NAME OF THE RESEACHER;
NAME OF SCHOOL;
NAME OF DEPARTMENT
THE TITLE RESEARCH
NAME OF SUPERVISOR
YEAROF RESEARCH
TABLE OF CONTENTS
Introduction
Aims
1. Economic Diversification and
Growth
Aim: To shift from a largely subsistence
agriculture-based economy to a modern,
export-driven economy.
At independence, Botswana was one of
the poorest countries in the world.
The discovery and development of
diamond mines (especially by
Debswana, a joint venture between the
Botswana government and De Beers)
became a critical source of foreign
exchange, GDP growth, and state
revenue.
Mining was seen as a way to transform
the country’s economic standing on the
global stage
2. Revenue Generation for National
Development
Aim: To fund infrastructure, health, and
education through mining revenues.
Botswana's government adopted a
conservative fiscal policy — saving
mining revenues and investing in
public goods.
Mining proceeds were channeled into
building roads, schools, hospitals, and
water systems.
This created a foundation for long-term
development and poverty reduction.
3. National Ownership and Control
Aim: To assert sovereignty and control
over natural resources.
Botswana negotiated favorable terms
with multinational companies (notably
with De Beers), ensuring that the state
had a significant share in profits and
decision-making.
This approach contrasted with other
post-colonial African states where
foreign companies dominated
extractive industries with limited state
oversight.
The goal was to avoid resource
exploitation without national benefit.