Mood's forecasts 7% drop for Botswana's economy

To a halt: The economy is slow restarting after grinding to a halt recently PIC: PHATSIMO KAPENG
To a halt: The economy is slow restarting after grinding to a halt recently PIC: PHATSIMO KAPENG

covid19

In a position announced recently, Moody’s however affirmed the country’s long-term local and foreign currency issuer ratings at A2, amongst the highest in Africa. The status means Botswana is one of the continent’s best borrowers and technically one of the best countries to raise international capital from.

In the latest update, Moody’s said the expected seven percent contraction would be due to the sharp slowdown in domestic demand and the disruptive impact of the coronavirus (COVID-19) on the mining sector, particularly diamonds.

Editor's Comment
Women in Politics caucus NGO, a welcome development

In the 2014 General Election, women who stood for parliamentary elections were a mere 17 out of a total of 192 aspirants, and sadly the number dropped to 11 out of 210 parliamentary aspirants in the 2019 General Election. Hopefully, registration of the Women in Politics Caucus will give women the necessary support to join politics. While things were slowly improving, women for a long time were at the receiving end as compared to their male...

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