mmegi

Making millionaires: The thinking behind govt’s Middle- Class Strategy

Growing the middle: The Trade Ministry estimates that 34.8% of households, or 275,104 individuals in the country can be classified as middle-class
Growing the middle: The Trade Ministry estimates that 34.8% of households, or 275,104 individuals in the country can be classified as middle-class

A fortnight ago, government briefed on plans to create 100 new, young citizen millionaires in the next 10 years as part of a Middle-Class Strategy. The plans were met with criticism and even cynicism by many Batswana. Staff Writer, MBONGENI MGUNI engages Trade Ministry experts behind the strategy to get more details and answers

Mmegi: What informed the development of the Middle-Class Strategy and when did the consultation on this start?

Ministry of Investment, Trade & Industry (MITI): In 2018, the government decided to develop the Strategy for the Development of the Middle Class in Botswana. The idea was informed by the realisation that most government policies and programmes in the last 10 years were predominantly targeting groups like the youth, women and people living with disabilities. There were no programmes specifically designed and targeting the middle class even though they have a competitive advantage for entrepreneurship emanating from both tangible and intangible assets in their possession. The intangible assets include managerial experience, expert knowledge and education, while tangible assets include land, vehicles and housing, all of which may support business start-up. MITI was tasked to develop the strategy and undertook a situational analysis study for the development of the study. Consequently, the report from the study was used to draft the strategy.

Editor's Comment
BPF should get house in order

Speaker of the National Assembly, Dithapelo Keorapetse, has this week rightly washed his hands of the mess, refusing to wade into a party squabble that has no clear leadership and no single version of the truth.When a single party sends six different letters to the Speaker’s office, each claiming to be the authoritative voice, it is not just confusion, but an embarrassment.Keorapetse is correct to insist on institutional boundaries. Parliament...

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