Morupule B failures retard economic growth

According to figures recently released by Statistics Botswana (SB), economic growth measured by real Gross Domestic Product (GDP) went up by 5.4 percent in the third quarter of 2014 compared to 6.9 percent accrued in the same quarter in 2013.

Despite robust economic activity in diamond production, trade and finance sectors, the break down of the Morupule B power station reduced the electricity sector’s value addition while pushing up power imports in the period.