Who Owns Whom

Botswana

Country Code: 72

ISO2 Code: BW

ISO3 Code: BWA

Country Economic Snapshot

2021-07-28

Botswana has a long-held reputation as a stand-out example of political and economic stability on the continent. It has a small population of 2.4m with a GDP of US$18bn giving it one of the highest GDP’s per capita on the continent. It also has one of the lowest debt to GDP rations of below 20%.

Botswana has consistently demonstrated stability and economic growth, albeit with some reliance on the diamond industry. Its economy contracted by an estimated 8.9% in 2020, after growing by 3.0% in 2019, as the pandemic lockdown and other movement restrictions constrained economic activity. Real GDP growth is projected to recover to 7.5% in 2021 and 5.5% in 2022, based on a revival in domestic demand as the effects of the pandemic recede, and a rebound in commodity prices as economies reopen globally.

Upside risks to the growth outlook depend on reforms and government interventions against the pandemic, including the Economic Recovery and Transformation Plan. Downside risks include lower diamond demand if the global economic recovery is weakened by more waves of infection. There are also threats from persistent drought, and the adverse effects of poor economic conditions in South Africa on Botswana’s exports and SACU receipts.

The fiscal deficit is projected to narrow to 6.3% of GDP in 2021 as domestic revenues pick up. The current account deficit could improve to 7.4% of GDP in 2021, depending on how fast the diamond and tourism industries revive. Inflation is expected to be within the central bank’s medium term 3% to 6% target range.

Mining is significant contributor to Botswana’s GDP and minerals comprise almost 80% of export earnings. In 2018, Botswana was the world’s second largest diamond producer by value and volume, after Russia, according to the Kimberley Process Certification Scheme. The country has large soda ash, coal and diamond reserves. Botswana’s mining sector is dominated by diamond mining, with Debswana Diamond Company being the largest producer. Other minerals produced are aggregate, brickmaking clay, coal, dimension stone, gemstones, gold, salt and soda ash.

Botswana has an abundance of game reserves, wildlife and wilderness, and its second largest industry is tourism which contributed 13.1% of GDP in 2019. The industry was hard hit by the pandemic but is likely to recover quickly as it is a state focus to promote this industry as diversification from its dependence on commodities.

Info

Capital Gaborone
Currency (Name, Abbreviation, Symbol) Botswana pula , BWP , P
Area 581,730 sq km
Type of Government parliamentary republic
Languages Setswana 78.2%, Kalanga 7.9%, Sekgalagadi 2.8%, English (official) 2.1%, other 8.6%, unspecified 0.4% (2001 census)
Natural Resources diamonds, copper, nickel, salt, soda ash, potash, coal, iron ore, silver
Type of Industry diamonds, copper, nickel, salt, soda ash, potash, coal, iron ore, silver; livestock processing; textiles
Stock Exchange Botswana Stock Exchange
Stock Exchange Location Gaborone
Stock Exchange Founded 1989
Tax Rate: Corporate 22%
Tax Rate: Individual 25%
Natural Resources diamonds, copper, nickel, salt, soda ash, potash, coal, iron ore, silver

Latest available information as sourced from:

African Markets

Trading Economics

Economy Watch

The World Fact Book

KPMG Tax Tables

Company Profile

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Sector Research

CompanyName Stock Exchange Listed Date Ticker Code Country Status
Absa Bank Botswana Ltd Botswana Stock Exchange 1989-06-19 ABBL Botswana Active
Access Bank Botswana Ltd Botswana Stock Exchange 2018-12-13 ABC Botswana Active
Anglo American PLC Botswana Stock Exchange 2001-06-01 ANGLO Botswana Active
BBS Ltd Botswana Stock Exchange 2018-09-03 BBS Botswana Active
Botswana Diamonds PLC Botswana Stock Exchange 2011-06-27 BOD Botswana Active
Botswana Insurance Holdings Ltd Botswana Stock Exchange 1991-08-09 BIHL Botswana Active
Botswana Telecommunications Corporation Ltd Botswana Stock Exchange 2016-04-08 BTCL Botswana Active
CA Sales Holdings Ltd Botswana Stock Exchange 2017-11-09 CAS Botswana Active
Chobe Holdings Ltd Botswana Stock Exchange 1999-09-29 CHOBE Botswana Active
Choppies Enterprises Ltd Botswana Stock Exchange 2012-01-26 CHOP Botswana Active
Cresta Marakanelo Ltd Botswana Stock Exchange 2010-06-28 CRESTA Botswana Active
Engen Botswana Ltd Botswana Stock Exchange 1989-06-19 ENGN Botswana Active
Far Property Company Ltd (The) Botswana Stock Exchange 2016-05-04 FPC Botswana Active
First National Bank of Botswana Ltd Botswana Stock Exchange 1990-12-06 FNATBK Botswana Active
G4S (Botswana) Ltd Botswana Stock Exchange 1991-06-12 G4S Botswana Active
Investec Ltd Botswana Stock Exchange 2008-07-18 INH Botswana Active
Letlole La Rona Ltd Botswana Stock Exchange 2011-06-15 LETLOLE Botswana Active
Letshego Holdings Ltd Botswana Stock Exchange 2002-00-00 LETSHEGO Botswana Active
Lucara Diamond Corp. Botswana Stock Exchange 2011-07-25 LUC Botswana Active
Minergy Ltd Botswana Stock Exchange 2017-04-27 MIN Botswana Active
New African Properties Ltd Botswana Stock Exchange 2011-09-28 NAP Botswana Active
Olympia Capital Corporation Ltd Botswana Stock Exchange 2005-10-05 OLPA Botswana Active
PrimeTime Property Holdings Ltd Botswana Stock Exchange 2007-12-20 PRIM Botswana Active
RDC Properties Ltd Botswana Stock Exchange 1996-01-01 RDCP Botswana Active
Sechaba Brewery Holdings Ltd Botswana Stock Exchange 1989-06-19 SCHB Botswana Active
Seed Co International Ltd Botswana Stock Exchange 2018-10-05 SEEDCO Botswana Active
Sefalana Holding Company Ltd Botswana Stock Exchange 1989-06-19 SFLN Botswana Active
Shumba Energy Ltd Botswana Stock Exchange 2013-04-08 SHUMBA Botswana Active
Standard Chartered Bank Botswana Ltd Botswana Stock Exchange SCBB Botswana Active
Turnstar Holdings Ltd Botswana Stock Exchange 2002-10-23 TUST Botswana Active

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