The private sector in Botswana, like many countries has experienced the full impact of the COVID-19 crisis. UNDP,supported Business Botswana, to develop its Recovery Plan in consultation with World Bank, ILO and FAO. The Chief Executive Officer, Norman Moleele announced at a media briefing addressed by both Business Botswana and UNDP that the post COVID-19 Recovery Plan for the Private Sector is informed by the principle of “building back better, with the private sector acting as its own driving force”
“We need to see a resilient private sector which is better guarded against future shocks. Accordingly, this plan foresees a number of transformations in the private sector to help us achieve that goal,” said Moleele. He elaborated that the plan sought to have a more inclusive private sector, with particular emphasis on the participation of youth and women; an economy with technology , in particular digital technologies , as its backbone, as part of the fourth industrial revolution; a diversified economy , with strengthening local value and supply chains; a greener economy, capitalising on opportunities to recycle and to utilise renewable energy and finally a commercially independent agriculture sector capable of self-reliance. He emphasized that these guiding principles and transformations have shaped the recovery plan and are expected to put Botswana on the path to a high-performance economy.