Mmegi

BoB warns of ‘muted’ economic recovery

Friday, April 25, 2025 | 270 Views |

At the helm: Dekop flanked by his two deputy governors, Kealeboga Masalila (left) and Lesego Caster Moseki PIC: MBONGENI MGUNI

The Bank of Botswana has warned that tremors from the ongoing global trade disruption as well as slow implementation of urgently required local reforms, could result in a muted recovery of the economy this year, potentially landing it lower than the expected 3.3 percent rebound.

In his February budget speech, Finance Minister and Vice President Ndaba Gaolathe, had forecast growth of 3.3 percent this year, based on the hope that diamonds would recover from their slump in the latter part of the year, whilst the non-diamond sector would continue its support of the economy.

The recovery is eagerly hoped for, as the economy shrank by three percent last year, owing to the prolonged downturn in diamond activities.

Already have an active account? Log in here.

Or Sign up and get unlimited access to premium articles.

Bank of Botswana

Gov't moves to close tax gaps

Staff Writer | 1d ago

Chief judge promises fairness at tomorrow's Miss Botswana finale

Larona Makhaiza | 1d ago

High pressure mounts on fuel prices

Mbongeni Mguni | 1d ago

We respect AFCON final decision – Babitseng

Mqondisi Dube | 1d ago

Court blow rocks BPF leadership

Tsaone Basimanebotlhe | 1d ago

BPF moves to rebuild unity-Lucas

Tsaone Basimanebotlhe | 1d ago

‘Reatile, Ookeditse deal was gentleman’s agreement’

Tsaone Basimanebotlhe | 1d ago

Branch fires early warning shot as Portugal fuels title push

Kabelo Boranabi | 1d ago

A promising step for public schools, but...

For too long, the state of many public schools has been a source of shame. We have all seen the pictures and heard the stories of broken windows, unreliable water and electricity, topped by classrooms that are not fit for proper learning. The establishment of the Education Infrastructure and Management Company Ltd (EIMC) signals that authorities are finally ready to take this problem seriously. We must commend the government for this initiative....

The Monitor Editor | 17 March 2026

About us

Mmegi is the leading independent source of breaking news, latest news, current
affairs, Politics, Business, Sport, debates, analysis, and entertainment news in Botswana.

Explore

More

BoB warns of ‘muted’ economic recovery

The Bank of Botswana has warned that tremors from the ongoing global trade disruption as well as slow implementation of urgently required local reforms, could result in a muted recovery of the economy this year, potentially landing it lower than the expected 3.3 percent rebound.

Gov't moves to close tax gaps

Chief judge promises fairness at tomorrow's Miss Botswana finale

High pressure mounts on fuel prices

We respect AFCON final decision – Babitseng

Court blow rocks BPF leadership

BPF moves to rebuild unity-Lucas

‘Reatile, Ookeditse deal was gentleman’s agreement’

Branch fires early warning shot as Portugal fuels title push

A promising step for public schools, but...