Botswana’s high stake diplomatic antics
Friday, February 09, 2024 | 570 Views |
Masisi has expressed in action the desire to break away from over reliance on South Africa
The southern African region is known for its chivalrous hallmark, a region of countries either known for long-lasting peace, economic prosperity and democratic consolidation. The perk is led by South Africa which holds the stick due to its bulky economic muscle and strong military strength.
For nations like Botswana, South Africa has turned into the ‘bakery’ where it gets its economic bread, with the latter being Botswana’s major trade partner accounting for more than 50% of imports. Despite this producer-consumer relationship that adjoins the duo, Botswana has been consistently biting the hand that feeds it, taking gradual steps to break away from its economic dependence on South Africa, a dice roll that threatens to roll out on a silent economic war between the region.
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...