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World Bank predicts rebound for Botswana’s economy in 2026

Balancing act: Gaolathe is due to present the budget next month
Balancing act: Gaolathe is due to present the budget next month

The World Bank expects a 2.3 percent economic rebound for Botswana’s economy this year, with growth expected to be spurred by fiscal consolidation and a rebound in mineral revenues.

The growth projections follow a three percent decline in economic activity in 2024, which is likely to be followed by another 0.9 percent contraction, according to Finance ministry figures.

The World Bank’s latest Global Economic Prospects report, published recently, showed that despite headwinds, researchers see the local economy making its way back to positive output with growth for 2026 now seen at 2.3 percent, which would mark a rebound in positive activity for an economy that has been severely hit by low mineral revenues and eroded fiscal buffers.

Editor's Comment
Our digital safety is in our hands

That sounds like good news. But the report also warns that this may simply be because our digital economy is still young, not because we are safe. As more people shop, bank and pay online, criminals will follow.We Batswana do not need a report to tell us that danger is real. Many of us have heard of or fallen victim to KYC scams. A caller impersonates your bank or mobile money provider. They say they need to “verify” your account. They ask...

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