BoB sees risks but positive on 2012 growth

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The Bank of Botswana expects the local economy to continue positive growth in most key sectors this year with faster credit expansion by commercial banks driving activities, Mmegi Business has learnt.

The central bank made the forecast yesterday as it also warned that the looming Eurozone crisis and a slowdown in government spending were the major threats to the local economy in 2012.

The Bank of Botswana unveiled the forecasts in its 2011 Annual Report released yesterday, indicating a healthy turnaround in the organisation's financial performance to a comprehensive income of P8.6 billion in 2011 from a P547 million loss in 2010.

Editor's Comment
Women unite for progress

It underscores the indispensable role women play in our society, particularly in building strong households and nurturing families. The recognition of women as the bedrock of our communities is not just a sentiment; it's a call to action for all women to stand together and support each other in their endeavours.The society's aim to instil essential principles and knowledge for national development is crucial. By providing a platform for...

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