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Channelling International Investment Funds in Africa. Table of Contents . Context of the Botswana Africa Mining Fund Why domicile funds in Botswana? Why manage and administer funds in Botswana? Conclusion. Botswana Africa Mining Fund . First mining fund for Botswana

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Presentation Transcript
table of contents
Table of Contents
  • Context of the Botswana Africa Mining Fund
  • Why domicile funds in Botswana?
  • Why manage and administer funds in Botswana?
  • Conclusion
botswana africa mining fund
Botswana Africa Mining Fund
  • First mining fund for Botswana
  • Marketed to Professional Investors Only
  • CIU and Regulated by BoB
  • Registered in the IFSC
why domicile funds in botswana
Why Domicile Funds in Botswana?
  • Enabling Environment
    • Legal and Regulatory Framework
      • Developed legal system
      • Immigration of foreign nationals
      • Laws are consistent
      • Rights can be defended and disputes settled
      • CIU legislation in place
      • Regulation by the BoB
why domicile funds in botswana cont
Why Domicile Funds in Botswana? (Cont..)
  • Tax Policies
    • Government has set up the BIFSC
    • Tax advantages if funds are IFSC designated – e.g. exemption from withholding tax on dividends paid to non-residents
    • Promotion of the fund - IFSC
  • Governance and Anti-Corruption
    • Accountable
    • Transparent
    • Efficient and Effective
    • Responsive
    • Rule of law
why domicile funds in botswana cont6
Why Domicile Funds in Botswana? (Cont..)
  • Accessible government
    • Ready to do business
    • Dialogue with the private sector
  • No Exchange Controls
    • Improve efficiency of the economy
    • Higher increased living standards
    • Reduce unnecessary government intervention
    • We need to take advantage of this competitive edge
fund management
Fund Management
  • Pros
    • Cost advantage compared to Europe
    • Pan African Fund – close to markets
    • Information is accessible
    • Access to capital
fund management8
Fund Management
  • Cons
    • Lack of experienced investment professionals
    • Long distances to developed markets
fund administration
Fund Administration
  • Fund Administration
    • Back office activities
    • Valuations / Pricing
    • Fund Accounting
    • Reconciliations
slide10

Fund Administration

  • Pros
    • High levels of education
    • Reasonably well developed IT Infrastructure/Telecoms
    • Same time zone as Europe
    • English speaking
    • High auditing standards
fund administration11
Fund Administration
  • Cons
    • Lack of technical skills
    • Lack of experience
    • Limited back office activity in Botswana
    • Band width challenges
    • High labour costs
conclusion
Conclusion
  • Speed
  • Government policies
slide13

Contacts

Thank you

Bifm Capital

Tel: +267 395 1564

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