EXPERTS WARN HIGHLIGHTS RISKS OF OVER-RELIANCE ON TAXATION FOR ECONOMIC GROWTH.

Article By: Gilbert Manenye

Botswana's economy has long been supported by diamond exports, which have contributed significantly to the nation's GDP. However, with global demand for diamonds stagnating and synthetic alternatives gaining traction, the country faces growing pressure to find new drivers for economic growth.

This is according to Kgalagadi Breweries KBL Managing director Carlos Bernitt.

In an exclusive interview with Gabz FM News, expressed concern over the government's strategy of relying on taxation to fill the gap left by declining diamond revenues.

According to Bernitt, long-term economic resilience depends on diversifying the economy, investing in infrastructure, and developing human capital, rather than increasing dependence on taxation.