Botswana is one of the largest producers of diamonds in the world and considered as being part of the world’s fastest growing economies. Besides diamonds, good governance and resilient economic management have contributed to making it an upper-middle economy. Together with the help of the private sector to boost several sectors and investment, Botswana has established transformational reforms with a view to becoming a high-income country by 2036.
Most international businesses expanding into foreign regions engage experienced local partners for assistance with business process outsourcing, including employment outsourcing solutions where staff need to be employed in-country and paid accordingly.
While your organisation expands to Botswana, you may encounter a variety of legal, cultural, and employment complexities, which represent significant time and effort to address correctly. At Africa HR Solutions, our in-country experts are well placed to assist you with all the necessary procedures and Botswana HR outsourcing support that you may need to realise your international business goals by allowing you to dedicate more time to your growth and operations strategy.
Our team offers bespoke HR outsourcing solutions including services such as Professional Employer Organisation (PEO), Employer of Record, payroll as well as other ancillary support services to help you expand your business, even if your company does not have a subsidiary in Botswana.
Country Profile - Botswana
Gross Domestic Product (GDP): $17.61 B
GDP Growth: 11.4 %
Foreign Direct Investment (% of GDP): 0.5 %
Unemployment Rate: 24.7 %
Currency: Botswana Pula
Languages: English, Tswana
For the past 53 years, Botswana’s socio-economic performance has enabled it to be classified as a middle-income country by the World Bank. The government has implemented policies that allow the private sector to play a fundamental role in boosting the economy, encourage free trade and attract foreign direct investment, which has in turn significantly helped in developing the mining sector – a major source of revenue for Botswana. Other sectors such as tourism, retail, and emerging manufacturing have also performed well, with a contribution of the private sector and FDI. The banking sphere and capital markets are relatively stable and effective, with defined rules and procedures that govern the sector.
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