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BoB expects economy to miss 4.2% growth projection

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The Bank of Botswana says the economy is unlikely to grow by the 4.2% forecast by government earlier in the year, due largely to the underperformance of the mining sector in the first half of the year.

Growth narrowed to 2.7% last year from 5.5% in 2022, due largely to a downturn in diamond mining in the second half of 2023, as global uncertainties and market issues dampened the retail market.

During a briefing on Tuesday, the Bank’s director of research and financial stability, Innocent Molalapata, told BusinessWeek that the economy’s performance in the first half of the year was an indication that the 4.2% growth forecast would likely be missed.

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BoB expects economy to miss 4.2% growth projection

The Bank of Botswana says the economy is unlikely to grow by the 4.2% forecast by government earlier in the year, due largely to the underperformance of the mining sector in the first half of the year.

Govt inks $4bn renewable energy deal with Indian firm

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Micro-procurement maze demands urgent reform

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