Diamonds Have Transformed Botswana For the Better
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- เผยแพร่เมื่อ 27 มิ.ย. 2016
- Diamonds are Forever (2009): Botswana's reliance on the diamond trade has brought about stability and prosperity - but can it last?
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For many African countries the discovery of diamonds has turned into a curse, with blood or conflict diamonds fuelling exploitation, subversion and division. But in Botswana, it 's a different story.
The diamond has transformed Botswana from one of the poorest countries in the world, to one of the most prosperous and stable countries in Africa. An inspiring initiative has seen Botswana 's vast diamond reserves, worth about three billion US dollars a year, being used to share wealth throughout the nation. Trade Consultant Ntetleng Masisi says they used diamonds to bring about health facilities, education and a markedly improved quality of life. "The earnings from our exports of diamonds have really done a lot for us. " But Botswana 's reliance on diamond revenue means that the whole of the country 's future is now in the hands of the diamond dealers .
SBS Australia - Ref. 4519
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I Visited Gabrone Botswana, and i was amazed that this was africa, beautiful country, clean streets, doesnt get any better
I haven't been there, but hope to someday. I'm excited for their future. They know that diamonds won't last forever as an economic source, so they're working hard to transform into a knowledge based economy.
You can see it in Google street, indeed it seems a idyllic version of Africa where it maintains the identity with few of his problems.
A key fact was the personality of the population before and after the independence and the leader that they had. This opened a path that was closed for other African countries that were more damaged by colonization and corruption.
It also helped that Botswana's new leaders didn't go the socialist route to the same degree as other African leaders after gaining independence. You need a good amount of capitalism for development.
no they went the rothschildt route
installing centralised bank is 90 procent of communism
lenin
But but but revolutionary is sexy😂
CrowdPleeza That's true.
@@soengv85
What do you mean?
Love Botswana. From Pakistan.
Please stay in Pakistan we don’t need to over populate this country plus it’s peaceful we don’t need Islam please
South Africa can learn a lot from the Botswana culture and country as whole, wow I like this country the mine profit goes to development of the country.
Population of Botswana was heavily educated from 60s and beyond when in SA they were treated as animals. SA simply got the dysfunctional society that the whites created. Botswana was in control of his own destiny.
@@karlpj1 Botswana had 10 university graduates and 100 high school graduates at independence after the discovery of diamonds a large chunk of the national budget has always been allocated to education and health which are all for free.
@@mompatimodukanele353 How easy is to emigrate from SA or Soweto to Botswana?
@@karlpj1 if u are south African it's easy.
@@karlpj1
Tourism needs a passport only due to SADC rules, check the high commission office website or physical office in Pretoria for more.
To become a permanent resident for work or life is not something I have knowledge of.
How can Botswana develop greater water resources? The cities can grow when there is adequate water. A nation can have an economy without diamonds but it can't develop technologically sophisticated cities without water.
Thank you Seretse Khama and Ruth Khama! The world is blessing you!
Nice, short documentary. Even though it’s over 10 years old, I learned allot.
How did this country avoid the US, French, British and Chinese radar for so long?
Lol so true, it's a good thing though.
Because Botswana is off of the coast that's why
@@Kelvin_smith28
It's actually annoying to not have access to the ocean sometimes because we are almost entirely reliant on South Africa for trade due to our economic structure but I guess the grass is always greener over there.
They did DeBeers are there and they are taking 50% of their diamond. Just because they build a few nice building with the other 50% it doesn't mean that they are not there.
@@alexnguyen2148 U should talk about things u know. Where do u get the 50-50 deal or u are talking about when the partnership begun?
Thanks for info!
BEST 1
Fantastic. .
Botswana, keep some diamonds and open a museum, charge tourists admission fees!
The best developed countries are countries with highly educated people. Natural resources are not a guarantee for development, many african countries can be very developed, but despite the natural resources, fertile soil, they are still underdeveloped/ uneducated
Peter-john De Jong And if only all of Africa was like Botswana. Boy that would be a dream come true.
