Who are the key competitors to Botswana IFSC in the region?
Mauritius established a financial services development programme in 1992. This is the most comparable framework that competes with Botswana IFSC in our region. Mauritius has been successful as a financial conduit for investments into India and other Asian countries. In addition to this, since 1994, Johannesburg has become a significant financial centre mainly on the basis of the size of the domestic South African economy. Further afield, successful well known IFSC’s include Singapore, Ireland and Luxembourg. Botswana IFSC has a continuing opportunity to build on the programme so far and grow it significantly. The unique attributes are that Botswana has a sustainable combination of a low risk profile, specially created low tax for the IFSC, no exchange controls, proximity to growing African economies and a significant domestic capital base that can finance regional expansion.
