How Botswana can take advantage of the COVID-19 pandemic
Friday, April 17, 2020
Just like the World Wars though, this pandemic has forced responses that challenge the status quo and predict that life and business will change post the pandemic. For Botswana, this is no different. The pandemic has put front and centre our deficiencies as a country and economy: our over-dependence on imports and especially South Africa, our lack of citizen ownership in big business, our poor uptake of technology in business and education and our deficient health sector. Whilst all of these have always been known in the past, the pandemic has forced the political will to deal with them that is unprecedented and should be used wisely.
Below are my thoughts on the challenges and opportunities these present and how I hope the government will respond to them:
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...