Botswana

While democratic traditions are strong in Botswana, critics of President Seretse Khama Ian Khama have expressed concerns about creeping authoritarianism, particularly in light of crackdowns on the media and questionable actions by Khama regarding the judiciary. Botswana saw economic difficulties in 2015, attributed to a decline in diamond exports as well as significant electricity and water shortages. Following two quarters of economic contraction, the country had entered a recession by the year's end.

JIM ROGERS: I own every share I have ever bought in Botswana. I first invested there in 1991, I bought more shares over the years, reinvested all of my income there. Granted, the stories are that Botswana has a horrible AIDS ... HIV problem, I don't know. One thing I know about Africa is that nobody really knows all these statistics which people cite ... Botswana has some great things going for it. There is nothing quite like being the world’s largest diamond producer, or one of them–to give people a good outlook. And it has been, and appears to be fairly stable.