�eating diamonds� will no longer anchor growth
Wednesday, September 28, 2016
Botswana will need to expand services and manufacturing to counter depleting diamond resources
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.
Whilst celebrating milestones in inclusivity, with notably P5 billion awarded to vulnerable groups, the report sounds a 'siren' on a dangerous and growing trend: the ballooning use of micro-procurement. That this method, designed for small-scale, efficient purchases, now accounts for a staggering 25% (P8 billion) of total procurement value is not a sign of agility, but a 'red flag'. The PPRA’s warning is unequivocal and must be...