Botswana Investment and Trade Centre Act, 2011

The Botswana Investment and Trade Centre Act, 2011 establishes the Botswana Investment and Trade Centre as a corporate entity, formed through the merger of the Botswana Export Development and Investment Authority and the Botswana International Financial Services Centre. The Centre is governed by a Board of nine members, appointed by the Minister, and tasked with policy determination, oversight of operations, and strategic review of the Centre’s objectives. The Board's composition includes government representatives, individuals with relevant expertise, a legal advisor, and the Chief Executive. The Act delineates eligibility criteria for Board membership, reasons for disqualification, and procedures for removal from office. Conflicts of interest are addressed through mandatory disclosures, with penalties for non-compliance. The Act grants authority to the Centre to promote investment and exports, facilitate partnerships, conduct research, and provide advisory services, among other functions. Financial provisions include revenue sources, accounting and audit requirements, and the establishment of funds for operational and employee benefits. The Act ensures Ministerial oversight through periodic reporting obligations, including annual reports submitted to the National Assembly.