Mmegi

Boko gives wealthy foreigners easier citizenship path

Boko addressing UN 80th General Assembly.PIC GETTYIMAGES
Boko addressing UN 80th General Assembly.PIC GETTYIMAGES

Botswana has become the latest country to put a price on its citizenship, signing a deal with international consultancy, Arton Capital, to launch a Citizenship by Investment Programme (CIP).

The arrangement grants foreign nationals' citizenship for as little as US$75,000, roughly P1 million, according to a live website endorsed by Arton Capital.

The announcement was made on the sidelines of the United Nations General Assembly in New York last week, where President Duma Boko said that the initiative will unlock the much-needed capital for the country's diversification push, while also creating opportunities for investors.

Editor's Comment
GCC should fix the Gabs water flow mess

The sight of submerged yards and closed roads is an inconvenience and a clear sign that the capital’s water passages pose a problem to residents. With more rain forecast, this is not a time for panic, as Gaborone City Council (GCC) Mayor Oarabile Motlaleng rightly urges, but it is most certainly a time for urgent, collective action.His appeal for calm must be matched by a firm commitment from both the GCC authorities and every single resident....

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