Trade balance slumps to deficit

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The discontinuation of sales of aggregated diamonds to the UK in preparation for last November’s inaugural De Beers’ sight in Gaborone saw imports outweigh exports in October 2013, leading to a balance of trade deficit.

Figures released by Statistics Botswana this week show that in October 2013, there was a P177.5 million trade deficit caused by a decrease in exportation of rough diamonds.

“This was mainly because there were no sales of diamonds from the aggregation process at DTCI during October 2013, hence there were no exports of Botswana rough diamonds during the month under review,” said SB in a note accompanying the October trade statistics release.

Editor's Comment
UDC's 100 Days: Please deliver your promises!

We duly congratulate them to have ousted the long ruling Botswana Democratic Party (BDP) from power. Prior to taking power from the BDP, the coalition had made several election promises that are credited for influencing change and swaying the people to vote in its favour.The party had made an undertaking, which its leader and President Duma Boko consistently bellowed in his campaign trail. These undertakings were promises that Batswana would be...

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