Current account dips as imports outpace exports

A high import bill caused by rising oil and food prices led to a weakening of Botswana's balance of payments as the country's current account surplus declined by over 40 percent.

According to figures released by the Bank of Botswana, in the second quarter of 2008, the current account surplus recorded a 42.6 percent decline from P4.8 billion in the first quarter to P2.7 billion.

Editor's Comment
Closure as pain lingers

March 28 will go down as a day that Batswana will never forget because of the accident that occurred near Mmamatlakala in Limpopo, South Africa. The tragedy affected not only the grieving families but the nation at large. Batswana throughout the process stood behind the grieving families and the governments of Botswana and South Africa need much more than a pat on the back.Last Saturday was a day when family members said their last goodbyes to...

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