Gov’t warns of austerity measures
25 December 2024 The Ministry of Finance intends to implement austerity measures in the medium-term, including reducing the civil service…
Tag: Botswana economy
Botswana’s economy is in bad shape, says new administration as it eyes electricity exports to SA
10 December 2024 Botswana’s economy is in bad shape, deputy president and finance minister Ndaba Gaolathe has told its parliament…
Government to establish mega enterprises as large as Debswana or bigger
8 December 2024 The Projects | Economic Transformation As part of its transformative agenda to place Botswana’s economy on a…
Botswana not broke… but we must be careful!
24 November 2024 BoB Governor Cornelius Dekop calls for reduced government spending. Despite the decline in the country’s Gross Domestic…
Botswana mulls new board to lure investors to manufacturing sector
9 August 2024 Botswana President Mokgweetsi Masisi said Tuesday that the country intends to set up a high-level consultative board…
IMF slashes Botswana’s 2024 growth forecast amid diamond market woes
14 July 2024 The International Monetary Fund (IMF) has slashed Botswana’s 2024 growth forecast to 1% from an earlier April…
Botswana may fall short of 4.2% growth target, cenbank official says
18 June 2024 Botswana’s economy may fall short of the government’s 4.2% growth target for this year, a senior central…
The Brilliance of Botswana Diamonds
20 May 2024 Discover how the natural diamond industry helped transform the now thriving Southern African country with brilliant Botswana…
Botswana forecasts economic rebound, budget focus on infrastructure
7 February 2024 Botswana sees a recovery in economic growth this year and plans to increase spending on infrastructure development…
Fifth consecutive trade surplus as copper comes to the party
7 October 2023 Botswana this week reported its strongest quarterly trade surplus since 2019, powered by copper exports in addition…
Botswana: African Development Bank Group commits $180 million to bolster post-COVID-19 economic recovery
The Board of Directors of the African Development Bank has approved a loan of $179.66 million to support government reforms…
Botswana looks to tourism sector to ‘heal’ the economy
KASANE – Botswana’s economy is expected to get a boost from an improved tourism industry that has been on a…
Foreign Reserves added an extra billion in April 2021
The Botswana government fiscal position showed positive signs in April as foreign exchange reserves reflected growth, adding an extra billion…
Botswana hits another trade surplus
Botswana’s trade balance appears to be improving, driven by a recovery in the diamond industry. In recent years, the country’s …
Botswana economy seen growing by 6.2% in 2021
International credit rating agency – Moody’s, says it forecasts that the Botswana economy will recover in 2021, with real GDP…
Botswana Foreign Reserves show improvement but…
The Government’s investment account, which was at one stage at a record low, is making a dramatic back, nearly tripling…
Loss-making parastatals draining on downgraded Botswana
An economic slump, magnified by the downgrading of Botswana’s long-term local and foreign currency ratings, has made it imperative for…
Economy shrank by 7.9% in 2020 – Statistics Botswana
The local economy contracted by 7.9% last year, its worst performance on record, as the weight of COVID-19 hit across…
Botswana economy forecast to grow 8.8 pct in 2021
Botswana’s economy is forecast to grow by 8.8% in 2021, an official said Tuesday. The improvement is premised on conducive…
Botswana, an African oasis- BusinessDay NG
The story of the rise of Africa, the result of consistent economic growth and political stability on the first continent…
Botswana unveils $115m COVID-19 financial bailout for firms
Botswana has unveiled a US$115 million facility to assist local businesses with loans to weather the economic headwinds triggered by…
De Beers to close Damtshaa Mine in Botswana
Debswana Mining will close its Damtshaa diamond mine in 2021 for three years, the president of the Botswana Mine Workers Union, Joseph…
Botswana 3rd most economically free country in Africa
Botswana is the third most economically free country in the Sub-Saharan Africa region. This information is contained in the 2020…
Cost of living in Botswana vs Average monthly earning: The contrast
Official figures show that Botswana workers earn on average a net monthly salary of P6,620 ($578) after tax, against a…
OPINION PIECE: The implications of Botswana’s power issues on doing business
The Assistant Minister of Investment, Trade and Industry, Molebatsi Molebatsi says the government through the Ministry of Mineral Resources, Green…
Botswana sees 7.7 % growth in 2021 on diamond industry recovery
Botswana‘s economy will rebound and grow 7.7% in 2021 from an 8.9% contraction forecast this year, on the back of…