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
Government’s efforts commendable!

Since the news broke, the government made sure to work hand in hand with the South African government to assist the families of the victims. The two countries came together to help the families identify the bodies of their loved ones through DNA testing. The government also announced that they would assist families with food for mourners before the funerals.Even though the deceased persons were mostly residents of Molepolole, the government...

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