Who failed Botswana — The technocrats or the system?
Friday, June 20, 2025 | 510 Views |
Demanding change: Boko recently challenged accounting officers to change their operational paradigms PIC: PHATSIMO KAPENG
There is a Maasai proverb that says, “Don’t let the belly make you useless.”
Given the current economic crunch, one might wonder if Botswana grew drowsy from a prolonged diamond feast. For years, the country enjoyed consistent economic growth powered by its mineral wealth. But now, as the diamond windfall wanes and debt piles up, the reality of an underprepared economy has come crashing in. It seems Botswana is waking up — only to find itself in freefall, with no recovery in sight.
That sounds like good news. But the report also warns that this may simply be because our digital economy is still young, not because we are safe. As more people shop, bank and pay online, criminals will follow.We Batswana do not need a report to tell us that danger is real. Many of us have heard of or fallen victim to KYC scams. A caller impersonates your bank or mobile money provider. They say they need to “verify” your account. They ask...