Friday, January 23, 2015

Debswana.

   In my recent blogs, I've posted about the landlocked country of Botswana. This country is known to be the top ranked prosperous country of the continent. A major reason why it's made such progress in recent years is because of its large diamond mines. Ever since the discovery of the supply of diamonds, its forever changed the country of Botswana.
   Botswana as of 2015 is progressing a lot faster than most of the countries on the continent. They have been moving up the ranks of a certain number of catgories. One in particular is education. They have spent a good amount of money on the education system they have set up. If it weren't for the abundant diamond mines, they wouldn't have the chance to improve the schools and environment for the students. 
   In 1969 the government of Botswana signed a "50/50" deal with the global diamond company De Beers. They've signed this deal so the company can explore and mine all of the countries mines'. This partnership, later called Debswana, helped make Botswana into what it is today. Although Botswana mines these riches as an owner, they also get a share of the profits rather than just bring in money by collecting taxes and royalties. 
   In conclusion, Botswana was built upon a foundation of a unique material that would later on help them to become the most prosperous African country of the 2010's. That unique material is diamonds. Since the discovery of the diamond supply they've increased the GDP and help improve the education for students.

3 comments:

  1. I like that Botswana spends most of their money on education. Education is the most important thing to not only the youth but to everyone. Once everyone gets the right education they can get the right jobs. Botswana's employment rate does not seem to be a problem and that's probably because of the education they provide. Hopefully other countries in Africa sees how successful Botswana is and uses it as a role model.

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  2. Education is by far the most important aspect and everyone needs it. Without it, it's very unlikely to get anywhere in life. With the right education people can get all sorts of jobs. Botswana has great education and because of that the unemployment rate doesn't seem to be a problem. This really comes to show that education really is the big issue here and in order to fix it, we have to focus on fixing the education first.

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  3. Education is very important to this young people. Receiving an education will really benefit them in the end. Take America for example , majority of us have received or will be receiving an education at some point and our umemployment rate is not nearly as low as Africa.

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