World Bank sees rosier 2024 for Botswana

Ramping up: The country’s newest mine, Motheo, is due to increase production this year PIC: PHATSIMO KAPENG
Ramping up: The country’s newest mine, Motheo, is due to increase production this year PIC: PHATSIMO KAPENG

The World Bank expects the local economy to expand by 4.1% this year, higher than the sub-Saharan average but below the level targeted by the Botswana government in pursuit of the high-income economy.

In its latest Global Economic Prospects (GEP) report released last week, the World Bank’s researchers added ten basis points to their June 2023 forecast of Botswana's economic growth for the year 2024.

At 4.1%, the projected growth is higher than the Southern African average of 3.5% but lower than government’s own expectations that the economy will this year grow by 4.4%.


Editor's Comment
CoA brings sanity to DIS/DCEC long-standing feud

This decision follows the raiding of the office of the former Director General of the DCEC, Tymon Katlholo early 2022 and his staff officer by the DIS operatives who reportedly took files that they had targeted.After all back and forth arguments, the CoA has set the record straight giving an invaluable lesson to the DIS that it was no super security organ and it does not have any powers to cogently supervise other security organs including the...

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