When President Duma Boko launched the Botswana Sovereign Wealth Fund Limited in September 2025, he described it as a bold and visionary step toward economic diversification. Few would dispute the economic ambition behind the initiative. But the manner in which both the Botswana Sovereign Wealth Fund Limited and its predecessor vehicle, the Minerals Development Company Botswana, were brought into existence raises a constitutional question that deserves public attention — not because the policy is wrong, but because the process may be.
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