Botswana Market Report
Act came into force on 20 April 2022. Te primary objectives of
this Act are to: u
u Promote of the economic empowerment of targeted citizens;
Ensure the promotion and facilitation of ownership of in- come-generating activities and assets by targeted citizens;
u
Strengthen the ability of a targeted citizen to own, manage and control a private sector enterprise and productive assets.
Targeted citizen are defined in the bill “as a person whose
economic resources has been constrained due to various factors as may be determined (such as gender, educational background, economic status, disability, and age) and other thresholds”. In short the Act is designed to give Batswana, who have up until now been excluded, more of a chance. Te government recognises that a well regulated industry will be able to help fulfil this goal and could be highly beneficial to its citizens as they become in- volved in the industry. In addition the expansion is in line with “Botswana Vision
2036” - a long-term development plan crafted by the government to guide the country towards achieving sustainable economic growth, social development, and prosperity by the year 2036. When, in November 2023, the gaming board announced that
it had received applications for totalizator and bookmaker licenses. the board emphasised that this had been in alignment with not only its strategic objectives but the foundational tenets of Vision 2036, specifically focusing on sustainable economic development as outlined in Pillar one of Vision 2036. “Our commitment to fostering sustainable economic devel- opment through strategic initiatives is exemplified in our proactive approach to licensing. By successfully welcoming totalizator and bookmaker applications, we are not only laying the ground- work for a thriving betting landscape but also contributing to the realisation of Vision 2036's broader vision for sustainable economic growth,” the Gambling Authority said in a statement at the time.
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A FUTURE GAMING BOOM An expanded gambling industry is expected to contribute to the nation’s continued economic growth and development. Te CEO of the Gambling Authority, Emolemo Peter Kesitilwe said that specifically Batswana will be given the opportunity to take part in an industry which he described as traditionally “foreign dominated.”In fact the board expects to see a gaming boom as more and more licenses become available. Citizens will be part of this growing industry due to government
policy. When considering an application for licenses the Authority will need to take into account the economic and social development commitments made by the applicant. Te applicant will also need to state clearly what they will be doing in order to promote citizen participation when it comes to skills transfer and training, preferential procurement, employment creation as well as the development of SMMEs. Kesitilwe has described the new application process and the
“Our commitment to fostering sustainable economic development through strategic initiatives is exemplified in our proactive approach to licensing. By successfully welcoming totalizator and bookmaker applications, we are not only laying the groundwork for a thriving betting landscape but also contributing to the realisation of Vision 2036's broader vision for sustainable economic growth,” Te Gambling Authority.
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