Economy

President of Botswana, Duma Boko announced that his government has secured a diamond extraction and sales agreement with De Beers, providing stability to the country's gem-dependent economy.

posted on 29.01.2025

Economy

The Botswana Stock Exchange (BSE) has shown resilience and growth, even as the domestic economy entered a technical recession in 2024, according to the latest data.

posted on 23.01.2025

Economy

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.

posted on 20.01.2025

Economy

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

posted on 10.12.2024

Economy

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. 

posted on 14.11.2024

Economy

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.

posted on 17.10.2024

Economy

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.

posted on 03.10.2024

Economy

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.

posted on 19.09.2024

Economy

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.

posted on 14.08.2024

Economy

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.

posted on 12.08.2024

Economy

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,

posted on 16.07.2024