{"id":18146,"date":"2022-12-08T08:56:40","date_gmt":"2022-12-08T08:56:40","guid":{"rendered":"https:\/\/www.africa-press.net\/botswana\/all-news\/botswana-has-advanced-manufacturing-sector"},"modified":"2022-12-08T08:56:40","modified_gmt":"2022-12-08T08:56:40","slug":"botswana-has-advanced-manufacturing-sector","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/botswana\/all-news\/botswana-has-advanced-manufacturing-sector","title":{"rendered":"Botswana has \u2018advanced\u2019 manufacturing sector"},"content":{"rendered":"

Africa-Press – Botswana. <\/strong><\/span>The African Development Bank counts Botswana among a growing number of African countries that have sought to diversify their economies and promote industrial development in recent years.<\/b><\/p>\n

\u201cA small number already have advanced manufacturing sectors, including Algeria, Botswana, Gabon, Mauritius, Namibia and South Africa,\u201d it says in its Africa Industrialisation Index 2022 report.<\/p>\n

The Index\u2019s scores range from 0 (worst) to 1 (best), and countries are ranked from the best to the worst score The 2022 edition shows that 25 of 52 countries stand above the average imputed for the entire continent. Botswana scored 0.5587 while South Africa scored 0.8404. Part of Botswana\u2019s impressive score is a direct result of being neighbours with South Africa. Generally, Southern Africa is dominated by high levels of industrial development in South Africa, which is the top-performing country in this year\u2019s Index. The report says that while this creates an imbalance in the region, leading to high rates of labour migration, it also helps to drive industrial development across the sub-region through trade and integrated production in regional value chains.<\/p>\n

\u201cSouth Africa is the most important trading partner for its regional neighbours. The region also has well developed value chains for equipment and services related to mining, benefitting the mineral-rich countries (Botswana, Zambia, Zimbabwe, and Mozambique). SADC has also been playing an important role in facilitating regional industrialization.\u201d<\/p>\n

The Bank analysis is that Botswana\u2019s industry sector played a crucial role in the high recovery rates of the national economy following Covid-19. At 12.5 percent, Botswana\u2019s recovery rate was the strongest in the SADC region. In its economic outlook for the region, the Bank says that recovery is anticipated to be even stronger for Mauritius, Madagascar, and Botswana, relative to other countries in the region.<\/p>\n

\u201cThe service sector is expected to recover faster than the industrial sector and outperform agriculture. These projections are based on the dominance of non-lethal COVID-19 variants. The conflict in Ukraine is expected to introduce a surge in the inflation rate for non-oil exporting countries, therefore Angola as the only oil-producing country in the region, is set to benefit from rising oil prices,\u201d the Bank says.<\/p>\n

Angola and Botswana are the only countries in the region with a persistent positive current account balance. As regards Botswana, the Bank says that the country has been expanding its international complexity through entering new markets and diversifying its export composition. On the downside, Botswana\u2019s agriculture is expected to suffer because of \u201cmodest downward trends\u201d in rainfall. As Namibia, Botswana\u2019s level of electricity access is \u201cat odds with the per capita income.\u201d Some 70.2 percent of the population has access to electricity.<\/p>\n

For More News And Analysis About Botswana<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Botswana. The African Development Bank counts Botswana among a growing number of African countries that have sought to diversify their economies and promote industrial development in recent years. \u201cA small number already have advanced manufacturing sectors, including Algeria, Botswana, Gabon, Mauritius, Namibia and South Africa,\u201d it says in its Africa Industrialisation Index 2022 […]<\/p>\n","protected":false},"author":84,"featured_media":18145,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,6,7],"tags":[233,237,234],"class_list":["post-18146","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-files","category-head-lines","tag-africa-press","tag-africa-press-botswana","tag-botswana"],"yoast_head":"\nBotswana has \u2018advanced\u2019 manufacturing sector - Botswana<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/botswana\/all-news\/botswana-has-advanced-manufacturing-sector\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Botswana has \u2018advanced\u2019 manufacturing sector\" \/>\n<meta property=\"og:description\" content=\"Africa-Press – Botswana. The African Development Bank counts Botswana among a growing number of African countries that have sought to diversify their economies and promote industrial development in recent years. \u201cA small number already have advanced manufacturing sectors, including Algeria, Botswana, Gabon, Mauritius, Namibia and South Africa,\u201d it says in its Africa Industrialisation Index 2022 […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/botswana\/all-news\/botswana-has-advanced-manufacturing-sector\" \/>\n<meta property=\"og:site_name\" content=\"Botswana\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2022-12-08T08:56:40+00:00\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/botswana-has-advanced-manufacturing-sector#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/botswana-has-advanced-manufacturing-sector\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/botswana\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Botswana has \u2018advanced\u2019 manufacturing sector\",\"datePublished\":\"2022-12-08T08:56:40+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/botswana-has-advanced-manufacturing-sector\"},\"wordCount\":451,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/botswana-has-advanced-manufacturing-sector#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/botswana\/sites\/38\/2022\/12\/postQueueImg_1670477290.39.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Botswana\",\"Botswana\"],\"articleSection\":[\"all news\",\"economy\",\"files\",\"head lines\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/botswana\/all-news\/botswana-has-advanced-manufacturing-sector#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/botswana-has-advanced-manufacturing-sector\",\"url\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/botswana-has-advanced-manufacturing-sector\",\"name\":\"Botswana has \u2018advanced\u2019 manufacturing sector - 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