First Rand CEO lauds 'stable' Botswana

Speaking at a luncheon hosted in his honour by First Rand's subsidiary FNB Botswana, Nxasana said such initiatives "send the right message" and attract foreign investment. He commended the country for its good macro-and-micro economic policies, political stability, good governance and an investor-friendly market. "Botswana's economy has been stable and growing, even though it slowed down last year, but that is part of the economic cycle," Nxasana said. "In the context of SADC, especially with the ongoing turmoil in Kenya, it is vital that the country maintains the stability. This will show the rest of the world that in countries like Botswana, Africa can still be (a place) to do business."

He said the economies of developing countries are currently growing faster than those of the developed world and that Africa should take advantage of this.