man directory final.pdf - Botswana Export Development and ...

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ECOnOMY The economic success of Botswana is attributable to successful exploitation of its vast mineral resources, especially diamonds. Botswana continues to be the largest exporter of gem diamonds in the world in terms of value. The economy of Botswana has since the commencement of the global financial crisis realized an economic performance below her potential. In 2008, only a sluggish real economic growth of 3.1 percent was recorded and a contraction of 3.7% was then subsequently recorded for 2009. This being the case though, the economy of Botswana has started to show some good performance in line with the global economic recovery. In particular, the improvement of diamond and copper sales in the world market has seen the mining sector experience a 21.7% increase from a low base. This great growth rate of the mining sector, together with the growth of the rest of the economy at 6.3%, saw the economy of Botswana register a real economic rate of about 10.7% over the four quarters ending September 2010. The economy is expected to grow in real terms by 6.8% in 2011 and 7.1% in 2012, this being subject to a growth over the same period of at least 15% and 6.2% respectively for the mining sector as the largest contributor to GDP. One major pillar of Botswana’s macroeconomic policy is to maintain a stable and manageable inflation and exchange rate in order to improve Botswana’s competitiveness in international markets and contribute to the broader national objectives of sustainable economic development and employment creation. Year-on-year inflation continues to be under control having reduced from 8.2% in 2009 to 6.9% in 2010. It is anticipated that the rate will fall within the medium term inflation objective of the bank of Botswana at 3 – 6% from the second quarter of 2011. With the prospects of a low and stable inflation in the medium term, the Bank of Botswana embarked on an “economic growth supporting” monetary policy that seeks to maintain price stability as well as influence the inflation outlook. The Bank Rate has been reduced to 9.5% in December 2010 and this was followed by commercial banks’ reduction of the prime lending rate to 11% as of December 2010. BOtSwAnA GROSS DOMEStIC PRODuCt (GDP) BY ECOnOMIC ACtIVItY (2009) Source: Bank of Botswana, BFS November 2010 Gross Domestic Product per capita at Constant Prices 2004 2005 2006 2007 2008 2009 GDP Per Capita (Pula) 12875.1 12973.6 13530.1 14084.3 14425.4 13468.1 Excluding mining 7654.5 7698.1 7883.4 8585.8 9163.7 9657.5 1. Figures are provisional and subject to revision. Source: Source: Bank of Botswana, BFS November 2010
InFLAtIOn RAtES In BOtSwAnA 2003 2004 2005 2006 2007 2008 2009 2010 Average 9.2 7.0 8.6 11.6 7.1 12.6 8.2 6.9 Source: central Statistics Office, Consumer Price Statistics 2010. Source: central Statistics Office, Consumer Price Statistics 2010. Interest Rates Per Annum (%) 2005 2006 2007 2008 2009 2010 2011 Bank Rate 14.50 15.00 14.50 15 10 10 9.5 Prime Lending 16.00 16.50 16.00 16.5 11.5 11.5 11 Source: Bank of Botswana, BFS November 2010 0
Page 2 and 3: B O T S W A N A M A N U F A C T U R
Page 4 and 5: Botswana Export Development & Inves
Page 8 and 9: InVEStMEnt OPPORtunItIES In BOtSwAn
Page 10 and 11: Global Expo Botswana Global Expo Bo
Page 12 and 13: Botswana Customs and Excise Procedu
Page 14 and 15: In order for the goods to enjoy the
Page 16: BRAnD BOtSwAnA Objectives of the Na
Page 20: ARtS AnD HAnDICRAFtS nAME tEL/FAX C
Page 23: 21 THATA KITCHEN (Pty) Ltd. 3951194
Page 27: 1 ABES FURNITURE 2 MOGOMOTSI ENTER-
Page 31: 1 MACHInERY nAME tEL/FAX COntACt EM
Page 35: 1 2 3 4 5 6 7 CHEMICALS & CHEMICAL
Page 39: 1 2 3 SERVICES nAME tEL/FAX COntACt
Page 42 and 43: unItED KInGDOM BOtSwAnA HIGH COMMIS

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