World Bank warns Botswana...

In a Systematic Country Diagnostic (SCD) report released recently, the World Bank says while the reduction in reliance on diamonds, as the anchor to economic output is welcome, growth that is largely dependent on consumer spending is not maintainable in the medium to long term.

“Weak capacity by the private sector to create jobs, low wage growth, and increasing household debt pose the highest risk to Botswana’s new growth and diversification trajectory, which is driven by the services sectors such as retail and vehicle trade,” reads the report, whose objective is to address the factors hampering inclusive growth in Botswana.