Economy

Botswana’s Vice President Ndaba Gaolathe underscored that the government views the private sector as the driving force behind economic growth and job creation, during a meeting with private sector CEOs last week.

posted on 05.08.2025

Economy

Botswana said last week that it will permit its Pula currency to weaken by 2.76% over the coming year, an accelerated pace compared to earlier plans, as the country faces economic strain from a sustained slump in the global diamond market.

posted on 14.07.2025

Economy

Botswana has obtained a US$200 million policy-based loan from the OPEC Fund for International Development, finalised during Vice President and Finance Minister Ndaba Gaolathe’s recent trip to Austria.

posted on 03.07.2025

Economy

The diamond industry, particularly the natural diamond sector, is currently experiencing significant volatility, highlighting the critical importance of the World Federation of Diamond Bourses (WFDB).

posted on 13.06.2025

Economy

Botswana plans to lower its 2025 economic growth forecast to near zero, citing a sustained slump in the global diamond market, a senior official from the finance ministry said this week.

posted on 04.06.2025

Economy

Over 75,000 food voucher recipients in Botswana have reportedly made smooth digital purchases at local retailers, thanks to a fintech solution implemented by SmartSwitch Botswana.

posted on 30.05.2025

Economy

Botswana’s foreign minister has urged the EU to increase its investment efforts in the country. This is especially true given the significant impact of a 37% trade tariff imposed by the Trump administration.

posted on 23.05.2025

Economy

Botswana’s annual inflation rate eased significantly to 2.3% in April 2025, down from a seven-month high of 2.8% recorded in March.

posted on 16.05.2025

Economy

Botswana’s Vice President and Finance Minister, Ndaba Gaolathe, has wrapped up a two-week official visit to the United States, where he participated in the 2025 IMF and World Bank Spring Meetings.

posted on 07.05.2025

Economy

Botswana’s government expressed confidence that Anglo American will secure a buyer for its De Beers diamond division within the year.

posted on 30.04.2025

Economy

The Bank of Botswana has revised its inflation forecast for this year to an average of 2.5%, down from the earlier projection of 3.9%. The adjustment reflects expectations of lower fuel prices and the Pula's strengthening against the South African Rand.

posted on 23.04.2025