According to Absa Botswana, the index is produced with support from the United Nations Economic Commission for Africa and evaluates 29 African countries. During its production, researchers use a combination of quantitative data and survey insights from more than 50 institutions, including central banks, stock exchanges, regulators, market participants and international development bodies. In Botswana, the index was launched recently where captain of the industry were appraised of the progress the country has made since the previous edition. Absa Bank Botswana Managing Director, Keabetswe Pheko-Moshagane, stated that the performance of the diamond-rich nation reflects both strength and opportunity.
She highlighted that Botswana ranks first in Africa for macroeconomic environment and transparency, supported by strong external debt discipline and consistent data transparency. The Index also found that Botswana continues to hold the highest pension fund assets per working-age person in Africa, underscoring the strength of the country’s long term savings institutions. “These strengths continue to anchor Botswana’s reputation for stability, while the Index also highlights opportunities to further deepen liquidity, broaden the product set, enhance legal enforceability and accelerate innovation,” Pheko-Moshagane added.
