Country Profile

Botswana is a significantly wealthy country in the Diamond mineral and has become one of Africa’s development success stories. With a small population the government has executed good governance and political stability. The country has managed to maintain a stable and strong growth over the last 10 years with its major wealth coming from the diamond market which is very volatile.

The country recorded a low inflation of 3% and the government has prioritised diversification in the economy to not only rely on the mining sector but other sectors like agriculture, services and manufacturing. Botswana had tough regulations on the business environment but recently local authorities have made efforts to improve key legislation to the business improvements and plans for privatizations, rationalize parastatals and relax restrictions on visa’s and work permits.

The country has made efforts to attract international trade and to strengthen their role in the region. It is a member of multiple trade organizations like the SACU (Southern African Customs Union), WTO (World Trade Organisation) and SADC (South African Development Community).