Moody's gives Botswana sparkling scorecard

Rumbling on: More stable power from Morupule B has helped the economy PIC: MBONGENI MGUNI
Rumbling on: More stable power from Morupule B has helped the economy PIC: MBONGENI MGUNI

Leading credit ratings agency, Moody’s says the country has taken a path to fiscal consolidation and with its low debt levels and strong buffers, has a stable outlook.

Moody’s affirmed the country’s sovereign credit ratings at A2, according to a statement released last week after a biannual review conducted recently. The A2 rating is the highest in Africa, meaning Botswana is the continent’s best borrower and technically one of the best countries to raise international capital from.

According to Moody’s, while there were several areas of concern, the local economy’s outlook continued to support the continent’s highest credit rating.

Editor's Comment
Stakeholders must step up veggie supply

The Ministry of Agriculture, local producers, retailers, and industry associations must work together to overcome the obstacles hindering vegetable production and distribution.This collaborative approach is essential to improve the availability, quality, and affordability of vegetables in the market.Firstly, the Ministry of Agriculture should provide support and guidance to local farmers to enhance their productivity and efficiency. This could...

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