Botswana’s SMEs look to data -driven tools to drive growth :: Mmegi Online

Botswana’s small and mid-sized enterprises (SMEs) are increasingly looking to grow their businesses both locally and internationally and access new markets to mitigate the effects of global economic slowdown, rising inflation and to ensure sustainable and inclusive economic growth, says TransUnion Botswana Country Manager, Kabelo Ramaselwana.

According to the African Development Bank Group, real GDP growth is projected to recover to 5.5 percent in 2022, based on a revival in domestic demand as the effects of the pandemic recede and a rebound in commodity prices as economies reopen globally.

However, this could be impacted by growing inflationary pressures caused by the war in Ukraine. There are also threats from persistent drought and the adverse effects of poor economic conditions in South Africa on Botswana’s exports and SACU receipts.

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