Pressure mounting on govt to diversify economy-report

source: Mmegi
STAFF WRITER

The formation of a new political party in Botswana is set to mount the pressure on government to speed up the economic diversification process.

The 2010 fourth quarter forecast report compiled by a UK research company, Business Monitor International (BMI) says the diversification of Botswana’s economy is set to become a central political issue in the medium term as the Botswana Democratic Party (BDP) attempts to maintain its dominance in the face of a challenge from the newly formed Botswana Movement For Democracy (BMD).

The report says that although Botswana’s economic recovery has gained momentum in the past few quarters, with first-quarter growth data showing that the revival is firmly underway, statistics indicate that the bounce in growth has been [continue reading]

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