Skip to content

Today, the diamond market has weakened, global demand has dropped, prices have fallen, and Botswana is earning far less from diamond sales. “When the pula remains overvalued or stronger than it should be, the Bank of Botswana had to dip into the foreign reserves, selling dollars and euros to buy pula and stop its value from falling too quickly.

— Ndaba Gaolathe

Another quote →

More quotes by Ndaba Gaolathe

We believe that this country has the potential to be producing 8,000 megawatts of power for export.

These gains could never be secured from behind a desk in Gaborone.

Every pula spent must deliver measurable public value.

Botswana’s reliance on diamond revenues has been both a strength and a vulnerability.

Rather there is pressure to increase corporate tax.

All Ndaba Gaolathe quotes →

Attribution

Quote text and notes from Wikiquote: Ndaba Gaolathe (page history), available under CC BY-SA 4.0. Source quality and labels are our own summary of what Wikiquote records.