SPEDU, short for the Selebi-Phikwe Economic Diversification Unit, is a government initiative in Botswana designed to revitalize and diversify the economy of Selebi-Phikwe and its surrounding region. The town was heavily dependent on the BCL copper-nickel mine, which closed in 2016, leaving a significant economic gap. SPEDU was established to attract investment, create jobs, and promote industries beyond mining, such as agriculture, tourism, manufacturing, and services. Its mandate is to ensure that Selebi-Phikwe evolves into a sustainable economic hub that can withstand future shocks by broadening its industrial base.
The unit works closely with local communities, businesses, and international partners to stimulate growth and innovation. For example, SPEDU has supported projects in aquaculture, agro-processing, and eco-tourism, aiming to leverage the region’s natural resources and strategic location. By fostering entrepreneurship and encouraging private sector participation, SPEDU seeks to transform Selebi-Phikwe into a competitive center for trade and development. Ultimately, the initiative is about resilience—helping the town transition from a single-industry economy to a diversified one that offers long-term opportunities for residents and investors alike.