Botswana’s new government led by the Umbrella for Democratic Change (UDC) will seek to accelerate economic diversification but low levels of tertiary education will impede this effort, a newly released analysis shows. According to a report released this week by Business Monitor International (BMI), this means unemployment will remain high (currently at 34.4% among those aged 15-35). It says between 2021 and 2023, the fall in diamond exports led to an increase in the average annual unemployment rate from 24.7% to 25.9%, while the rate for Sub-Saharan Africa decreased from 18.4% to 16.1% over the same period.
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