Hello Reader
Welcome to the last edition of 2024. The last time we connected through this publication, it was on the eve of the October 30th general election, reflecting on some of the landmark projects undertaken by the previous administration.
Since then, Botswana has entered a new chapter, with the elections ushering in a new government. This change marks not only a fresh mandate but also new ways of addressing challenges and pursuing opportunities. The new administration appears ambitious and determined to drive transformative change. With a clear mandate, the leadership has hit the ground running, focusing on innovative projects aimed at reshaping Botswana’s economic landscape.
At the heart of their strategy is the creation of mega enterprises that promise to generate substantial government revenue and create much-needed employment opportunities. President Duma Boko, the first President born after Botswana’s independence, faces an array of challenges as he embarks on his presidency.
Victory brings with it the significant responsibilities of governance, and he is tasked with fulfilling an extensive list of promises— many of which require significant financial investment.
The country’s fiscal position, however, remains under strain due to a decline in government revenue, particularly from the diamond industry. To address these challenges, Vice President Ndaba Gaolathe has been entrusted with the responsibility of funding the President’s ambitious agenda.
Of particular focus is the development of Botswana’s power generation capacity, with plans to export electricity to neighbouring countries such as South Africa. This will require substantial investments in solar and traditional power stations, promising not only to create thousands of jobs but also to position power generation as a potentially greater contributor to Botswana’s revenue than the diamond industry.
With the power deal in sight, Botswana is also trying to normalise relationship that was strained by the past government due to a number of things, including the conflict between former presidents; Ian Khama and Mokgweetsi Masisi.
The conflict had gone beyond the border and it was certainly affecting the relationship between two countries both politically and diplomatically. President Boko has also taken steps to normalise relations with De Beers following a period of turbulence during the previous administration. W
hile the diamond sector is expected to recover, there is widespread recognition that Botswana’s future lies in diversifying its economy beyond diamonds to other key sectors.
This edition captures the dynamic developments shaping Botswana’s trajectory. Among the highlights is The Projects Magazine’s recent Mining Industry Dialogue, held on 11th December 2024, where we hosted Vice President Ndaba Gaolathe and Minister of Minerals and Energy, Bogolo Joy Kenewendo.
During this event, we presented the Post-Event Report for the Future of Mining Summit and unveiled the date and theme for next year’s summit.
As we close out 2024, an eventful and transformative year for Botswana, we extend our gratitude to our readers and partners. We look forward to bringing you more insightful coverage in 2025. Until then, have a wonderful holiday season and see you in the new year!
