Botswana’s Embassy in Germany, in conjunction with Trade ministry and Botswana Investment and Trade Centre (BITC) this week showcased the advantages of investing in the country to a multitude of German financiers.
Addressing the gathering in Gaborone, Assistant Minister Advocate Sadique Kebonang outlined Botswana’s unparallel suitability for investment which include a stable currency, relaxed rules and regulations on extracting profits from the country, competitive corporate tax rates among others.
And not only did the meeting shine light on Botswana’s aptness for investment, it additionally detailed the sectors that are neglected but hold a multitude of investment opportunities such as in the cargo, freight and logistics sector.
In order to facilitate investments in this sector BITC Chief Executive, Letsebe Sejoe, outlined the incentives available to investors for such sectors.
He said in these sectors there are no restrictions on business ownership, there is duty-free import of machinery and equipment for manufacturing purposes and custom duty exemption on raw materials for goods going outside of SACU.
When asked to comment on Botswana’s suitability for investment German CEO of Afrika-Verein Der Duetschen Wirtschaft, Christoph Kannengieber, remarked;
“Botswana is a country with a good framework for doing business but it is not as well known in Germany as it should be which is why we had this idea to bring businessmen from Germany to Gaborone to learn in-depth about the business framework and the different opportunities available here. Botswana is at the heart of the SADC region and so can serve as a hub in the region to penetrate other markets [in the region]”