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Foreign investment drive

    JOHANNESBURG

    The government of Botswana will offer tax perks to expatriates as part of a series of new measures aimed at attracting foreign investment.

    Presenting the new budget in parliament on Tuesday, Finance and Development Planning Minister Baledzi Gaolathe said Botswana would also seek a sovereign credit rating from an international agency and introduce intellectual property legislation. He said the tax change for expatriates would involve moves to lift taxation in Botswana on investment income earned outside the
    country. He said the real growth rate during the 1999-2000 financial year was forecast at around 10 percent, more than double the rate achieved the year before.

    This article was produced by IRIN News while it was part of the United Nations Office for the Coordination of Humanitarian Affairs. Please send queries on copyright or liability to the UN. For more information: https://shop.un.org/rights-permissions

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