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
The Boko-led administration has to tread carefully

‘When you make peace withyourself, you make peace with the world’- Maha GhosanandaThis may come at a huge cost if not handled properly. What started off on Labour Day in Letlhakane this year, where Boko was in attendance when the militant lawyer-cum-trade unionist, Robert Rabasimane rebutted the President’s address in defence of the trade union has seemingly spiralled out of control. The issue is now creating a cat-and-mouse type of a...

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