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Strict IFSC regime leads to a decline in accredited companies

Strict IFSC regime leads to decline in accredited companies
BITC CEO: Olebile

Botswana Investment and Trade Centre (BITC) Chief Executive Officer (CEO) Keletsositse Olebile says Botswana’s strict laws contribute to the lower number of the International Financial Services Centre (IFSC) accredited companies.

He was speaking during a media engagement this Tuesday, where he explained that Botswana has to comply with Organisation for Economic Cooperation and Development (OECD) guidelines.

Olebile revealed that currently, Botswana has 51 registered IFSC companies, a number that once stood at over 100.

Explaining the reason for the drop, Olebile said in complying wit...

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