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Botswana Overview

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The Republic of Botswana, a landlocked country located in Southern Africa, is bordered by Namibia to the north and west, Zimbabwe to the east, and South Africa to the south. Botswana is divided into nine districts and five town councils, with Gaborone as the capital. The official language of Botswana is English, although Setswana is widely spoken across the country. The official currency of Botswana is the pula (BWP).

Formerly the British protectorate of Bechuanaland, Botswana adopted its new name upon independence in 1966. Four decades of uninterrupted civilian leadership, progressive social policies, and significant capital investment have created one of the most dynamic economies in Africa. Mineral extraction, principally diamond mining, dominates economic activity; however, tourism is a growing sector due to the country's conservation practices and extensive nature preserves.

Botswana has maintained one of the world's highest economic growth rates since its independence. Through fiscal discipline and sound management, Botswana transformed itself from one of the least wealthy countries in the world to a prospering middle-income country with a per capita gross domestic product (GDP) of 7,877 United States dollars (USD) in 2017. Botswana has been ranked as the best credit risk in Africa. Diamond mining has fuelled much of the expansion and currently accounts for one-fifth of GDP, 40% of export earnings, and about one-fifth of the government's revenues. Tourism, financial services, and agriculture are other key sectors.

PwC has an extensive network of offices in most countries on the African continent. PwC Botswana offers a range of tax, audit, and consulting services. Our professionals support clients with local knowledge and skills and with access to a broad range of other professionals across the PwC global network of firms.


Last Reviewed - 24 January 2020

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