S&P raises Botswana’s outlook to positive on diamond recovery

Friday, September 24, 2021 | 760 Views |

Buzzing again: Diamond sector recovery is leading the economy's rebound

Global credit ratings agency, S&P yesterday revised its view of the country's outlook to stable from negative, citing stronger prospects for economic recovery.

In a statement, the agency said the recovery in the diamond sector would underpin the expected economic rebound.

The country's main diamond producer, Debswana reported production of 10.7 million carats for the first half of the year, 43% higher than the corresponding period last year.

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S&P raises Botswana’s outlook to positive on diamond recovery

Global credit ratings agency, S&P yesterday revised its view of the country's outlook to stable from negative, citing stronger prospects for economic recovery.

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