Thursday, 20 July 2017

List of 10 Best Business Opportunities in Botswana



Botswana is one good country to do business in
because of its agricultural resources, high-quality minerals, modern transportation and good communication infrastructure. Botswana offers unique business opportunities in different sectors that entrepreneurs can venture into and build long lasting wealth.

If you are looking to know the different kinds or types of business opportunities in Botswana, I am glad to tell you that you are in the right place at the right time.

Here is my list of 10 best business opportunities in Botswana for any serious investors or entrepreneur to
venture into and be of economic value to the country of Botswana.

   1.Tourism and Hospitality

The first on my list of 10 best business opportunities in Botswana is tourism and hospitality. Chobe
National Park, Tsodilo, Khama Rhino Sanctuary, Kalahari Desert, Kubu Island and so many other places have become some of the most visited places by tourists from around the world.

As you would expect, there are various opportunities in this sector which include; hotel services, renting of
camping equipment, transportation, resorts etc. There are also possibilities of foreign investors partnering with Botswana governments - to improve inland waterways or national parks.
Barriers to entry in this business sector are relatively low and it requires limited capital.

    2.Manufacturing of Leather Products

This is second after tourism and hospitality. Botswana is known for breeding animals like cows and goats. This is an opportunity where an entrepreneur can start making leather bags and shoes from these animal skins.

If an entrepreneur approaches this business on a large scale, he or she may end up selling to the international market as they do have high demands for them.

    3.Agriculture

This is another business opportunity available to investors and entrepreneurs in Botswana. In Botswana, vegetables, goat meat and chickens are being imported from surrounding countries. Entrepreneurs can tap into these opportunities in Botswana and make good money out of it by delivering these products to consumers without them
going out to import these products at a higher cost.

Agriculture has the potential to support other industries such as manufacturing, products marketing, fertilizer production, pesticides, and seeds production, food processing, and grains refining.


    4.Fast Moving Consumer Goods

It was estimated that Botswana’s consumer spending in 2016 was over one million dollars. With a population that is arguably increasing, the Fast
Moving Consumer Goods sector promises to be very
profitable.

Foods, beverages, home and personal care products provide ample opportunity for manufacturers and retailers as their demands continue to soar. Investors who dominate this market at the first instance are
likely to remain the main players for a long time.

    5.Mining


For decades now, Botswana has been dependent on Diamond mining. Forgetting other minerals that they
can also mine. There is a huge opportunity in the mining of other minerals in the country.
If you have the capital, the government is encouraging an investor to invest in this sector. 

The government has passed a Mines and Mineral Act which encourages investors to invest in the
exploration of other mineral resources of Botswana. Interested business entrepreneurs have a chance to tap immensely into this sector.

     6.Fast Food Franchise


Most fast food franchise in Botswana are international brands like KFC and Chicken Licken. This is a good time for indigenous entrepreneurs to start up their own fast food franchise and stop the expansion of foreign fast food franchise.


7.Magazine Publishing

 If you are based in Botswana, you will notice that supermarkets are packed full of foreign magazines. Hardly you will find a local magazine because local magazines don’t push hard on marketing their magazines to readers.

These foreign magazines sell well not because their content is good but because they know how to put it in front of potential readers. This is still a niche market, so why don’t you set up your own lifestyle or entertainment magazine?

   8.Horticulture

If you are interested in horticulture, Botswana present a good opportunity for this business. Flowers are in high demand in places where it is needed like hotels, funerals homes, parties, residential houses.
Most of the flowers seen in most hotels and homes in Botswana are flowers from other countries around.
This is one best business opportunities in Botswana you can venture into.

     9.Baby Sitting Services

Babysitting services are on the rise in Botswana. This is due to the reasons that parents must work to put
food on the table as the present economy recession is getting worse by the day and they need someone around to look after their children.

You don’t lose anything for embarking into this business. You can start this business by investing more on advertising letting a parent know that there
is a trusted company they can leave their children with and be rest assure that their children are in safe hands.

Parents who are happy with a particular babysitting company would be willing to tell friends and neighbors.


    10.Transportation

This is another profitable business opportunity in Botswana. People has to move from one location to another, and not everyone can afford to buy a car.
You can start with one bus or car to transport people to their destination.

I know of so many people that started with a single bus and today they have their own registered transport in Botswana.

With all these business opportunities in Botswana explained above, you don’t have any excuse why you should not start your own business in Botswana. My candid advice for you is to first conduct your own research before embarking on any business of your choice.





No comments:

Post a Comment