Botswana is one of Africa's most stable countries and is the continent's longest continuous multi-party democracy. It is relatively free of corruption and has a good human rights record. Botswana is also the world's largest producer of diamonds and the trade has transformed it into a middle-income nation. The country even launched its own diamond trading company - Diamond Trading Company of Botswana - in a joint venture with diamond giant De Beers.
Another important source of income is safari-based tourism as Botswana protects some of Africa's largest areas of wilderness in a way that is tightly-controlled and often upmarket.
Imara In Botswana
Imara Holdings Limited ("Imara Holdings") is domicile in Botswana and is a management-controlled African investment banking group that emerged from the African operations of Robert Fleming Holdings UK ("Flemings") in 2002.
Between its entry into the African market in 1993 and 2000, Flemings made a number of acquisition through which it established three areas of key competence (Asset Management, Corporate Finance and Securities Broking) in Botswana, Malawi, Mauritius, Namibia, South Africa and Zimbabwe.
In August 2000, Flemings announced its acquisition by Chase Manhattan Bank, which immediately merged with JP Morgan, which, on review, announced its intention to dispose of its holdings in these African operations. By October 2002, the JV partners had re-purchased their respective businesses and the management consortium, responsible for the largest Flemings business in the region, re-branded their business as "Imara". This incorporated the new Group's holding company, Imara Holdings, in Botswana under the I.F.S.C.
In Botswana, Imara operates a Corporate Advisory business focussed on both the domestic Botswana as well as the regional corporate sectors. Being headquartered in Botswana and regulated by NBFIRA, the Group treasury and its finance function reside here.
Group Chief Financial Officer, Imara Holdings
Telephone: +267 318 8710