The objective of the strategy is to facilitate for the middle class to effectively participate in the country’s economic development through the creation of globally competitive sustainable businesses while providing growth opportunities. Speaking at the launch, the Minister of Investment, Trade and Industry (MITI) Mmusi Kgafela said the strategy seeks to assist Botswana to achieve its national goals of economic diversification, job creation and poverty eradication. He noted that the middle class across the world drives economies through purchasing power and high levels of expenditure. “The vision is to make the middle class a significant driver of Botswana’s economic development by the year 2036, in line with the goal set in the National Entrepreneurship Policy approved by Parliament in 2019,” he said.
He added that growing the middle class means coming up with appropriate policies and strategies that will cause the middle class to grow both qualitatively and numerically while equally causing commendable growth in other income categories. According to Kgafela, the strategy is for public, private and other sectors, therefore must have a collective policy approach of the development of necessary conditions for employee transition from the world of work to the world of business.
