Economy

Botswana eyes 2025 economic surge as diamond market recovers

Botswana's economy is projected to grow by 3% to 4% in 2025 following a contraction experienced in the previous year, according to a senior government official speaking at a budget workshop on Friday.

Economy

Botswana braces for 1.7% economic contraction in 2024

Botswana's economy is projected to contract by 1.7% this year, marking its first economic downturn since the COVID-19 pandemic.

Economy

Botswana's economic shift set to attract Africa’s wealthy elite

A recent study has revealed that Botswana's efforts to shift its economy from mining to financial services are positioning the country to rival Mauritius as a leading African hub for high-net-worth individuals and families. 

Economy

Botswana eyes 2025 economic surge as diamond market recovers

Botswana's economy is projected to grow by 3% to 4% in 2025 following a contraction experienced in the previous year, according to a senior government official speaking at a budget workshop on Friday.

Economy

Botswana braces for 1.7% economic contraction in 2024

Botswana's economy is projected to contract by 1.7% this year, marking its first economic downturn since the COVID-19 pandemic.

Economy

Botswana's economic shift set to attract Africa’s wealthy elite

A recent study has revealed that Botswana's efforts to shift its economy from mining to financial services are positioning the country to rival Mauritius as a leading African hub for high-net-worth individuals and families. 

Economy

Botswana’s banking sector is crucial to economic transformation, says bank CEO

The banking industry in Botswana's approach to assessing risks and managing its lending practices is crucial for enabling the private sector to spearhead economic growth focused on exports.

Economy

Botswana’s economic growth slows to 1% between January and September

Botswana's economy has experienced a slowdown, registering a growth rate of just 1% in the first nine months of the year, primarily due to weak performance in the diamond sector.

Economy

Botswana awards licence for first manganese mining project

Botswana has granted Giyani Metals a 15-year mining licence, the company announced on Wednesday, marking a significant step toward becoming the country’s first producer of battery-grade manganese.

Economy

Botswana to ease government travel, car spending due to diamond revenue slump

Botswana is considering scaling back on spending related to new vehicle purchases and official travel for government personnel and may also postpone certain capital projects in response to a decline in diamond revenues.

Economy

Botswana to set up board to boost manufacturing sector investment

Botswana’s president Mokgweetsi Masisi announced this week that the country plans to establish a high-level advisory board to draw investors into its manufacturing industry.

Economy

IMF cuts Botswana’s 2024 growth forecast as diamond production falls

The International Monetary Fund (IMF) has reduced Botswana's 2024 growth forecast to 1%, down from the previous estimate of 3.6% made in April, primarily due to decreased diamond production,

Economy

GDP in Botswana falls in Q1 on decline in diamond production

Botswana’s GDP contracted by 5.3% in Q1 this year, reversing the 1.9% growth registered in Q4 2023.

Economy

Bank of Botswana lowers monetary policy rate to 2.15%

Botswana's central bank lowered the monetary policy rate (MoPR) by 25 basis points on Thursday, reducing it from 2.4% to 2.15%.

Botswana’s banking sector is crucial to economic transformation, says bank CEO

Economy

Botswana’s banking sector is crucial to economic transformation, says bank CEO

The banking industry in Botswana's approach to assessing risks and managing its lending practices is crucial for enabling the private sector to spearhead economic growth focused on exports.

Botswana’s economic growth slows to 1% between January and September

Economy

Botswana’s economic growth slows to 1% between January and September

Botswana's economy has experienced a slowdown, registering a growth rate of just 1% in the first nine months of the year, primarily due to weak performance in the diamond sector.

Botswana awards licence for first manganese mining project

Economy

Botswana awards licence for first manganese mining project

Botswana has granted Giyani Metals a 15-year mining licence, the company announced on Wednesday, marking a significant step toward becoming the country’s first producer of battery-grade manganese.

Botswana to ease government travel, car spending due to diamond revenue slump

Economy

Botswana to ease government travel, car spending due to diamond revenue slump

Botswana is considering scaling back on spending related to new vehicle purchases and official travel for government personnel and may also postpone certain capital projects in response to a decline in diamond revenues.

Botswana to set up board to boost manufacturing sector investment

Economy

Botswana to set up board to boost manufacturing sector investment

Botswana’s president Mokgweetsi Masisi announced this week that the country plans to establish a high-level advisory board to draw investors into its manufacturing industry.

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