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The SADC Free Trade Area was established in August 2008, after the implementation of the SADC Protocol on Trade in 2000 laid the foundation for its formation. [ 23 ] [ 24 ] Its original members were Botswana , Lesotho , Madagascar , Mauritius , Mozambique , Namibia , South Africa , Eswatini , Tanzania , Zambia and Zimbabwe , [ 25 ] with Malawi ...
Botswana boasts a GDP (purchasing power parity) per capita of about $18,825 per year as of 2015, which is one of the highest in Africa. [1] Its high gross national income (by some estimates the fourth-largest in Africa) gives the country a modest standard of living and the highest Human Development Index of continental Sub-Saharan Africa .
Gaborone is the political and economic capital of Botswana, home to its largest companies and the Botswana Stock Exchange. It is also serves as the headquarters of the Southern African Development Community (SADC). [17] The main spoken languages in the city include Setswana , English, Kalanga, and Kgalagadi.
The Southern African Development Community (SADC) was established in 1980 to facilitate co-operation in the region. It includes: [6] Angola Botswana Comoros Democratic Republic of the Congo Eswatini (Swaziland) Lesotho Madagascar Malawi Mauritius Mozambique Namibia Seychelles South Africa Tanzania Zambia Zimbabwe
The economy of Botswana is currently one of the world's fastest growing economies, [19] averaging about 5% per annum over the past decade. [19] Growth in private sector employment averaged about 10% per annum during the first 30 years of the country's independence.
The headquarters of the SADCC were located in Gaborone, Botswana, since 1982. [1] The Declaration and Treaty establishing the SADC, which replaced the Coordination Conference, was signed at the Summit of Heads of State or Government on 17 August 1992, in Windhoek, Namibia. [1]
ABSA Bank Botswana Limited, part of Absa Group; Access Bank Botswana Limited (formerly BancABC), part of Access Bank Group; Bank Gaborone Limited; Bank of Baroda (Botswana) Limited, part of Bank of Baroda Group; BBS Bank Limited; First Capital Bank Limited, part of First Capital Bank Group; First National Bank of Botswana Limited
Botswana has put a premium on economic and political integration in southern Africa.It has sought to make the Southern African Development Community (SADC) a working vehicle for economic development, and it has promoted efforts to make the region self-policing in terms of preventive diplomacy, conflict resolution, and good governance.