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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World Bank sees rosier 2024 for Botswana

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.

Gov't moves to close tax gaps

Chief judge promises fairness at tomorrow's Miss Botswana finale

High pressure mounts on fuel prices

We respect AFCON final decision – Babitseng

Court blow rocks BPF leadership

BPF moves to rebuild unity-Lucas

‘Reatile, Ookeditse deal was gentleman’s agreement’

Branch fires early warning shot as Portugal fuels title push

A promising step for public schools, but...