New country analysis shines a spotlight on Botswana’s economic transformation
Friday, July 14, 2023 | 1860 Views |
CBD aerial view PIC: PHATSIMO KAPENG
A new focus report, produced by Oxford Business Group (OBG) in partnership with the Botswana Investment and Trade Centre (BITC) and Special Economic Zones Authority (SEZA) Botswana, charts the country’s impressive growth story since independence and maps out its plans to become a high-income, export-led country within the next 15 years.
The study provides in-depth analysis of Botswana’s ongoing economic development and journey from poverty to upper-middle-income nation in an easy-to-navigate and accessible format, supported by key data and infographics.
Whilst celebrating milestones in inclusivity, with notably P5 billion awarded to vulnerable groups, the report sounds a 'siren' on a dangerous and growing trend: the ballooning use of micro-procurement. That this method, designed for small-scale, efficient purchases, now accounts for a staggering 25% (P8 billion) of total procurement value is not a sign of agility, but a 'red flag'. The PPRA’s warning is unequivocal and must be...