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Botswana’s economy in need of shift -Sejoe

Botswana Investment and Trade Centre CEO, Letsebe Sejoe has said there is dire need for a shift in the economy to diversify it from mining. Sejoe was speaking at the second Fresh Thinking Series on Monday this week.

Botswana has for over three decades focused its economy on diamond mining, which has contributed significantly to the Gross Domestic Product (GDP), albeit it tanking in 2012 to 20% from its 2000’s contribution of 40%.  “There is a dire need of a shift to be done to diversify the economy from the mining sector more especially the diamond production in Botswana which is highly capital intense therefore generating less employment creation,” said Sejoe.

Despite Botswana's mining sector having contributed a lot to its economy over the past years, the country has failed to capitalise on them and benefit from their production. “Botswana has abound opportunities in the mining sector. We need to value add the extraction of the mining sector and take advantage of the lack of extraction,” Sejoe added.

He continued to explain that further diamond processing in terms of polishing and cutting were some of the contributing factors that could contribute to the economy’s diversification.  Even though Botswana has some of the friendly trading environments such as an open democracy, with access to an economy of about 6 million people despite its population of 2 million, Sejoe advised that Botswana is a great place to do business more especially in the growing sectors such as Manufacturing, Agro-farming and ICT.

The seminar which also hosted entrepreneurship heavy weights such as Vusi Thembakwayo, Percy Raditladi, and Abdullah Verachia also dialogued on issues of unemployment among the youth.

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Hunt for new Ombudsman ongoing

17th August 2022

The Minister of Justice, Machana Shamukuni says the search to appoint the Ombudsman and other critical heads of department is currently ongoing and the process is expected to be completed before end of the year.

The Ombudsman position fell vacant almost five months ago after Augustine Makgonatsotlhe was removed from the office and appointed as Ambassador to Kuwait.

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Two Batswana detained in Zim for illegal trade in mercury

17th August 2022

Two Batswana nationals have been arrested in Zimbabwe for illegal trade in mercury. The duo is being held together with a Zimbabwean national who is being questioned by the Zimbabwe Republic Police (ZRP).

This publication understands that the suspects who are aged between 39 and 56 years hail from Tutume and Selebi-Phikwe. At the time of the arrest, they were found in possession of a pistol, bomb motor and four live rounds. It is understood that the suspects told investigators during interrogation that the deadly substance has a lucrative market in Far East countries, where the demand is high. It is further reported that the suspects claimed that the mercury can be easily accessed in mines through middleman.

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No end in sight for Botswana/ Namibia looming border row

17th August 2022

The Namibian Lives Matter Movement has weighed in on the looming border dispute between their country and Botswana.

Commenting on reports that the Namibian Parliament has dispatched a committee along the border between the two countries on fact finding mission, the group commended“the National Assembly’s Standing Committee on Foreign Affairs, De-fence and Security that will engage community members living along the Namibia Botswana Border in conducting public hearings into acts of aggression and brutality by Botswana Defence (BDF) Force against innocent and unarmed Namibians.” 

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