Sir Seretse Khama has been acclaimed for his foresight and unique policy choices that significantly contributed to nation-building, exemplified by the Mines and Minerals Act of 1969. This Act mandated that all minerals be considered national wealth, to be used indiscriminately to improve the livelihoods of all citizens.
Vice President Slumber Tsogwane, speaking on behalf of President Dr. Mokgweetsi Masisi during the commemoration of Sir Seretse Khama Day in Gaborone yesterday, highlighted these points. He noted that the Act ensured that all mineral discoveries were transferred to and managed by the state, which was tasked with using the resulting revenue to benefit the entire nation equally.
This was a critical nation-building decision that we are still proud of today. This policy is credited with saving Botswana from the tensions and conflicts often associated with property rights disputes over land with mineral deposits, Tsogwane said.
Tsogwane emphasized that Sir Seretse and his teams wisdom ensured Botswanas minerals became common wealth for all citizens, thus avoiding the pitfalls of a resource-cursed nation. The benefits of this policy framework are evident in the numerous achievements in infrastructure development, such as road networks, hospitals, clinics, energy, water utilities, and various other social services.
He further highlighted that this strategic approach was reflected in the partnership with De Beers to create Debswana, showcasing Sir Seretse's foresight. The benefits of that partnership are evident, but with hindsight, such benefits could have been much greater if the foundational mining contract and sales agreement had been based on fair returns for both parties, Tsogwane remarked.
Tsogwane added that Botswana has learned to guard its national interests jealously, which is evident in President Masisi's recent renegotiation of the agreement. The new contract aims to prevent the country from being exploited in its mineral wealth by ensuring that relationships involve equally beneficial downstream activities.
He asserted that mineral-rich Africa must ensure its resources benefit the continent's development agenda. Botswana can now look confidently into the future thanks to the foundations laid by Sir Seretse, such as the educational and health services funded by mineral benefits.
The Vice President concluded that Dr. Masisi's administration is committed to continuing the strong socio-economic policies initiated during Sir Seretses leadership. This commitment is reflected in policies such as the Reset and Reclaim agenda, part of a broader array of initiatives aimed at achieving national prosperity.
