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Economy of Botswana and business opportunities

Economy of Botswana

Since independence, Botswana has had the highest average economic growth rate in the world, averaging about 9% per year from 1966 to 1999. Growth in private sector employment has averaged about 10% per annum over the first 30 years of independence. At the start of the 21st century, however, the economy of Botswana stagnated up until the early 2010s when it registered for the first time since the economic boom a GDP growth up above the 6-7% target. Botswana is also commended for the site of Africa's longest and among the world's longest economic booms (which almost surpassed that in Asia's largest economies). The relatively high quality of the country's statistics means that these figures are likely to be quite accurate. The government has consistently maintained budget surpluses and has extensive foreign exchange reserves.

Botswana's impressive economic record has been built on a foundation of diamond mining, prudent fiscal policies, international financial and technical assistance, and a cautious foreign policy.

Nevertheless, although Botswana is in many ways an exemplar for countries in the region, its dependence on mining and high rate of HIV/AIDS infection (one in every three adults is contaminate), could threaten its success in the future.

Agriculture still provides a livelihood for more than 80% of the population but supplies only about 50% of food needs and accounts for only 3% of GDP. Subsistence farming and cattle raising predominate. The sector is plagued by erratic rainfall and poor soils. Tourism is also important to the economy.

Sectors

Mining

Two large mining companies, Debswana (formed by the government and South Africa's De Beers in equal partnership) and Bamangwato Concessions, Ltd. (BCL, also with substantial government equity participation) operate in the country.

Most (70%) of Botswana's electricity is imported from South Africa's Eskom. 80% of domestic production is concentrated in one plant, Morupule Power Station near Palapye, operated by the Botswana Power Corporation. Debswana operates the nearby Morupule Colliery to supply coal to it.

Tourism

Tourism is an increasingly important industry in Botswana, accounting for almost 12% of GDP. One of the world's unique ecosystems, the Okavango Delta, is located in Botswana. The country offers excellent game viewing and birding both in the Delta and in the Chobe Game Reserve-home to one of the largest herds of free-ranging elephants in the world.

Agriculture

Agriculture meets only a small portion of food needs and contributes just 2.8% to GDP-primarily through beef exports-but it remains a social and cultural touchstone. Cattle raising dominated Botswana's social and economic life before independence. The principal crops for domestic use are sorghum, corn, and millet.

Financing

Botswana has a growing financial sector, and the country's national stock market, the Botswana Stock Exchange (BSE), based in Gaborone, is given the responsibility to operate and regulate the equities and fixed interest securities market.

This article is licensed under the GNU Free Documentation License. It uses material from the Wikipedia article "Economy Of Botswana"

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This section contains economy and business opportunities and from Botswana.
Botswana Economy Botswanan Economy, business opportunities in Botswana.
Summary:
Tender For The Supply And Delivery Of Various Ppe To Gaborone And Francistown Warehouses-Two (2) Year Contract
Country:
Botswana
 
Notice Type:
Tender Notice
Deadline:
10 May 2024
Posting Date:
22 Apr 2024
 
 
 
Summary:
Supply and Delivery of New Motor Vehicles
Country:
Botswana
 
Notice Type:
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Deadline:
30 Apr 2024
Posting Date:
20 Apr 2024
 
 
 
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Supply And Delivery Of Golf Shirts For Botswana Power Corporation Staff
Country:
Botswana
 
Notice Type:
Tender Notice
Deadline:
10 May 2024
Posting Date:
19 Apr 2024
 
 
 
Summary:
Construction of Mmopane Commercial Centre
Country:
Botswana
 
Notice Type:
Tender Notice
Deadline:
15 May 2024
Posting Date:
19 Apr 2024
 
 
 
Summary:
Individual Consultant- (National) Civil Engineering And Supervision Services
Country:
Botswana
 
Notice Type:
Tender Notice
Deadline:
01 May 2024
Posting Date:
18 Apr 2024
 
 
 
Summary:
PROVISION OF FINANCIAL REPORTING AND TAX ADMINISTRATION SERVICES FOR NATIONAL DEVELOPMENT BANK (NDB)
Country:
Botswana
 
Notice Type:
Tender Notice
Deadline:
15 May 2024
Posting Date:
18 Apr 2024
 
 
 
Summary:
PROVISION OF CLEANING SERVICES FOR NATIONAL DEVELOPMENT BANK (NDB)
Country:
Botswana
 
Notice Type:
Tender Notice
Deadline:
14 May 2024
Posting Date:
18 Apr 2024
 
 
 
Summary:
Individual Consultant to carry out capacity Building in Planning and executing of Agricultural census in Botswana
Country:
Botswana
 
Notice Type:
Tender Notice
Deadline:
08 May 2024
Posting Date:
18 Apr 2024
 
 
 
Summary:
Individual Consultant to carry out capacity Building in Planning and executing of Agricultural census in Madagascar
Country:
Botswana
 
Notice Type:
Tender Notice
Deadline:
08 May 2024
Posting Date:
18 Apr 2024
 
 
 
Summary:
CONSULTANCY FOR DEVELOPMENT OF STATISTICS INFORMATION SYSTEMS TO SADC SECRETARIAT REGIONAL STATISTIC PROJECT
Country:
Botswana
 
Notice Type:
Tender Notice
Deadline:
01 May 2024
Posting Date:
18 Apr 2024
 
 
 

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