Botswana IFSC companies invest P6bln

Thursday, November 05, 2009

There are eight IFSC-certified companies for the year ended 31 March 2009, bringing the total cumulative capital investment by the companies to P6 billion from P4.5 billion the previous year.

The CEO of Botswana International Financial Services Centre, Alan Boshwaen, believes their facilitation efforts continued to "bear fruit" during the year under review as total employment created by these companies now stands at 585, comprising mainly professional skills intensive jobs.

The total tax contribution by Botswana IFSC companies during the year under review stands at P87 million while the government-owned financial services agency received P7.485 million from its principal to fund its operations.

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