Botswana

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07-Nov-2013

The oldest customs union in the world hails from Africa

The Southern African Customs Union (SACU) is 103 years old. Established on June 29, 1910 in Southern Africa the Customs Union Agreement (CUA) brought together the South African Union, the High Commission of Bechuanaland territories (current Botswana), Basutoland (current Lesotho) and Swaziland, then under British rule. In fact, the genesis of a customs union already existed as far back as the 19th century: a Customs Union Convention was finalized in 1889 by the Cape of Good Hope, then a British colony, and the Boer State of the Orange Republic. 1969: CUA becomes SACU The agreement...
18-Oct-2013

AfDB supports SMEs in Africa with a US $12.5 Million Equity Investment in Kibo Fund II

The Board of Directors of the African Development Bank (AfDB) approved on Friday, October 18 a US $12.5-million equity investment in the Kibo Fund II. This contribution will allow the Fund to provide access to finance and capacity building to an underserved market of outward-looking small and medium enterprises (SMEs) and mid-market African firms, particularly in low-income and fragile states within various sectors in Africa, thereby boosting income generation and job creation. Based in Mauritius, the Kibo Fund II will be managed by Kibo Capital Partners (KCP), an indigenous Mauritian Fund...
08-Oct-2013

Integration represents significant opportunities for landlocked and small island countries of southern Africa

“Regional integration offers southern African countries substantial potential from competition and scale effects, but the gains are not automatic; careful design and sustained implementation of the regional trade agreements (RTAs) are necessary to enhance their benefits … and implementation of regional programs requires adequate local capacity, in addition to financial resources.” These are, among others, some of the key messages underscored by Kennedy K. Mbekeani, an Economist with the African Development Bank, in a Regional Integration Policy Paper titled “Intra-regional Trade in...
13-Aug-2013

Kazungula Bridge: Bridging the Regional Divide

.more_iteration {display: none;} ​ Context A key road and rail bridge crossing over the Zambezi River along the North – South Corridor, a key trade route linking the port of Durban in South Africa to the inland countries of Botswana, Zambia, Zimbabwe, Malawi, DRC, and up to Dar-es-Salaam in Tanzania. [alert type="success"] Addressing a Gap For years ferries were used to cross the river. It took transporters more than 8 days at times to navigate, impacting negatively on trade. The AfDB has played a crucial role in making this key bridge construction happen, financing...
05-Aug-2013

Regional Integration Policy Papers - Intra-Regional Trade in Southern Africa: Structure, Performance and Challenges

The promotion of growth through increased intra-trade and deeper regional economic integration hold much promise in Southern Africa. In particular, with the mixed neighbourhoods of low and medium income countries as well as landlocked, coastal and island countries, regional integration offers possibilities to leverage and extend economic comparative advantage at a regional level in ways not accessible through national programs. The region is, therefore, moving with the continent and is adopting a more outward economic orientation and deepening regional integration programs. A number of...
15-May-2013

Indian Ocean Commission Countries a Flagship Study on Regional Integration - Summary Final Report

The African Development Bank (AfDB) has always embraced the vision of an empowered, prosperous and integrated continent. Regional integration has been part of its Charter since its establishment in 1964, and has been given priority in all major Bank strategies. The AfDB’s Strategy for 2013 – 2022 establishes the strategic emphasis on inclusive green growth, which is to be embodied in all the AfDB’s activities including interventions and knowledge products. This Flagship Report analyses the strengths, weaknesses, opportunities and threats (SWOT) that the IOC Member States face in the...
09-Nov-2012

Economic Brief - Could Oil Shine like Diamonds? How Botswana Avoided the Resource Curse and its Implications for a New Libya

At the heart of the socio-economic grievances that led to Libya’s revolution was the rentier economy of the Qaddafi regime. Though oil resources had permitted Libya to accumulate wealth, the country suffered from a number of macroeconomic concerns. By 1973, Libya had a dualistic undiversified economy dominated by the state, afflicted by pervasive rent seeking and regulatory deficiencies (Vandewalle, 2011). The effects of the rentier characteristics of Libya’s economy permeated both the economic and political structures of the country. Excessive oil resources had allowed the political elite to...
09-Nov-2012

Could Oil Shine like Diamonds: How Botswana Avoided the Resource Curse and its Implications for a New Libya

At the heart of the socio-economic grievances that led to Libya’s revolution was the rentier economy of the regime. Though oil resources had permitted Libya to accumulate wealth, the country suffered from a number of macroeconomic concerns. By 1973, Libya had a dualistic undiversified economy dominated by the state, afflicted by pervasive rent-seeking and regulatory deficiencies. The effects of the rentier characteristics of Libya’s economy permeated both the economic and political structures of the country. Excessive oil resources had allowed the political elite to hallow out governmental...
24-Oct-2012

South Africa - A Multi-Stakeholder Consultation on the AfDB’s Human Capital Development Strategy 2013-2017

The African Development Bank is organizing a Multi-Stakeholder Consultation Meeting on its draft Human Capital Development Strategy (2013-2017) in Pretoria, South Africa on 22 and 23 October 2012. Around 100 participants are expected from 12 Southern African countries:  Botswana, Lesotho , Malawi, Mauritius, Mozambique, Namibia, South Africa, Swaziland, Zambia,  Zimbabwe, Rwanda and Nigeria. This consultative meeting will bring together government officials (ministries of education, health, gender, social protection, HIV/AIDS, Labor) as well as non-governmental...
24-Jul-2012

Interview by Moono Muputola, Manager, Regional Integration and Trade, AfDB: “Well-Regulated Commodity Exchanges are of Critical Importance for Africa’s Development”

