The scheme, set to formally open in early 2026, aims to diversify the country’s economy beyond diamond exports and attract global capital into sectors such as housing, tourism, mining, and renewable energy.

Early interest has been strong, with applicants from the United States, Zimbabwe and India leading registrations according to The Financial Times.

The programme aims to diversify Botswana’s economy beyond its heavy reliance on diamond exports, which account for roughly a third of GDP and have declined in recent years.

Botswana’s budget has been constrained this year due to a prolonged downturn in the global diamond market. It is the world’s leading producer of diamonds by value.

“This programme will enable us to continue to secure the long-term financial future of Botswana,” Boko said in a statement.

Under the scheme, applicants must make a government contribution of between $75,000 and $90,000, with total costs including due diligence and additional fees likely approaching $90,000 or slightly more depending on family size.

The programme is expected to operate under a quota system, with limited spots available once legislation is finalised and official applications open in early 2026.

Early interest surges as Botswana targets global investors

Early demand has been strong: in the first week of pre-launch registrations, the portal recorded 464 expressions of interest from 77 countries, led by applicants from India, the United States, South Africa, Pakistan, Nigeria, and Zimbabwe.

Many registrants plan to apply with family members, highlighting the programme’s appeal among global investors.

Unlike traditional residency-for-investment programmes, Botswana’s CBI initiative also allows for dual citizenship, a notable policy shift for a country that historically restricted multiple nationalities.

Botswana joins a growing group of African nations offering citizenship or residency through investment like Egypt, Sierra Leone, and São Tomé and Príncipe. These nations already operate active citizenship‑by‑investment programmes, requiring contributions ranging from $90,000 to $250,000.

Other nations, including Mauritius, Namibia, Kenya, and Uganda, are exploring or planning similar schemes to attract foreign capital, diversify their economies, and strengthen strategic sectors.

Proponents say the scheme will attract capital for housing, tourism, renewable energy, mining, and financial services, supporting Botswana’s long-term economic diversification.

Critics caution that such programmes must maintain strict due diligence to guard against misuse and protect national integrity.

If implemented carefully, the scheme could become a model for other African nations looking to combine revenue generation with strategic economic growth. (Business Insider Africa)