“The textile and apparel industry has been through a number of growth cycles followed by
periods of retraction. It would appear that it is now consolidating following the closures brought about by the retraction of the FAP and is poised for a period of steady expansion. There are a number of competitive advantages that should continue to attract investors to Botswana. This country held a successful general election in October 2004 which was conducted in such an exemplary manner that most interested countries did not consider it necessary to send observer missions. This type of transparency and lack of corruption is exceptional in Sub Saharan Africa and must count in the countries favour when courting foreign direct investment. The ability of companies and individuals to transfer funds free of exchange control restrictions is a strong attractor for large textile and apparel investments where the ability to trade without restriction or hindrance is essential.”
