Services pull economy out of red

The rise in trade, hotels and restaurants was mainly due to the significant growth from downstream diamond industries
The rise in trade, hotels and restaurants was mainly due to the significant growth from downstream diamond industries

The national economy bounced back to a healthy 4.3% growth in 2016 from a negative growth in the previous year as the services sector cemented its position as the new driver of economic growth.

Figures published by Statistics Botswana (SB) recently showed that from a 1.7% negative growth in 2015, the economy registered positive growth last year mainly due to significant contributions from trade, hotels and restaurants and transport and communications industries which recorded an increase in value added of 13.5% and 5.6% respectively.

All other industries recorded a positive growth with the exception of mining and agriculture, which declined by 3.7% and one percent respectively.

Editor's Comment
Congratulations Anicia Gaothuse!

The contest had 10 beautiful young girls as finalists and unfortunately only one could wear the crown.The judges picked Anicia Gaothuse. To all those who feel their contestant should have won ahead of Anicia for whatever reason, hardly; the judges found Anicia to be the best among the best, so desist from disrespecting our newly crowned queen on social media or anywhere else, for that matter! Each of the 10 beautiful young women had supporters...

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