Mmegi

BSE chief positive that privatisation can transform Botswana’s economy

Seeking solutions: Bolokwe
Seeking solutions: Bolokwe

According to the Bank of Botswana, Botswana’s economy has to grow by 6.7% to escape the middle income trap, achieve a high income status and realise the aspirations of Vision 2036 – Towards Prosperity for All.

However, the current economic projections point to growth of no more than one percent. Amid the prevailing fiscal pressures, thought leaders concede that it is more vital now than ever before to spur private sector growth in order to transform and diversify the economy, and position it for faster growth.

At the just ended 17th National Business Council, held in Francistown from 26 – 28 August, thought leaders gathered to come up with resolutions that could transform Botswana’s economy, under the theme “Invigorating Economic Transformation through Private Sector Growth”.

Editor's Comment
Our digital safety is in our hands

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...

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