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Article: Leaner means fitter. (Botswana's economic policy)(Botswana: The New Era Begins)
- Article from:
- African Business
- Article date:
- September 1, 1995
- Author:
CopyrightCOPYRIGHT 1995 IC Publications Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Botswana's planners appear to have learnt harsh but invaluable lessons from the slump of 1992. Although the country has now recovered from the downturn, there is no room for complacency. Anver Versi reviews the efforts being made to begin a new era of development, one based on efficiency and productivity rather than dependence on mineral wealth.
Mr Quill Hermans, the Governor of the Bank of Botswana is not given to mincing his words. During the annual general meeting of the Botswana Confederation of Commerce, Industry and Manpower (BOCCIM) in June, he told a rapt audience: "We are running out of time. Feelings of deep disillusionment, frustration, disempowerment ...