Botswana urged to adapt knowledge economy

Botswana has been urged to reinvent its systems to adapt to the knowledge economy. The knowledge economy, which commonly makes up a large share of all economic activity in developed countries, is described as a system of consumption and production that is based on intellectual capital.

This week, at the ‘Open Data Open Science’ national forum held in Gaborone, principal researcher and country managing partner at Joint Minds Consult (JMC), Patrick Molutsi said knowledge is a key commodity and a defining source of wealth in a knowledge economy and society.

He said less developed economies are characterised by lower levels of utilisation of information to produce knowledge and intellectual property to drive their development.

Editor's Comment
Botswana at a critical juncture

While the political shift brings hope for change, it also places immense pressure on the new administration to deliver on its election promises in the face of serious economic challenges.On another level, newly appointed Finance Minister Ndaba Gaolathe’s grim assessment of the country’s finances adds urgency to the moment. The budget deficit, expected to be P8.7 billion, is now anticipated to be even higher due to underperforming diamond...

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