Mining, water and power woes drag economy into red

Morupule B plant constantly broke down last year
Morupule B plant constantly broke down last year

Real Gross Domestic Product (GDP) growth for 2015 printed at -0.3 percent year-on-year compared to 3.2 percent in 2014, the first annual negative growth rate recorded since the 2008 global financial crisis.

According to figures released by Statistics Botswana, the disappointing print can be largely attributed to negative mining GDP growth of -19.7 percent as well as underperformance in the non-mining private sector.

 Negative growth was also recorded in the water and electricity sectors in 2015.

Editor's Comment
Women unite for progress

It underscores the indispensable role women play in our society, particularly in building strong households and nurturing families. The recognition of women as the bedrock of our communities is not just a sentiment; it's a call to action for all women to stand together and support each other in their endeavours.The society's aim to instil essential principles and knowledge for national development is crucial. By providing a platform for...

Have a Story? Send Us a tip
arrow up