Botswana: Country Moving Away From Rent Economy

Botswana is on the right track towards moving from a rent economy to one whose growth is based on competitiveness on the global market, a leading African intellectual has said.

Speaking in an interview with Business Week at the University of Botswana where he gave a public lecture on Tuesday, Microsoft's Chairman for African Operations Dr Cheick Diarra said the formation of the Innovation Hub and the establishment of the Diamond Trading Company Botswana was a step in the right direction if Botswana was to move out of the current trap of exporting unprocessed commodities.

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