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Botswana Business includes the economy of Botswana, the trade of Botswana and the private and foreign investments. Botswana Business is blessed for having the fastest growing economy in the world. The economic growth of Botswana is that of 9% every year with the per capita GDP being that of $11,200. Since its independence, Botswana Business has grown from a poor one to a middle-income one. In spite of the consecutive budget deficits, the government of Botswana has successfully maintained a good fiscal policy and a very low rate of foreign debt. The chief reason behind this manifold growth in the Business of Botswana is its four diamond mines among which the Orapa Diamond Mine is the largest producer of diamonds in the whole world.
Trade is also an important section of Botswana Business and the country is presently a part of the South African Customs Union or the SACU. The main reason behind the flourishing trade industry in Botswana is the very low or almost nil tariff barriers in the land of Botswana. The main export Business in Botswana is that of diamonds.
There are many bold steps taken by the government of Botswana in developing the private sector and at the same time foreign investment as well. Some of these include abolishing of the foreign exchange controls in the year 1999, inclusion of low corporate tax rate of 15%, abolishing all prohibitions on the foreign ownership of companies and an assuming moderate inflation rate of 7.6%. All this has led to a drastic increase in the Business at Botswana.
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