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
Use social media to build, not destro

It is a warning flare to every Motswana who logs onto social media. As a country, we have reached a point where the line between robust debate and outright destruction has become dangerously blurred. At face value, Mabeo’s response, which seeks an apology and threat of a defamation suit, might seem severe to some. But we cannot ignore the context. The comment in question did not offer a policy critique or question a political decision.It...

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