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The Law
The legal system can be divided into “Formal”
and “Customary Law”. “Formal Law is
handled by the Magistrate’s Courts, the High Court
and the Court of Appeal.
Economy
Botswana has maintained one of the
world's highest economic growth rates since independence
in 1966, though growth slowed to 4.7% annually in 2006-07.
Through fiscal discipline and sound management, Botswana
has transformed itself from one of the poorest countries
in the world to a middle-income country with a per capita
GDP of more than $11,000 in 2006. Two major investment
services rank Botswana as the best credit risk in Africa.
Diamond mining has fueled much of the expansion and
currently accounts for more than one-third of GDP and
for 70-80% of export earnings. Tourism, financial services,
subsistence farming, and cattle raising are other key
sectors. On the downside, the government must deal with
high rates of unemployment and poverty.
Tourism
Tourism is becoming highly significant as an earner
of foreign revenue and is currently third on the list
after diamonds and beef. Botswana is already one of
the prime tourist destinations in Africa because of
the unspoilt wilderness it has to offer. To maintain
the present situation Botswana is following a high-cost
low-volume tourism policy. Botswana realised its potential
as a tourist destination early on in its development
and has put aside 17% of its total surface area for
game reserves and national parks.
The wildlife of Botswana is of the very best in Africa.
Wildlife management areas comprise a further 22% which
adds to a record 30% of Botswana which is used for conservation-related
practices a percentage Government can truly be proud
of!
Language
The national language is Setswana. English is the official
language.
Local Time
G.M.T. PLUS 2 HOURS.
Electricty
230 v ac 50 HZ. Square and round-pin wall socket are
used. It is a good idea to take both kinds along.
Banks
The five main commercial banks in the country are:
First National Bank, Standard Chartered, Barclays Bank
Botswana, Stanbic Bank and Bank Gaborone.
Currency
The monetary unit is the pula (which means “rain”)
and the thebe (which means “a drop of rain”).
One Pula is equal to 100 thebe. Botswana is not included
in the monetary system of SA, Namibia, Lesotho and Swaziland.
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