Power crisis could be the bane of growth

Friday, June 13, 2008

While the domestic economy is poised for growth in 2008, there are fears that the region-wide power crisis and shortage of skilled labour could undermine the prospects, the Bank of Botswana has warned.

In its Annual Report for 2007, the Central Bank says in the short-term, the economy, which grew by 6.1 percent in 2006/2007, will receive several sector-specific stimuli that should boost growth.

These include momentum arising from the beneficiation of diamonds and other minerals, as the new Diamond Trading Company Botswana comes into full operation.

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