{"id":39378,"date":"2023-11-26T07:52:53","date_gmt":"2023-11-26T07:52:53","guid":{"rendered":"https:\/\/www.africa-press.net\/botswana\/all-news\/botswana-has-failed-diversify-acet"},"modified":"2023-11-26T08:25:07","modified_gmt":"2023-11-26T08:25:07","slug":"botswana-has-failed-diversify-acet","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/botswana\/all-news\/botswana-has-failed-diversify-acet","title":{"rendered":"Botswana has failed diversify \u2013 ACET"},"content":{"rendered":"

Africa-Press – Botswana. <\/strong><\/span>Botswana has become significantly less diversified since the year 2000, and has had its diversification score drop 7 points since 2010. This was revealed in a report prepared by the African Center for Economic Transformation (ACET) titled: African Transformation Index 2023 Tracking Africa\u2019s economic successes and setbacks.<\/b><\/p>\n

According to the Index, which assesses 30 countries\u2019 progress along five crucial dimensions\u2014diversification, export competitiveness, productivity increases, technology upgrading, and human well-being\u2014Botswana has been doing worse and worse in the diversification category.<\/p>\n

The report notes that Botswana, just as other African economies \u201crely on the exports of a small number of primary products\u201d. According to the Index, the level of a country\u2019s diversity score is especially related to its ability to resist and endure commodity price drops. \u201cAcquiring the capability to produce a widening array of goods and services is essential for economic transformation. However, today most African economies are confined to a narrow range of commodity production,\u201d states the Index.<\/p>\n

Out of 30 countries evaluated in the diversification category, Botswana ranked 24th with a score of 24.0. In comparison to Botswana, the following other nations performed worse: Algeria 8.2, Niger 11.6, Gabon 12.6, Nigeria 16.4, and the Republic of Congo 19.1. Overall, Botswana scored 34.3 on the overall score, with 0 being the (least transformed) while 100 is the (most transformed). Furthermore, Botswana recorded an increase of +6.6 points since 2000 on all dimensions.<\/p>\n

Botswana\u2019s economy is overly dependent on the diamond industry. Despite the country spending a lot of money trying to diversify its economy over the years, its efforts have not been successful.<\/p>\n

Among other things, the Index notes that exporting more products can help Africa cope with shocks, compete better, and change the structure of its economy. \u201cIn contrast with early transformers, Africa has also failed to grow its manufacturing sector, which can create jobs, boost productivity, and foster innovation,\u201d states the Index.<\/p>\n

On the pathways that countries can take to improve diversification, the Index states that there is need to reorient \u201cproduction and export structures and strengthening technological and industrial capabilities towards higher value-added products,\u201d adding that these \u201chave been successful pathways to diversified economies for early transformers in Asia.\u201d<\/p>\n

Unlike in his 2022 State of the Nation Address (SONA), where he uttered the phrase diversification six times, President Dr. Mokgweetsi Masisi mentioned it only once this year. \u201cMister Speaker, as part of a deliberate and intentional economic diversification strategy, Botswana is on an over-drive mode to establish herself as the destination of choice for hosting Meetings, Incentives, Conferencing and Exhibitions (MICE),\u201d said the president in his 2023 SONA.<\/p>\n

Among other things, the Index states that Botswana was among the three most improved countries (2000-2020) in terms of productivity increases. \u201cMauritius, Botswana, and Nigeria have increased their productivity in the agriculture, industry, and services sectors,\u201d states the ACET Index.<\/p>\n

African Center for Economic Transformation (ACET) is a pan-African economic policy institute supporting Africa\u2019s long-term growth through transformation. They also produce research, offer policy advice, and convene key stakeholders so that African countries are better positioned for smart, inclusive, and sustainable development.<\/p>\n

sundaystandard<\/b><\/p>\n

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

Africa-Press – Botswana. Botswana has become significantly less diversified since the year 2000, and has had its diversification score drop 7 points since 2010. This was revealed in a report prepared by the African Center for Economic Transformation (ACET) titled: African Transformation Index 2023 Tracking Africa\u2019s economic successes and setbacks. According to the Index, which […]<\/p>\n","protected":false},"author":84,"featured_media":39377,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,6],"tags":[233,237,234],"class_list":["post-39378","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-files","tag-africa-press","tag-africa-press-botswana","tag-botswana"],"yoast_head":"\nBotswana has failed diversify \u2013 ACET - Botswana<\/title>\n<meta name=\"description\" content=\"Botswana has become significantly less diversified since the year 2000, and has had its diversification score drop 7 ...\" \/>\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-failed-diversify-acet\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Botswana has failed diversify \u2013 ACET\" \/>\n<meta property=\"og:description\" content=\"Botswana has become significantly less diversified since the year 2000, and has had its diversification score drop 7 ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/botswana\/all-news\/botswana-has-failed-diversify-acet\" \/>\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=\"2023-11-26T07:52:53+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-11-26T08:25:07+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/botswana\/sites\/38\/2023\/11\/sm_1700974323.295351.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\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=\"3 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-failed-diversify-acet#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/botswana-has-failed-diversify-acet\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/botswana\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Botswana has failed diversify \u2013 ACET\",\"datePublished\":\"2023-11-26T07:52:53+00:00\",\"dateModified\":\"2023-11-26T08:25:07+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/botswana-has-failed-diversify-acet\"},\"wordCount\":518,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/botswana-has-failed-diversify-acet#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/botswana\/sites\/38\/2023\/11\/sm_1700974323.295351.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Botswana\",\"Botswana\"],\"articleSection\":[\"all news\",\"files\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/botswana\/all-news\/botswana-has-failed-diversify-acet#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/botswana-has-failed-diversify-acet\",\"url\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/botswana-has-failed-diversify-acet\",\"name\":\"Botswana has failed diversify \u2013 ACET - 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