Unlike the many of african countries you are talking about, Botswana didn't suffer from white people intervention trauma. They had good leadership like Sechele I to defeat the attacking white boers and later on they had good leadership like Khama III
, Sebele I and Bathoen I, the Three Dikgosi, who secured the positions of a protectorate instead of a colony under the Union of South Africa or Southern Rhodesia, bitterly due to the terrible treatment of Blacks in both countries. The success of Botswana is entirely due to its good leadership to defend its itself from white intervention, which paved way for them to build the countries foundation on other than subjugation of the people. During its independence it was one of the poorest countries in the world, with only 22 university graduates and 100 secondary school graduates. Their minerals was unlike other african countries discovered after its independence, which paved way for them being one of the few african countries with nationalized minerals.
Africa is not underdeveloped you're statement is false
th-cam.com/video/7FXrPhfECqQ/w-d-xo.html
Addis Ababa eith... th-cam.com/video/YkwFxQX3mkc/w-d-xo.html
Narobi Kenya th-cam.com/video/Rjol7VN6TCs/w-d-xo.html
Accra Ghana > th-cam.com/video/Mod-_s9LsaY/w-d-xo.html
th-cam.com/video/ZKyad1yzh2o/w-d-xo.html < Kigali Rwanda
Ethiopia’s location gives it strategic dominance as a jumping off point in the Horn of Africa, close to the Middle East and its markets. Landlocked, it borders Eritrea, Somalia, Kenya, South Sudan, and Sudan-its tiny neighbor, Djibouti, is also its main port. Ethiopia’s huge population of about 102 million (2016) makes it the second most populous nation in Africa, after Nigeria. Although it is the fastest growing economy in the region, it is also one of the poorest, with a per capita income of $783. Ethiopia’s government aims to reach lower-middle-income status by 2025.
Ethiopia’s economy experienced strong, broad-based growth averaging 10.3% a year from 2005/06 to 2015/16, compared to a regional average of 5.4%. According to official statistics, Ethiopia’s gross domestic product (GDP) is estimated to have rebounded to 10.9% in FY2017. The expansion of agriculture, construction and services accounted for most of this, with modest manufacturing growth. Private consumption and public investment explain demand-side growth, the latter assuming an increasingly important role.
Higher economic growth brought with it positive trends in poverty reduction in both urban and rural areas. In 2000, 55.3% of Ethiopians lived in extreme poverty; by 2011 this figure was 33.5%. The economic growth rate recently declined to about 8%. The government is implementing the 2nd phase of its Growth and Transformation Plan (GTP II). GTP II, which will run to 2019/20, aims to continue work on physical infrastructure through public investment projects, and to transform Ethiopia into a manufacturing hub. Growth targets are an annual average GDP growth of 11%; in line with manufacturing strategy, it also hopes the industrial sector will grow by an average of 20%, creating jobs.
th-cam.com/video/m-pZTI9UWPg/w-d-xo.html < cities built by Africans part 1
th-cam.com/video/AmcWj_uCPfY/w-d-xo.html
cities built by Africans part 2
Kenya has made significant political, structural and economic reforms that have largely driven sustained economic growth, social development and political gains over the past decade. However, its key development challenges still include poverty, inequality, climate change and the vulnerability of the economy to internal and external shocks.
Kenya’s recent political reform stemmed from the passage of a new constitution in 2010 that introduced a bicameral legislative house, devolved county government, a constitutionally tenured Judiciary and electoral body. The first election was in 2013. The August 8, 2017 presidential elections were nullified on September 1, 2017 by the Supreme Court, and a new presidential election is scheduled for October 17, 2017.
Devolution remains the biggest gain from the August 2010 constitution, which ushered in a new political and economic governance system. It is transformative and has strengthened accountability and public service delivery at local levels.
While economic activity faltered following the 2008 global economic recession, growth resumed in the last three years reaching 5.8% in 2016 placing Kenya as one of the fastest growing economies in Sub-Saharan Africa. The economic expansion has been boosted by a stable macroeconomic environment, low oil prices, rebound in tourism, strong remittance inflows and a government led infrastructure development initiative.
Looking ahead, near-term GDP growth is expected to decelerate to 5.5% in 2017 because of ongoing drought, weak credit growth, security concerns and the pick-up in oil prices. Medium-term GDP growth should rebound to 5.8% in 2018 and 6.1% in 2019 respectively dependent on completion of ongoing infrastructure projects, resolution of slow credit growth, strengthening of the global economy and tourism.
