Botswana President, Ian Khama, has unveiled an economic package whose objective is to stimulate the economy for accelerated employment creation and economic diversification.
A statement from the Government of Botswana states that the package targets tourism development, agricultural production, construction of buildings and roads as well as manufacturing.
The statement further adds that the package will see the country drawing from the foreign reserves to stimulate the economy. Khama pointed out that his government not tapping into foreign reserves will cause the economy would stagnate.
“In this respect key elements of the package include: fast tracking land servicing, with 37,000 plots to be catered for in the coming year, construction of 4,480 new housing units by the Botswana Housing Corporation (BHC) and construction of an additional 1,664 teachers quarters and 534 nurses quarters,” reads the statement.
The statement adds that there will also be construction of 144 classrooms and 92 laboratories as well as new roads, including the construction of bypasses in major towns as well as upgrading of 92 health posts into clinics across the country.