How can botswana diversify its economy

The release of this Strategy to the general public is aimed at ensuring that all Batswana know, understand, and contribute to the efforts of Government in diversifying the economy. Skip to main content. Browse by:. National Documents Apply National Documents filter. Keyword Search. How can someone who just lost their job afford that and make the transition?

In a bid to expand the sector, the country is looking at various tourism models — including adventure, cultural, urban, business and — above all — sustainable tourism. Industry experts say a hunting ban imposed three years ago, and the designation of the Okavango Delta as a UNESCO world heritage site , may provide opportunities for growth. The Okavango comprises an area of between 15, and 22, square kilometres, depending on the season, and is home to zebras, lions and the world's largest population of elephants.

The question on everyone's minds, however, remains whether Botswana can survive on tourism alone once the diamonds are gone.

Bousfield was raised in the bush by a family that has been guiding for five generations. Today, he is the owner of the Jack's Camp safari group. We will need a lot more area for tourism Despite the small population, land here is as much of a problem as it is elsewhere," he said, giving the bracelets on his wrist — worn for protection — a jangle with every gesture. In addition to five safari camps, Bousfield has a mobile safari that moves every few days.

Botswana is also looking at boosting trade with neighbouring countries. Expected to be completed by , the metre-long road-and-rail project is being carried out in part with financial aid from the African Development Bank. Rifai said it can also help position a developing country to capitalise on "international markets and new business models based [on] the concept of the green economy". The economy of this African nation may yet hang in the balance.

But one thing is for sure: The country is showing both leadership and foresight as it looks to the future. Daily newsletter Receive essential international news every morning. Take international news everywhere with you! This will also help the company to address its funding maturity mismatch challenges and align its on-lending terms with the needs of the target sectors and clients. The LOC will provide scarce and competitively priced long-term funding to enable BDC to meet its growth and financing needs and complement efforts to mobilize resources from other sources.

In , growth slowed down to 3.