FDI precariously dominated by mining

Kenneth Matambo.PIC: MORERI SEJAKGOMO
Kenneth Matambo.PIC: MORERI SEJAKGOMO

Foreign Direct Investment (FDI) into Botswana is largely channelled towards the mining industry, which has welfare implications for the country due to the sector’s low capacity to generate jobs.

According to the Millennium Development Goals (MDG) 2015 Status Report launched in Gaborone yesterday, FDI is dominated by mining at almost 75 percent share with the finance sector coming a distant second at 17.5 percent.

The retail sector comes in at third with a 2.26 percent share and manufacturing, transport and communication, construction and hospitality contribute less than one percent.

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...

Have a Story? Send Us a tip
arrow up