential to grow into a
leading technology hub in Africa.
Cavista’s operations here will not
only mirror the successes they
have achieved in other countries,
but they will also be tailored to
address the unique needs and
aspirations of the people of
Botswana,” the President said.
He added that in the modern
world technology, innovation
and digitisation were essential
for economic growth and
competitiveness, having
transformed economies in the
United States, Europe and Asia,
and in Africa the digital economy
was expected to create over 200
million jobs by 2030.
“Through the establishment of
Cavista Holdings in Botswana,
we are not just welcoming a
new business entity, but are also
welcoming a partner in our efforts
to create a knowledge-based
economy. The technology sector
offers boundless opportunities
for our youth, entrepreneurs, and
innovators.
This partnership will create
jobs, build skills, and provide
a platform for Botswana to
participate actively in the Fourth
Industrial Revolution,” President
Masisi said.
The President said the
latest investment was part of
Botswana’s journey to economic
diversification, job creation, and
high economic income status by
2036, in line with the National
Vision, and the Presidential Reset
and Reclaim Agenda, where one
of the five pillars is dedicated to
advancing digitisation.
For his part, US-based
entrepreneur Mr Olajide, said
from his interactions with the
President over the past two
years, at the US-Africa Summit
in Morocco and in Botswana, as
well as in New York and Dallas,
Texas, USA proved to him that
Dr Masisi was a people-centred
leader who sought to create jobs
for Batswana.
Mr Olajide, also the founder
and CEO of AXXESS North
America’s leading home
healthcare technology company,
domiciled in Texas, USA said
the prime reason for investing
in Botswana was to create jobs
in line with the vision of the country’s leadership.