Morupule B failures retard economic growth

Tuesday, January 13, 2015

Morupule B power station's four units broke down between September and October last year.

The economy grew at a slower rate in the third quarter of last year compared to the same period in 2013 on the back of reduced production in the electricity and non-diamond mining sectors.

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.

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Morupule B failures retard economic growth

The economy grew at a slower rate in the third quarter of last year compared to the same period in 2013 on the back of reduced production in the electricity and non-diamond mining sectors.