Govt must move over - World Bank

In an interview with Mmegi on the sidelines of the National Business Conference (NBC) that began here on Monday, World Bank chief economist for Africa, Shantayanan Deverajan, said although government interventions might have been with the best intentions, they have had the undesired consequences of crowding out the private sector, which is supposed to lead economic activity.

"Government has overcommitted themselves in some of the economic activity that should have been left to the private sector," Deverajan said. "And I don't really blame them because they have had a lot of money from diamonds and the need to make way for the private sector could have been less urgent.