Botswana is centrally located in the heart of Southern Africa. It is a land locked country. It shares borders with Zambia in the north, Namibia in the north and north-west, Zimbabwe in the north-east and South Africa in the south and south-east.
Botswana has achieved impressive economic performance over the past three decades due to prudent macroeconomic management, consistent policies, political stability and good governance. The economic success of Botswana is attributable to successful exploitation of its vast mineral resources, especially diamonds. Botswana continues to be the largest exporter of gem diamonds in the world in terms of value. There are no exchange controls in Botswana. Government of Botswana takes constant efforts to minimise bureaucratic procedures and processes and to promote free market enterprise. Botswana is highly rated by international organisations on a number of indicators. Botswana has opportunities to access international markets through bilateral and multilateral agreements. Like most economies, Covid-19 has affected economic performance of Botswana since Government has allocated much of its precious resources to financing Covid-19 treatment.
|Political Leadership||President: His Excellency Eric Mokgweetsi Masisi|
|Government||Democratic (Elections every 5 years and 57 constituencies)|
|Judiciary||The judiciary authority rests with the courts and the rule of law which is applied impartially without fear, favour or prejudice.|
|Currency||Botswana Pula or BWP|
|Time||Two hours ahead of GMT|
|Public Holiday||Besides New Year's Day, Easter Monday, Labour Day, Ascension Day, Christmas and Boxing Day, Botswana enjoys public holidays being Botswana Day on the 30th September, Sir Seretse Khama Day on the 1st July and Presidents Day on the 19th July. In addition in a year Botswana has 3 or 4 additional public holidays, which are unpaid public holidays.|
|Geography||581, 730 square kilometres. Botswana is 84% covered by Kgalagadi (Kalahari) desert. The capital is Gaborone, which is in the south-east near the border with South Africa.|
|Summer (also Rainy)||November to March (High temperatures up to 40°C mark and higher).|
|Winter (also Dry)||May to August|
|Average Elevation||1000 metres|
|Population||2 .3 million growing at the rate 3.5% per annum|
|Population Distribution||80% of population lives in Gaborone, Francistown, Selibe Phikwe, and Lobatse|
|Languages||English and Setswana|
Compelling Reasons to Invest in Botswana
- Stable Economy (Botswana Democratic Party has been in power since independence in 1966)
- No foreign exchange controls.
- Access to huge SADC (Southern African Development Community) market of 200 million people, Europe and the USA.
- Low tax regime (On Shore Financial Services Centre with 15% tax, general company tax 22% and highest marginal personal tax at 25%
- Educated, English-speaking, trainable workforce
- Industrial relations are good and trade unions are not militant.
- Zero tolerance to corruption.
- Moderate levels of inflation (3.2% in March and 5.6% in April 2021)
- Protection of foreign investment