Country · BWA

Botswana · Markets and rating

Sovereign rating

BBB: Botswana is investment grade

Botswana is no. 1 of the 34 African countries rated, among the best rated in Africa. The agencies judge the risk of default low. The country can borrow from the large pension and insurance funds, at lower rates.

History of decisions → Ratings of the 54 countries →

Good rating BBB

Category: Investment grade
In Africa: no. 1 of 34
Trend: Falling

Botswana · BBB

1 notch above the investment grade threshold

S&P

BBB−

negative outlook · affirmed 11 Sep 2026

Source ↗

Moody's

Baa2

stable outlook · downgraded 25 Sep 2026

Source ↗

AfCRA

—

The African agency, launched on 7 October 2026, has not published a rating yet.

Long-term foreign-currency ratings, from the agencies' releases · verdict and common scale: Syli Atlas's reading of the agencies' categories · a rating is an opinion on credit risk, not investment advice

Business climate

Botswana: a business climate better than in most African countries

Above the African median on 5 indicators out of 5. Syli Atlas gives no « business friendly » verdict of its own: each score comes from the World Bank, compared with the other African countries.

Governance

Worldwide Governance Indicators 2025, score from 0 to 100

Regulatory quality 61.6 no. 2 of 54

Can the state make and apply rules that let private business grow?

Rule of law 63.3 no. 5 of 54

Are contracts, property rights, the police and the courts reliable?

Government effectiveness 61.2 no. 4 of 54

Quality of public services and of the administration.

Control of corruption 59.9 no. 4 of 54

How far public power is used for private gain.

Business regulations and services

World Bank Business Ready (B-READY) 2025, score from 0 to 100

56.7 average of the three pillars · no. 8 of the 29 African economies covered

Regulatory framework 64.4 no. 10 of 29

Public services for firms 45.4 no. 9 of 29

Operational efficiency 60.4 no. 4 of 29

Sources: World Bank, Worldwide Governance Indicators (CC BY 4.0) and Business Ready (CC BY 3.0 IGO) · the line marks the African median · ranks among the African countries covered

Stock exchange

Botswana on the BSE

The BSE page →

Domestic Companies Index: 11,323.99; ▲ +0.15 % · 11 Nov 2026
Listed securities: 42; BWP

Most traded local companies

1 SATRIX500 ▲ +2.33 %
2 KWA NOKENG ▲ +4.35 %
3 NEWGOLD ▲ +6.68 %
4 Botswana Telecommunications Corporation Limited ■ 0.00 %
5 Letshego Holdings Limited ▼ −2.41 %

Fictitious figures (development), not MansaAPI's · close of 11 Nov 2026 · end of day, not live · information, not investment advice