  “African countries can benefit immensely from well-regulated derivatives commodity exchanges – which in turn could provide a useful tool for Africa’s development,” said Moono Mupotola, manager in charge of Regional integration and trade at the African Development Bank (AfDB), ahead of the Bank-sponsored Pan-African Workshop for Regulators of Derivatives and Commodity Exchanges to be held in Gaborone, Botswana, from 25-27 July 2012. Question: Why is it important today to launch a debate in Africa on regulatory frameworks for derivatives and commodity exchanges? Answer:...
24-Jul-2012

Une conférence panafricaine pour développer les cadres réglementaires des Bourses des dérivés et des matières premières

La Conférence panafricaine pour développer les cadres réglementaires des Bourses des dérivés et des matières premières a pris fin la semaine dernière à Gaborone (Botswana). Elle a réuni une centaine d’experts de haut niveau venant de tout le continent africain pour discuter, pendant trois jours, des voies et des moyens de développer les Bourses des produits dérivés et des matières premières en Afrique, à travers la mise à niveau du cadre réglementaire africain avec les normes internationales. Les experts ont bénéficié de l’expérience des régulateurs de Dubai ; Londres, Inde et Amsterdam....
23-May-2012

Southern Africa Long-Term Strategy Consultation Meeting - Summary Report

The progress made by the Bank over the last decade was generally endorsed along with the strategic direction provided by the HLP and incorporated into the MTS. It is critical to examine the Bank’s role in addressing past and present crises and in applying lessons learned to the LTS.
02-Mar-2012

AfDB takes USD 50m equity Carlyle’s first fund in Sub-Saharan Africa

The Board of the African Development Bank (AfDB) approved an equity investment of USD 50 million into the Carlyle Sub Saharan Africa Fund on 22 February.  This fund is the first investment vehicle that the US-based private equity firm The Carlyle Group has raised to pursue its geographical expansion into sub-Saharan Africa. One of the top global private equity players, The Carlyle Group has been watching the increased political stability and rapid growth of countries like Ghana, Tanzania, Botswana and Benin. The firm has described these countries as attractive places to allocate...
06-Oct-2011

Market Brief - Gender in Employment: Case Study of Botswana

Executive Summary 1. Overview and Background. This report on Botswana is the first of two country studies (the second concerns Mali) that examine gender and employment in Africa. The study is informed by two broad development frameworks. The first is the Millennium Development Agenda that views Millennium Development Goal 3, Gender Equality and Women’s Empowerment, as a critical determinant in the attainment of all the Millennium Development Goals (MDGs), and more broadly, poverty reduction.
05-Oct-2011

Botswana - Botswana Wastewater Reuse and Water Harvesting For Irrigation Study

One of the development objectives of the Government of Botswana (GOB) is to diversify the economy and reduce its overdependence on mining, which has been and still is the mainstay of the country’s economic growth. One of the key areas of this diversification is to boost agricultural production, presently contributing only 2% of the national GDP. This is a far cry from its contribution of nearly 46% in 1966. Any improvement in agricultural production will also reduce the country’s growing reliance on external sources for its food requirements. The sector would also create employment in the...
04-Aug-2011

Botswana-Zambia - Kazungula Bridge - ESIA Summary

The Governments of Botswana and Zambia intend to construct a road-rail bridge at Kazungula, linking the two countries by crossing the Zambezi River. The feasibility study for the project is funded by the African Development Bank and the Governments of Botswana and Zambia. The ESIA Summary presents here-below the Project Description and Justification; Policy, Legal and Administrative Framework; Description of the Project Environment and Location; Project Alternatives; Potential Impacts and Mitigation/Enhancement Measures; Environmental and Social Management Plan; Monitoring Program and Cost;...
23-Jun-2011

Working Paper 130 - Growth and Macroeconomic Convergence in Southern Africa

This paper describes real per capita income and macroeconomic convergence in Southern African Development Community (SADC). SADC is one of the 9 regional economic communities (RECs) in Africa and currently includes 15 member statesi ( see end note) with total population of about 257.7 million and Gross Domestic Product of US$471.1 billion in 2009. Convergence of economic growth and per capita incomes among nations has been a central theme in neoclassical growth theory and vast economic literature related to it for decades. Thus, traditionally, the analysis of convergence involved an...
05-Jun-2011

2011-2015 - Southern Africa - Regional Integration Strategy Paper

Regional integration has been a longstanding goal of the African Development Bank, an ideal that featured prominently in the 1964 Agreement that established the institution. Increasingly, African countries are realizing the relevance of regional integration to economic growth and Africa’s role in the global economy. Yet, the persistent hard and soft constraints on effective integration – the poorly developed network of regional infrastructure, especially in transport, energy and communications, and the unsuitable array of legal, institutional and regulatory frameworks – cannot be ignored.
05-Jun-2011

The AfDB Group in Southern Africa 2011 - Fostering Growth and Regional Integration

We are pleased to present this regional publication which provides an overview of the African Development Bank’s operations and partnership in Southern Africa. The publication comes at a critical time for the region and the Bank. The aftermath of the global financial crisis threatened to set back, in less than a year, the economic gains so painfully made over the last decades. The crisis slashed the continent’s growth rate from a healthy 6% to 2%, reduced export earnings, decreased Diaspora remittances and investment flows, and contracted the private sector. To ensure its regional member...
05-Jun-2011

The AfDB Group in Southern Africa 2011 - Fostering Growth and Regional Integration

We are pleased to present this regional publication which provides an overview of the African Development Bank’s operations and partnership in Southern Africa. The publication comes at a critical time for the region and the Bank. The aftermath of the global financial crisis threatened to set back, in less than a year, the economic gains so painfully made over the last decades. The crisis slashed the continent’s growth rate from a healthy 6% to 2%, reduced export earnings, decreased Diaspora remittances and investment flows, and contracted the private sector. To ensure its regional member...