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BoB expects economy to miss 4.2% growth projection

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Influencing policy: Dekop says more impetus is needed to improve implementation in government PIC PHATSIMO KAPENG

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.

BCP eyes student vote revival

UB politics shapes future leaders

DIS officers seek tribunal authority over Magosi

DIS officers reject Magosi’s defence over P7.4m payout

DIS in P 1.5m employees money theft accusation

Botswana bets on gas mining boost for flagging economy

Mupane creditors grow uneasy as appeal drags on

UDC NEC to reconvene post leadership changes

Botswana must not be a flag of convenience for rogues