Botswana International Financial Services Centre seeks legislative review

source: Mmegi

WANETSHA MOSINYI
STAFF WRITER

Because of limitations hampering its growth, the Botswana International Financial Services Centre (IFSC) has engaged its principals to review the IFSC legislation, says IFSC chief executive Alan Boshwaen.

“Our priority is to see the IFSC legislation improved so that it unlocks value for us to lure more companies to domicile here and to pursue other long-term strategies,” Boshwaen told Business Week in an interview.

If the legislation is improved, the IFSC will be able to attract more international funds and focused funds such as diamond financing. Boshwaen says it has become clear from their efforts to lure companies to domicile in Botswana that the cost and time of doing business in the country need to be [continue reading]