HomeNewsLocalBOSELE-TSEPAMA Regional Block Signs Landmark MoU to Boost Regional Investment

BOSELE-TSEPAMA Regional Block Signs Landmark MoU to Boost Regional Investment

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The BOSELE-TSEPAMA Regional Block, comprising Bobirwa District Council, Selebi Phikwe Town Council, Serowe District Council, Palapye District Council, and Mahalapye District Council, today signed a Memorandum of Understanding (MoU) aimed at strengthening regional cooperation, promoting investment, and accelerating socio economic development.

In his welcome remarks, His Worship the Mayor, Hon Oageng Makgosa, described the partnership as a significant step towards unlocking investment opportunities and fostering sustainable development across the region. He also highlighted the importance of capacity building to ensure successful implementation of the agreement.

The signing of the Memorandum of Understanding represents a shared commitment by the five local authorities to work collaboratively towards attracting investment, creating employment opportunities, promoting innovation, and improving the quality of life for communities across the BOSELE-TSEPAMA Regional Block.

Providing an overview of the initiative, Town Clerk Mr Lawrence Mokotedi said the collaboration, supported by the Ministry of Local Government and Traditional Affairs, will focus on value addition, industrialisation, revenue generation, and resource sharing to improve livelihoods and stimulate economic growth.

Representatives of the participating councils pledged their commitment to the successful implementation of the MoU, while BOSELE-TSEPAMA Deputy Chairperson, Hon Outule Segolame, called for coordinated efforts to translate the agreement into tangible results that will drive sustainable economic growth and attract investment across the region.

The signing of the Memorandum of Understanding represents a shared commitment by the five local authorities to work collaboratively towards attracting investment, creating employment opportunities, promoting innovation, and improving the quality of life for communities across the BOSELE-TSEPAMA Regional Block. Through this partnership, the region is well positioned to harness its collective strengths and unlock new opportunities for inclusive and sustainable development.

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