In the long-term, adoption of prudent macroeconomic policies will help safeguard Kenya’s robust economic performance. This includes implementation of fiscal and monetary prudence and lowering deficit down to 4.3% by FY19/20 as per the Medium Term Fiscal Framework. The fiscal consolidation needs to avoid compromising public investments in critical infrastructure key to unlocking the economy’s productive capacity.
In addition to aligning fostering economic development through the country’s development agenda to the long-term development plan; Vision 2030, the President in December outlined the “Big Four” development priority areas for his final term as President. The Big Four will prioritize manufacturing, universal healthcare, affordable housing and food security. Social Development
www.worldbank.org/en/country/kenya/overview
Ghana sits on the Atlantic Ocean and borders Togo, Cote d'Ivoire, and Burkina Faso. It has a population of about 29.6 million (2018). In the past two decades, it has taken major strides toward democracy under a multi-party system, with its independent judiciary winning public trust. Ghana consistently ranks in the top three countries in Africa for freedom of speech and press freedom, with strong broadcast media in particular, and radio the medium with the greatest reach. Factors such as these provide Ghana with solid social capital.
A year after being elected President in a peaceful election, President Akufo-Addo has had some challenges. fulfilling his election pledges-including setting up a factory in each of the nation’s 216 districts, one dam for every village and providing free high school education. Though the government has started implementing some of its promises, such as planting for food and for jobs, and the free secondary education. The authorities need to pay attention to proper fine tuning and funding in the years ahead.
Recent Economic Developments
Ghana’s economic performance improved significantly in 2017 after a difficult 2016. The fiscal deficit dropped to 6% of gross domestic product (GDP) in 2017 from 9.3% in 2016, underpinned by serious fiscal consolidation efforts. Despite that total revenue (including grants) underperformed by 1.1% of GDP, the fiscal turnaround was achieved primarily through expenditure cuts (1.3% of GDP), which were imposed on recurrent and capital expenditures. The government also capped transfers to Earmarked Funds at 25% of tax revenues. The primary balance improved from a deficit in 2016 to a surplus of 0.8% of GDP in 2017. The debt to GDP ratio is estimated at 69.2% in December 2017 down from 73.4% in 2016 reflecting a slowdown in the rate of external debt accumulation, as well as higher GDP growth. Domestic revenue mobilization is a key priority for the government, and the World Bank supports these efforts through technical assistance to the Ghana Revenue Authority.
According to the Ghana Statistical Service latest numbers released in April 2018, Ghana’s economy is estimated to have expanded by 8.5% in 2017 from 3.6% a year ago driven by the mining and oil sectors. Oil production rose strongly because the Offshore Turret Remediation Project was deferred from 2017 to 2018. In addition to this one-off effect, gold output remained high, and while cocoa production levels remained stable. Still, non-oil growth declined to 4.8% from 5.1% in 2016 as growth in the services sector decelerated in 2017.
www.worldbank.org/en/country/ghana/overview
www.worldbank.org/en/country/botswana/overview
Overview
CONTEXT
STRATEGY
RESULTS
PARTNERS
Botswana is located at the center of southern Africa, positioned between South Africa, Namibia, Angola, Zambia, and Zimbabwe. One of the world’s poorest countries at independence in 1966, it rapidly became one of the world’s development success stories. Significant mineral (diamond) wealth, good governance, prudent economic management and a relatively small population of more than two million, have made it an upper middle-income country. The World Bank’s engagement is focused on helping it consolidate its progress while addressing a range of persistent and emerging challenges.
Political Context
Botswana has a stable political environment with a multi-party democratic tradition. General elections are held every five years. The ruling Botswana Democratic Party (BDP) has been in power since 1966. With the end of his second five-year term, President Ian Khama stepped down and, as per convention, the Vice-President (Mokgweetsi Eric Masisi) assumed the Presidency on April 1 and will stand for the Presidency in the next general elections.
Economic Overview
Since gaining independence from Britain, Botswana has been one of the world’s fastest growing economies, averaging 5% per annum over the past decade. Its reliance on commodities renders it vulnerable to international market fluctuations. Economic activity is expected to intensify to 4.5% in 2017, up to 4.8% by 2019. Economic growth will be driven by the mining activity, construction, services sector and intensified public investments.
