Tourism, critical contributor to Botswana's economy
Friday, August 09, 2019
Dereck Joubert
The report found that by 2030, consumer spending on tourism, hospitality, and recreation in Africa is projected to reach about $261.77 billion, $137.87 billion more than in 2015. From 1998 to 2015, the report notes, service exports such as tourism have grown about six times faster than merchandise exports in Africa.
Given these trends, the travel and tourism industry has significant potential in Botswana, notably due to the country’s rich natural resources and our potential to further develop cultural heritage and economic growth.
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...