�eating diamonds� will no longer anchor growth

Botswana will need to expand services and manufacturing to counter depleting diamond resources
Botswana will need to expand services and manufacturing to counter depleting diamond resources

In the past five decades, Botswana has been the beacon of an African success story registering economic growth rates only slower to South Korea and China. Largely backed by a vast endowment of diamonds and investing the proceeds wisely, the country is now an upper middle-income country. But to maintain the current status or move to become a higher income country in the next five decades, BusinessWeek Staff Writer BRIAN BENZA believes that a second transformation is required in the country where ‘eating diamonds’ will no longer be enough to sustain the current growth and income levels

Government has set itself admirable targets of not only graduating to a higher income country status, but has also pledged to weed out the problems of unemployment, poverty, inequality, dependence on government and low household incomes.

Latest available statistics from the World Bank show that Botswana is one of the most unequal countries with an estimated Gini coefficient of per capita consumption OF 0.49 in 2009/10. According to Statistics Botswana (SB), the proportion of the population living below the poverty datum line (PDL) stood at 19.3% in 2009/10.

Editor's Comment
Batswana need to do better to stop FMD

It is a clear signal that the government’s purse is empty and that our own behaviour has left veterinary officials fighting with one hand tied behind their backs. We have been here before. During COVID-19, many of us thought we knew better. We ignored simple rules, we carried on as if the danger was someone else’s problem, and the virus took lives and left our economy on its knees. We are still broke from that experience. Yet now, with FMD...

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