Economic headwinds underline rugged 2015

Friday, December 18, 2015

Boseto Mine closed in January leaving 800 workers jobless

That government’s decision to introduce the Economic Stimulus Package (ESP) to jump-start the flagging economy might just be evidence enough of how challenging the year, 2015 was.

The turmoil in the diamond market has hit government revenues hard in the past two years, a frailty that filtered down to the private sector and the general households.

Exacerbating the situation in 2015 was the recurring water and electricity shortages that not only slowed economic activity, but also affected the quality of life for the households.

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Economic headwinds underline rugged 2015

That government’s decision to introduce the Economic Stimulus Package (ESP) to jump-start the flagging economy might just be evidence enough of how challenging the year, 2015 was.