Botswana’s economy remains one of Africa’s success stories, having transformed itself from a Least Developed Country at the time of independence in 1966 to a Middle Income Country within three decades. Sound macroeconomic policies, good governance, well-functioning institutions and judicious management of diamond resources are the hallmarks of Botswana’s remarkable economic performance. The per capita income which stood at around USD 70 in 1966 is currently at about USD 6 500, bolstered by the discovery of diamonds.