Botswana’s subtle revolution: Orchestrating economic liberation through mineral wealth (Part 2)
Friday, February 09, 2024 | 240 Views |
Sharing insights: Mathumo
As we continue our exploration into Botswana's economic landscape, the spotlight shifts from the allure of diamonds to the covert manoeuvres that are bleeding the nation of its rightful gains. Mineral rents, the economic heartbeat of the sector, are meant to be the windfall from a nation's precious resources, providing a lifeline to economic growth.
However, as the curtains are drawn back, it becomes painfully clear that the true value of Botswana's rough gemstone diamonds is being siphoned off beyond its borders, leaving the nation with a fraction of what it rightfully deserves.
It is a clear signal that the government’s purse is empty and that our own behaviour has left veterinary officials fighting with one hand tied behind their backs. We have been here before. During COVID-19, many of us thought we knew better. We ignored simple rules, we carried on as if the danger was someone else’s problem, and the virus took lives and left our economy on its knees. We are still broke from that experience. Yet now, with FMD...