Botswana’s next chapter will not be written by diamonds. That was the message Vice President and Finance Minister Ndaba Gaolathe delivered at Chatham House, where he argued that the country’s greatest challenge is no longer managing mineral wealth but building an economy capable of creating value long after the diamond era has passed.
Gaolathe described a country standing at a historical turning point. The development model that lifted Botswana from one of the world’s poorest nations to an upper-middle-income economy, he said, has reached the limits of what it can achieve on its own.
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