the monitor

Botswana credit rating nears 'junk status' after S&P downgrade

Tuesday, March 17, 2026 | 10 Views |

The agency also warned that Botswana’s fiscal position has deteriorated as mineral revenues decline.PIC.SOUTHERNAFRICATIMES.COM

Botswana’s sovereign credit rating has been downgraded by S&P Global Ratings, reflecting mounting pressure on the country’s economy and public finances as weak global demand for diamonds continues to weigh on growth and government revenues.

In a decision announced last week, the ratings agency lowered the country’s long-term foreign and local currency sovereign credit ratings to BBB- from BBB, whilst the short-term rating was cut to A-3 from A-2.

The outlook on the rating was revised to negative, signalling the possibility of further downgrades if fiscal conditions continue to deteriorate.

Already have an active account? Log in here.

Or Sign up and get unlimited access to premium articles.

credit rating

America's 4x400m relay teams to miss World Relays in Gaborone

Calistus Kolantsho | 9 h ago

Court voids BPF elections over irregular electoral authority

Larona Makhaiza | 10 h ago

Regional data tariffs lowered

Mbongeni Mguni | 10 h ago

SElefu

11 h ago

DCI slows down in Jan, Feb

Mbongeni Mguni | 12 h ago

Retrieve introduces AI-powered lost and found platform

Laone Choeunyane | 1d ago

ZCC Mogoditshane church dispute turns violent

Tsaone Basimanebotlhe | 1d ago

A promising step for public schools, but...

The Monitor Editor | 1d ago

A promising step for public schools, but...

For too long, the state of many public schools has been a source of shame. We have all seen the pictures and heard the stories of broken windows, unreliable water and electricity, topped by classrooms that are not fit for proper learning. The establishment of the Education Infrastructure and Management Company Ltd (EIMC) signals that authorities are finally ready to take this problem seriously. We must commend the government for this initiative....

The Monitor Editor | 17 March 2026

About us

Mmegi is the leading independent source of breaking news, latest news, current
affairs, Politics, Business, Sport, debates, analysis, and entertainment news in Botswana.

Explore

More

Botswana credit rating nears 'junk status' after S&P downgrade

Botswana’s sovereign credit rating has been downgraded by S&P Global Ratings, reflecting mounting pressure on the country’s economy and public finances as weak global demand for diamonds continues to weigh on growth and government revenues.

America's 4x400m relay teams to miss World Relays in Gaborone

Court voids BPF elections over irregular electoral authority

Regional data tariffs lowered

SElefu

DCI slows down in Jan, Feb

Retrieve introduces AI-powered lost and found platform

ZCC Mogoditshane church dispute turns violent

A promising step for public schools, but...

A promising step for public schools, but...