Mining is the mainstay of the local economy, accounting for around a quarter of GDP. Diamonds make up half of the value generated by the sector with strong activity in soda ash, copper, gold and coal. Diamonds are cut and polished locally and is an important local employer.
Despite its reliance on mining, Botswana is facing a challenge in securing adequate transport for its exports. Plans are being considered for railway infrastructure that would expand its export potential but will take years to materialise.
Wholesale and retail trade, as well as tourism are also important sectors along with construction, public sector and financial institutions.
Our sector specialists provide insights into the conditions and challenges faced on-the-ground by our clients. We develop working solutions by understanding all players in the sector value chain, and coordinate and execute.
Read more about Standard Bank Group’s sector specialism.