Botswana is a mid-sized country of just over 2 million people, one of the most sparsely populated countries in the world. It is located at the heart of Southern Africa and surrounded by prominent neighbors including Namibia, Zambia, Zimbabwe and South Africa. It attained its independence from Colonial rule on September, 30th, 1966. Formerly it was one of the poorest countries in the world—with a GDP per capita of about US$70 per year in the late 1960s—Botswana has since transformed itself into one of the world's fastest-growing economies. The economy is dominated by mining, cattle and tourism. Botswana boasts a GDP per capita of about $18,825 per year as of 2015, which is one of the highest in Africa. It consistently held uninterrupted democratic elections post independence. Botswana established bilateral relations with India soon after Botswana gained independence 50 years ago. Relations between the two countries have been cordial and are underpinned by mutual respects by the two sisterly countries. Gemma Mbegabolawe,Executive Director International Business - Botswana Investment and Trade Centre in Mumbai highlighted best of opportunities available for Indian investors in Botswana in candid talk with seniorjournalist Sitaram Mewati.
Why to invest in Botswana?
Every businessman or industrialists of the world looks for better facilities, best returns, good healthy environments, good tax rebates, good work force, safe and secure countries to launch their business. Botswana has it all, it is a perfect destination offering plethora of the opportunities to establish their business. All sorts of opportunities are made available under one umbrella in Botswana for investors to tap.
What are the investment opportunities in Botswana?
There are enormous opportunities available for business and investment in several sectors. Government is currently driving for foreign direct investment in specific sectors like mining and mining beneficiation, agriculture, infrastructure, education, energy, ICT, Finance, manufacturing and health. The Government is aggressively working towards the diversification of the economy to reduce the reliance on the mining sector, especially diamonds. In fulfilling this, the country is promoting manufacturing sector, with the aim to reduce the import bill in order to improve the standard of living of ordinary Batswana as well as create employment.