A familiar uncertainty sets over the economy

Hard times: The economy suffered its deepest contraction since Independence in 2020 when COVID-19 hit PIC: MORERI SEJAKGOMO
Hard times: The economy suffered its deepest contraction since Independence in 2020 when COVID-19 hit PIC: MORERI SEJAKGOMO

Debswana, the country’s main economic actor, is on track to break a six-year record in sales, while government reserves and the budget are also shaking off the COVID-19 slump. However, as has so often happened in recent years, dark clouds are gathering on the horizon, notes Staff Writer, MBONGENI MGUNI

To use American slang, the economy, which includes business activity, employment creation and the collective aspirations of Batswana, cannot seem to “catch a break”.

The boom economy which stretched from the late 1990s to the late 2000s with diamond and copper production reaching historic peaks, government surpluses rising to similar highs, while poverty and unemployment fell, seems a distant, wistful memory of consistency that policymakers and citizens desperately long for today.

Editor's Comment
Happy Independence!

We are 56 years old and what do we have to show for it? Looking at where Botswana started and where it is today, there are a lot of developments, but whether the developments match the number of years we have enjoyed as a country is a topic for another day.The fact that cannot be denied is we have seen major developments, but we are still lacking in several pertinent areas.Our beautiful country imports almost everything. We import fuel, food,...

Have a Story? Send Us a tip
arrow up