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…
Tag: Botswana economy
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…
Botswana youth unemployment 4th highest in SADC
Botswana, SADC’s fourth-largest economy, also retains that position in terms of the youth unemployment rate. “Nine out of the 13…
Botswana urged to commit to Abuja Declaration targets by prioritising health systems
Botswana is being urged to prioritise investing a portion of its national budget in healthcare systems to achieve the Abuja…
Botswana raises limits for domestic borrowing to nearly $3 billion
Botswana’s National Assembly on Wednesday endorsed the doubling of the southern African country’s domestic borrowing to 30 billion pula (about…
Botswana: a remarkable achievement, thanks to capitalism
Today, Botswana is not only prosperous but also relatively free. It offers its inhabitants the highest degree of freedom on…
Government considers resuscitating failed Fengyue Glass Project
The ill-fated glass project which cost Botswana billions before going bust might be making a return as the government considers…
Botswana: A favourable location for leading automotive manufacturers
There is a strong demand for automotive vehicles, therefore domestic and foreign original equipment manufacturers (OEM) are planning to expand…
Botswana can and must repeat its past economic miracles
According to ‘The Global Competitiveness Report 2019’ of the World Economic Forum, Botswana is getting one or two important things right…
Botswana lifts 48-day lockdown, introduces inter-zonal restrictions
People across Botswana were on Wednesday evening glued to their small screens with bated breath as they awaited the latest…