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…
Tag: Botswana economy
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 central bank holds policy rate, sees steady inflation
25 February 2024 Botswana’s central bank kept its main interest rate unchanged at 2.40% in a decision announced on Thursday, and…
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…
The paradox of Botswana’s strong economic growth versus the rising income inequality
According to international economic measures, Botswana has experienced long-term economic growth overall. Those same measures, however, also report that the…
Bank of Botswana: The Pula appreciates by 0.9% against the South African Rand
The Pula appreciated by 0.9% against the South African Rand and depreciated by 1.2% against the IMF Special Drawing Rights…
Botswana economy in worst contraction since independence
The Botswana economy has recorded its biggest contraction since records began, officially entering a recession. The economy is expected to…
Botswana Parliament votes to extend COVID State of Emergency to March 2021
Botswana’s parliament voted Monday to extend by a further six months a State of Emergency (SoE) imposed to fight the…