Botswana is banking on a controversial new “golden passport” scheme as it seeks to bolster state coffers drained by falling diamond sales.
The golden passport, which would require foreigners to pay a one-off investment of up to around $100,000 in exchange for citizenship, puts Botswana on a growing list of countries that offer passports-for-cash, including St Lucia, Malta and Grenada. US President Donald Trump too in 2025 announced a $5mn “gold card” that would offer residency.
Armand Arton, chief executive of Arton Capital, a financial advisory firm marketing the scheme, said prospective applicants appeared to be “attracted . . . by the political stability of Botswana, the opportunities and the rule of law”.
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