Botswana is a middle-income developing country in Southern Africa with an economy mainly reliant on mineral resources, particularly diamonds. Other sectors of the economy like energy are trailing behind in this country's development. For a long time, Botswana has been relying on imported energy from her neighboring countries. Due to this great dependence, the country has had little control over sufficiency of energy supply, especially during times of shortages in the neighboring countries. As a result, Botswana came up with a number of initiatives over the years to ensure security of supply and self-sufficiency in the energy sector. However, even with the efforts made, currently Botswana is still not self-sufficient and is facing challenges of energy shortages mainly in the power sector. This paper therefore, seeks to review the various policy instruments that have been adopted in Botswana from 1996 to date, identify challenges that come with them and make recommendations on the identified challenges.