The Minister of Finance and and Economic Development and the Vice President of Botswana in presenting the 2025/2026 Budget Proposals informed the nation that the government has started the process of creating a sovereign wealth fund that will invest in sustainable domestic and foreign assets.&nbsp;

Government Starts the Process of Creating a Sovereign Wealth Fund

Initiate and build a Sovereign Wealth Fund: which will invest locally, continentally, and internationally

The Minister of Finance and Economic Development and Vice President Ndaba Gaolathe has promised a budget that prioritizes inclusive growth, aiming to uplift vulnerable groups through social programs while creating opportunities for SMEs via infrastructure, regulatory reforms, and access to global markets.

Vice President delivers a Budget that Aims at Growth and Protection of Vulnerable Groups

Deploy the national budget to lift the economy

The Ministry of Finance and Economic Development organized a budget pitso for the youth and later for local authorities with the aim of consulting the public and stakeholders and take their input and interventions in the Budgetary process.

Government Organises Youth and Local Government Budgets Pitso's

Monitor and evaluate the impact of public interventions and support

The Minister of Finance and Economic Development and Vice President Ndaba Gaolathe says his government will increase income tax for the highest tax bracket by 1.5%. The Minister of Finance and Economic Development also says Corporate Tax will also be increased by the same percentage points.

Government Introduces 1.5% tax Increases for High Income Earners and Corporate Tax

Introduce progressive taxation through fewer or even no taxes for the very low-income groups and gradually increasing taxes with the highest levels of taxes lower than regional taxes

President Duma Boko on November 14 met with DeBeers executive led by Chief Executive Officer AL Cook. After the meeting, the president and the CEO both promised that a new diamond deal between the 2 parties is almost complete. The new deal will allow Botswana through the Okavango Diamond Company to increase its trade value to 30% and rise gradually to 50% in the next 10 years.

Position Botswana as a Leading Diamond Trade Centre

Position Botswana as one of the top 10 diamond trading centres globally and the top 3 in the EMEA (Europe ,Middle East and Africa) region

The government of Botswana has announced a decision to lift the import vegetable ban that the previous government introduced. The ban restricted retailers and buyers from sourcing vegetables from across the border. The Vice President in announcing the ban pointed out that this will allow a broader for buyers and sellers of farm produce especially with neighboring countries.

Government Lifts Vegetable Ban

Establish regional crop and agricultural markets for all farm-related products

Botswana Development Corporation (BDC), the government&rsquo;s main investment entity has officially opened a state-of-the-art manufacturing facility called Delta Automotive Technologies in Lobatse

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Promise

Promise History

Government Starts the Process of Creating a Sovereign Wealth Fund