Lower savings culture in Botswana

According to the Barclays Africa Prosper report, approximately four in 10 Batswana (42 percent) said they would invest or save if they found themselves with an extra $100 (P920) at the end of the month. The Botswana score is significantly lower than the Ghanaians (82 percent) and Kenyans (63 percent) who said they were more likely to invest additional funds.

 While factors such as unattractive interest rates and lower disposable incomes could be influencing factors in the lower savings culture, the report shows that the Botswana percentage is also lower than the Africa average which stood at 49 percent, meaning about five in 10 would invest the extra funds.