Botswana records first trade surplus in 20 months

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Strong diamond sales in June underpinned solid national export figures for the month enabling Botswana to record its first trade surplus, P202.7 million, since October 2008, latest data from the Central Statistics Office (CSO) has shown.

October 2008 marked the onset of a 10-month recession driven largely by a 20.9 percent contraction in the mining sector, which constitutes more than a third of the Gross Domestic Product. During that period, Botswana witnessed heavy trade deficits, running into P4 billion in the first quarter of 2009, as the value of imports greatly outweighed that of exports.

However, the CSO's recent data indicates that exports for June 2010 at P3.48 billion outweighed imports for the same month at P3.28 billion, enabling the country to declare a trade surplus for the first time since September 2008.

Editor's Comment
Congratulations Anicia Gaothuse!

The contest had 10 beautiful young girls as finalists and unfortunately only one could wear the crown.The judges picked Anicia Gaothuse. To all those who feel their contestant should have won ahead of Anicia for whatever reason, hardly; the judges found Anicia to be the best among the best, so desist from disrespecting our newly crowned queen on social media or anywhere else, for that matter! Each of the 10 beautiful young women had supporters...

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