Economy generally grows past pre-COVID levels
Thursday, April 06, 2023 | 660 Views |
Tough times: The lockdowns and travel bans of 2020 depressed the economy which still bears some of the impact even today PIC: MORERI SEJAKGOMO
According to figures released by Statistics Botswana last Friday, the water and electricity sector led the pack in terms of growth last year with 48.6%, while value added by diamond traders rose 17.6% followed by manufacturing with 8.2 percent and mining/quarrying with 7.5 percent.
In terms of their contributions to the Gross Domestic Product (GDP), the measure of economic activity, mining and quarrying leads the pack, followed by public administration and defence, and the construction and wholesale industries.
Smash-and-grab incidents became common at traffic lights, Automatic Teller Machine (ATM) bombings made headlines too often, cash-in-transit robberies terrified security personnel, while home invasions left families traumatised in the very places they were supposed to feel safest. The situation had reached alarming levels and threatened not only the peace of ordinary citizens, but also the country’s reputation as one of the safest and most...