Embraced by stunning landscapes and a rich cultural heritage, Botswana has become a major business hub in Africa. Gone are the days when investors try to shy away from the country because of the economic instability. Today, we are seeing expatriates and local investors from different parts of Africa come to Botswana for business.
Botswana were rated the 29th of 185 by the global fund institute of enterprise in the production, distribution and consumption for reducing liquidation, using a revival rate which is directly 65 cents a dollar put in and a time approximated to 1.7 years. This timing is checked with the 3.4 Sub-Saharan Africa and about 1.7 for the Association of Economic support and improvement.
These are the reasons why Botswana is flourishing as a business hub;
SAFETY AND SECURITY
It is one top class nation in Africa that is free from danger and immune to attack. They are recognized across the globe for less punishable offense and adherence to the rule of law. They have competent security agencies who apply updated form of offense avoidance procedures and instrument. As a result of this, the nation has fewer problems in protection, illegal obtaining of funds, internet fraud and intimidation.
POLITICAL INSTABILITY
This nation has organized more than 10 public elections from the time they had their independence in the year 1966 till date. Every political party voting their selected member carried it out in accordance to the lay down principles governing their nation
HIGH INDEPENDENT FINANCIAL RANKING
This country has been part of selected nation that has the ability to fulfill their financial commitment in production and management of material wealth and also peace governing in the globe. A world class organization named Standard & Poor’s in the month of July 2013 ranked Botswana as ‘A’ and ‘A2’ for both long and short lasting term. This was as a result of reliable administration equilibrium, electorate dependability , enhanced production and management of resources .
INTERNATIONAL TRANSACTION ADOPTED ACTION
This country has no restriction in international trade or financial output from funding organization. And as a result of this, they help in entrepreneurship participation. From the year 2005, the nation has been making use of the slow and steady trade pattern, leaving the Pula combative for the progressive increase in instantaneous price change of marketing associates
RESISTANCE TO INCREASE IN PRICE
Botswana is resistance to increase in price. This has helped in taking care of some of its startup challenges. The people have been able live in relative comfort due to the ability of regulating bodies to handle price hikes in different aspects of the economy.
TAXATION
Both the world economic Forum and the international bank confirmed that Botswana comparatively reduced position of tax payment serves as a positive motivational influence to establishment. Currently this is what is attracting investors from Africa and around the world to invest in the country. Startup businesses have the field day in getting the support they require from the government.
