World Bank sees rosier 2024 for Botswana

Tuesday, January 23, 2024 | 1120 Views |

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%.

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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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