The National Budget for 2018/19 was passed. Presented to Parliament on February 5, 2018, the new budget puts total expenditure and net lending at P67.87 billion (33.4% of gross domestic product (GDP)), an increase of P8.3 billion (1.3%) compared to the previous fiscal year. The (capital) budget is P19.31 billion, up by P2.4 billion (16.6%) over the previous fiscal year. A budget deficit of P3.59 billion (1.8% of GDP) is expected despite the positive domestic economic outlook.
Ah my birth place
Just to have somebody look at your diamond 😢 it’s not worth it
we test diamonds any where
How did America not inject their good ol' freedom and democracy here?
They needed not to! Botswana has been a multi party democracy, with a dose of traditional democracy, right from independence. You might be wondering why I say a "dose of traditional democracy"- traditionally Batswana practiced the kgotla system, where consultation on any issue was engaged by the leadership and the ordinary people. Much as respect was shown the leadership, at the kgotla people spoke their mind without fear of victimization. So as a result democracy from a western point of view didn't seem that alien to Batswana.
@@lapengpropertyagentslapeng1439 Had nothing to do with democracy, if a country has something in the interest of the west democracy won't matter. Its just an hypocritical excuse that didn't matter when Congos first democratically elected Prime Minister, Patrice Lumumba, came in power. If democracy really mattered NATO would have overthrown Joseph Kabila a long time ago... But he works in the interest of foreigners, so no.
@Molly Wop
Here is the kicker.
Few years before independence, the greatest fraught and our famine in recent times hit Botswana, which greatly affected colonial and investment morale in the second poorest land in the world at the time. Infrastructure was nonexistent whatsoever. A diamond is found and reported to colonial office leading to a hunt by British and other prospectors but nothing was found anywhere this considered a fluke.
Bechuanaland asks for independence and Britain is hesitant as there was no way the country would survive, the capital city was not even part of the country, being part of neighboring South Africa, and the only tarred road stretched less than 10 miles at 12km.
One year after independence, the then world's most valuable mine was discovered followed by the currently world's most valuable mine a few years later.
The first president upon the brink of the mines discovery laid down an agreement with all tribal leaders to secede all claims to natural resources to the national government for national development followed by one of the world's oldest public private partnerships of Botswana government and de beers holdings created one of the most important companies in African history solely due to producing the Botswana economy from scratch.
@Molly Wop
Most of my information is from a picture book compilation released for Botswana 50th celebration showing Botswana through the ages. Here are a few links I found online.
Diamond history in Botswana:
www.tsodiloresources.com/s/Diamond.asp?ReportID=609946
Brief Political and Economic history of Botswana:
www.thuto.org/ubh/bw/bhp1.html
www.unrisd.org/80256B3C005BCCF9/(httpAuxPages)/4365C57157F8EF16C1257AEF00525641/$file/Botswana%20Maipose%20web.pdf
Best link I could find:
www.debeersgroup.com/reports/socio-economic-impact/botswana/the-contribution-of-diamonds-to-botswana-development
Because AngloAnerican already owned a large chunk of the Diamond industry through its partnership with Debeers, so a minority shareholding of 15%, by the Botswana government was not worth the fight.
Botswana may have more diamonds than any other country in Africa but all jewelers say that the Diamonds in Sierra Leone have the best clarity. Botswana has legal diamond mining but Sierra Leone has illegal blood diamond mining.
Perhaps, good fortune on Sierra Leone for the future. The reason people praise Botswana's diamond wealth is not just abundance, what with some of the world's most valuable mines, but rather this vast deposit is also mostly composed of gemstone grade diamonds, which is very rare. This means both quantity and quality of incredible amounts in a country that was deemed hopeless.
Stroke or renal failure, stay tuned for part 2 entitled Botswana's medical shortfall.
0:35 Pause!
It's population is two million it can't be to hard in management
El Salvador has 6 millions and is hell. Population in Zimbabwe is 16, no massive.
I think small population helped in the same way that helped Norway as both have massive natural resources with small population. But the merit of Botswana to don't mess it up can't be denied.
