How has the IFSC performed since its inception?
The IFSC has recorded measurable achievements since its inception. Since its establishment, 35 companies have been accredited. As of the end of March 2006, companies had invested US$ 18.5 million and used local support services such as consultants and lawyers, telecommunications, IT and insurance amounting to P11 million for the year ending March 2006. Most of the existing companies provide finance and administration functions to subsidiaries in 14 countries in Africa. The IFSC has also been able to motivate crucial policy changes in Botswana that were identified as impediments. These changes will enable Botswana IFSC to compete more effectively in all sectors typically offered in successful financial centres including banking, insurance and funds management.
