US EditionBotswana launches citizenship program to boost economy beyond diamonds
The program aims to attract high-net-worth investors to diversify Botswana's economy, targeting sectors like housing and tourism amid a 3% economic contraction, officials said.
- Botswana President Duma Boko announced on Friday a citizenship-by-investment program to boost the nation's economy.
- The program comes in response to a sustained decline in the diamond industry that led to a 3% shrinkage of Botswana’s economy last year and is expected to result in further contraction in 2025.
- Botswana has retained investment consultancy Arton Capital and recently established a sovereign wealth fund to diversify the economy and create jobs.
- The citizenship program aims to secure Botswana’s financial future by raising funds for housing, tourism, renewable energy, mining, and financial services.
- This initiative reflects Botswana’s effort to reduce reliance on diamonds, which remain its largest export, amid budget constraints this year.
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12 Articles
Botswana is pushing ahead with a program aimed at enabling wealthy investors to become a citizen.
Botswana launches citizenship program to boost economy beyond diamonds
Botswana President Duma Boko said on Friday his country will establish a citizenship-by-investment program, as the southern African country looks to diversify its economy away from its largest export, diamonds.
Botswana Launches Citizenship-by-Investment Program Amid Economic Diversification Efforts
Botswana is set to introduce a citizenship-by-investment program to diversify its economy from diamond dependency. This initiative aims to fund priorities like housing, tourism, renewable energy, and more. The country is partnering with Arton Capital to establish this program as part of a broader economic strategy.
Botswana, Angola Seek Stakes in De Beers
The governments of Botswana and Angola are bidding to buy De Beers, paving the way for a new era of African ownership for the diamond miner, according to statements from both countries. “We have communicated our firm intention to increase our stake in De Beers to a controlling stake — that, is upwards of 50%,” Botswana President Duma Boko said last Tuesday in an interview on Bloomberg Television. The transaction “must be concluded by end of Octo…
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