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GABORONE, Botswana Faced with declining demand for its diamonds, Botswana, Africa’s top producer of the gems, is recording modest success in its attempts to diversify the economy and reduce reliance on the minerals.
Demand for the gems has been reducing over the years, a situation that has worsened during the COVID-19 pandemic which also severely affected the tourism sector, the country’s second-biggest revenue earner.
The latest figures from Statistics Botswana for January indicate that Botswana’s total export value rose by 43.7 percent approximately $239,800 from $548,890 recorded for December 2020 to $788,690 during the month under review.
Exports from non-diamonds mainly machinery and electrical equipment, salt and soda, gold, and other goods reached $42,589.
Botswana Searches For ‘New Diamonds’ To Diversify Economy
Botswana Searches For ‘New Diamonds’ To Diversify Economy
Comments Off on Botswana Searches For ‘New Diamonds’ To Diversify Economy
GABORONE, Botswana Faced with declining demand for its diamonds, Botswana, Africa’s top producer of the gems, is recording modest success in its attempts to diversify the economy and reduce reliance on the minerals.
Demand for the gems has been reducing over the years, a situation that has worsened during the COVID-19 pandemic which also severely affected the tourism sector, the country’s second-biggest revenue earner.
The latest figures from Statistics Botswana for January indicate that Botswana’s total export value rose by 43.7 percent approximately $239,800 from $548,890 recorded for December 2020 to $788,690 during the month under review.