{"id":14299,"date":"2024-11-20T01:03:17","date_gmt":"2024-11-20T01:03:17","guid":{"rendered":"https:\/\/africadailyreport.com\/2024\/11\/20\/new-botswana-leader-eyes-cannabis-sunshine-to-lift-economy\/"},"modified":"2024-11-20T01:03:17","modified_gmt":"2024-11-20T01:03:17","slug":"new-botswana-leader-eyes-cannabis-sunshine-to-lift-economy","status":"publish","type":"post","link":"https:\/\/africadailyreport.com\/fr\/2024\/11\/20\/new-botswana-leader-eyes-cannabis-sunshine-to-lift-economy\/","title":{"rendered":"New Botswana leader eyes cannabis, sunshine to lift economy"},"content":{"rendered":"\n

Gaborone,\u00a0Botswana (AFP) <\/em>– Botswana will diversify its diamond-dependent economy by launching into the medicinal cannabis market and exploiting its abundant sunshine, President Duma Boko said Tuesday, in his first state of the nation address.<\/h2>\n\n\n\n
\"\"
Botswana’s newly-elected President Duma Boko gestures as he addresses the media after delivering his acceptance speech at the Mass Media Complex in Gaborone on November 1, 2024. – Botswana’s new president Duma Boko took office on November 1, 2024 in a whirlwind transfer of power following elections that saw a historic defeat handed to the party that had governed the diamond-rich country for nearly 60 years. (Photo by Monirul Bhuiyan \/ AFP)<\/figcaption><\/figure>\n\n\n\n

Boko swept to power in elections three weeks ago that ejected the party that had ruled for nearly six decades on concerns about a slump in the economy.<\/p>\n\n\n\n

Diamonds make up about 80 percent of the southern African country’s foreign earnings.<\/p>\n\n\n\n

\u00ab\u00a0The decline in diamond revenues by over 60 percent in recent years is a clear signal that we can no longer afford to depend on a single commodity,\u00a0\u00bb Boko said.<\/p>\n\n\n\n

His government aims to attract investors to high-potential sectors such as renewable energy, agriculture, tourism and technology.<\/p>\n\n\n\n

\u00ab\u00a0Botswana receives more than 3,200 hours of sunlight annually and averages 21 megajoules per square metre which is among the highest in the world,\u00a0\u00bb Boko said.<\/p>\n\n\n\n

\u00ab\u00a0The potential of solar energy is abundant.\u00a0\u00bb<\/p>\n\n\n\n

The arid country will also begin cultivating medicinal cannabis and industrial hemp to plug into the growing international market.<\/p>\n\n\n\n

\u00ab\u00a0Our forecast in Botswana is to significantly increase our GDP with cannabis and hemp-related products,\u00a0\u00bb said Boko.<\/p>\n\n\n\n

\u00ab\u00a0We will create jobs in this industry.\u00a0\u00bb<\/p>\n\n\n\n

A major gripe against the previous government under the Botswana Democratic Party (BDP), which led the country to independence from Britain in 1966, was a 27-percent unemployment rate, rising to 38 percent for young people.<\/p>\n\n\n\n

Boko said other plans for job creation lay in boosting manufacturing and construction, as well as encouraging youth entrepreneurship and innovation.<\/p>\n\n\n\n

Botswana has engaged US billionaire Elon Musk’s satellite internet provider Starlink to extend affordable internet connectivity to the entire country, Boko said.<\/p>\n\n\n\n

Starlink has plans to invest in infrastructure that will help transform Botswana into a digital hub for the entire region, he added.<\/p>\n\n\n\n

Home to around 2.7 million people, Botswana won praise for a smooth change of government when the BDP was quick to concede defeat after winning just four seats in parliament on October 30, compared to 36 for Boko’s Umbrella for Democratic Change.<\/p>\n\n\n\n

<\/p>\n\n\n\n

\u00a9 2024 AFP<\/p>\n","protected":false},"excerpt":{"rendered":"

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