I guess, but it is hard to provide service to our citizens equally with how large Botswana is. The leaders have done a good job though.
I intrastate in dimond
Hi
Why can't South Africa follow in their footsteps?
Because the apartheid created a dysfunctional, ignorant and resentful society. Botswana invested a lot in education since early 60 when it was one of the poorest countries in the world. Their streets are a reflection of the high cultural level of his population.
Punto Devasta...I understand apartheid was not a good thing as I was classed as coloured...but how many more years will you keep blaming apartheid? Gosh the ANC gained CONTROL of SA in 1994...during those years the current government has done NOTHING for the people. The country has taken a downward slide since 1994. Everything is available now for individuals to try to make their lives better, but they prefer to steal, kill and rape. Education is now available for everyone to better themselves, but apartheid again is being blamed. Life goes on for everyone. There are those who choose to better themselves, and there are others who prefer to be stuck where they are and blame others for their misfortune. I am sorry, I sympathize with them, but get up and at least try to improve yourself. It's hard for a lot of people I know....but 24 years have gone by now...
@@vfvf9354 I don't disagree with you. I simply stated facts. 25 years means the current generation in power was raised in the apparheit. They are uneducated and brutalized in contrast with Bostwana where the current power is educated and civilized.
Yes, a white government would do a lot better job but they did also a excellent job keeping 90 percent of South Africa s uneducated and brutalized.
Bostwana transitioned from a tribal culture to a modern one without the traumatic experience of SA. They are culturally and ethnically related and shows what could be SA without segregation until 1994.
The damage is already done and will take many years yo heal. And yes I agree current SA power is corrupt and ineffective.
Punto, I am sure we would continue this debate until the cows come home...we all have our own definitions of how things should be. As I said, I am very sorry for a lot of people in SA...but how much longer will the blame continue? That's what I want to know. Life is too short...so I say at least try to make something of your life from now on. My dad did not want to live in a country where apartheid prevented him the freedom he wanted. A lot of people chose to leave SA overnight, as my dad did with 9 children. It was a very hard decision to make, and going to a new country wasn't easy either. There are many who are leaving now ... and everything they have known all their lives because of the current situation. So, no matter how much we try to make our views known, things will not progress for the better in SA under the current government. The politicians have made themselves filthy rich, living in the lap of luxury, while the people are suffering. They are not really for the people, they are only out for themselves. You mean to tell me they don't see what's going on? How blind can you be really? I am not a racial person, never was, and will never be...so don't take what I have said the wrong way.
@@vfvf9354 I would think the same than you in your case. It is not a question of blaming. It is a question that the current SA government is a failure as consequence of the apparheit. And that is a fact not an option. I know personally SA white people and they are cool and innocent, but suffer the consequence of what the generation before did.
Hello buy diamond
Hii
Who are those fucking Debeers family that have been exploiting African diamonds forever....
Diamonds ain’t worth nothing if people that find them can’t sell them😂 it’s not worth it
These diamonds are African diamonds, they belong to Black people, give them back to us!
I guess this is what Venezuela should have done
with these centralised banks and fiat curency you dont really own your home
Botswana is still different in some aspects.
For example, a citizen can plead for land board to get almost free land.
oh there blood i them the blood of the boer wars
What blood 😂😂😂
I have pink diamond, I have flawless diamond I have black diamond I have red diamond ♦️ even gray diamond and can’t sell them at all because it’s a rich thing
I can't feel the energy of the development , looks empty and boring, however if the people are happy, so be it.
Emma CN Way better than South Africa I know that.
Emma CN that is Ur warped view.botswana doesn't export refugees, economic migrants, political exiles etc the way the rest of Africa does.even though I am not a Tswana,I feel so proud that there is a nation such as Botswana on the African continent.
Like switzerland?
@@youtubelover5112 and better than any other Africa country.
Its peacefully they not get shut up in villages by guerillas
Blood diamonds
none more enslaved then those who think they are free
voltaire
U must be bitter.
@@mompatimodukanele353 katswa a kobilwe ke mugabe🤣🤣
This black thiefing guy said the diamond don't belong to the tribes. Seems like Africa doesn't see how these leaders do legal crime.