Commonwealth Chamber turns attention to 'fast-growing' Botswana
FROM THE CENTRE OF EXCELLENCE
Birmingham Chamber of Commerce reported:
Businesses in Greater Birmingham find out how Botswana has transformed itself into one of the world’s fastest-growing economies – and offers significant opportunities for bilateral trade.
The Greater Birmingham Commonwealth Chamber of Commerce’s next market briefing focuses on doing business with the African country, which has a population of just over two-million people.
Formerly one of the poorest countries in the world, Botswana has developed into one of the world's fastest-growing economies dominated by mining, cattle and tourism.
Its high gross national income - by some estimates the fourth-largest in Africa - gives the country a relatively high standard of living.
The country’s legal system is said to be sufficient enough to conduct secure commercial dealings, while the protection of intellectual property rights has also improved significantly.
The top imports to Botswana in 2017 were:
- Pearls, precious stones, metals, coins
- Mineral fuels, oils, distillation products
- Machinery, nuclear reactors, boilers
- Vehicles other than railway, tramway
- Electrical, electronic equipment
- Pharmaceutical products
- Articles of iron or steel
- Beverages, spirits and vinegar
Keith Stokes-Smith, president of the GBCCC, said there are a number of factors that make Botswana a suitable country for Greater Birmingham companies to trade with – not least because of the strength of its legal system and the fact its first language is English.
He said: “In featuring Botswana in our ‘Doing Business With…' event, we have taken into account a number of key factors which we believe are very relevant to the opportunities the country presents and the ease of Chamber members doing business with the country.
“The country has a relatively high standard of living thus a consumer base with money to spend on UK goods and services.
“The official language is English and it has a legal system which is sufficient to conduct commercial dealings.
“And Greater Birmingham business can certainly provide some of the goods Botswana needs.”
The Doing Business With Botswana event takes place on 15 February at Chamber House in Harborne Road, Edgbaston.