Gaborone, Friday — President Duma Boko announced that Botswana will introduce a citizenship-by-investment program as part of efforts to reduce the country’s reliance on diamond exports and diversify its economy.
The move comes at a time when Botswana’s budget has been heavily constrained by a prolonged slump in the global diamond market. Despite being the world’s leading producer of diamonds by value, the country’s economy contracted by 3% last year and is projected to shrink again in 2025.
“This program will enable us to secure the long-term financial future of Botswana,” President Boko said in a statement. The initiative is expected to generate funds for key national priorities, including affordable housing, tourism development, renewable energy, mining, and financial services. The minimum investment threshold required for citizenship has not yet been determined.
In recent months, Botswana has taken significant measures to stabilize its economy. President Boko declared a public health emergency in August following the collapse of the national medical supply chain, while in September, the government established a new sovereign wealth fund to drive economic diversification, job creation, and state enterprise reform.
To develop the citizenship program, Botswana has signed a memorandum of understanding with Arton Capital, a global consultancy specializing in investment migration.
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