Gov`t eyes alternative export markets

source: Mmegi
Staff Writer

Government plans to strategically diversify its export markets going forward, to buffer the country from the consequences seen last year of overly depending on a few destinations, it has been learnt.

Senior officials said one of the tough lessons learnt from the recession was that the country could not afford to “keep its eggs in one basket,” as far as exports were concerned. The economies of the US, Europe and Japan, which collectively consume 75 percent of Botswana’s diamonds, were all blighted by the recession last year, contributing to an estimated 57 percent drop in diamond revenues between 2008 and 2009.

Government now expects to [continue reading]

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