In 1990, the government published a White Paper that became to be known widely as the Incomes Policy. This was a groundbreaking move by the government of Botswana And the main idea was to promote and liberalise economy and to fuel growth. It was a recognition that while the diamond mining business was generating handsome revenues for the government the broader economy was not, at the same time, creating enough jobs for the people. This was mainly due to the fact that mining is, on the whole, capital intensive. In other words, it is a business where you put in a lot of money, on machinery, as opposed to, manual labour.
There's more to this story
But to keep reading, we need you to subscribe.
Investigative journalism is an indispensable part of a healthy society, but it's also expensive to produce. We are reliant on subscriptions to fund our work, and while you can enjoy most of our stories for free, a small number of premium features are reserved for subscribers.
You can subscribe for one week, a month or a full year - the choice is yours.
Save 77% on an annual subscription. Click here to find out how.
Existing subscribers can log in to keep reading here.
