Botswana passes first credit rating test
Tuesday, September 15, 2026 | 0 Views |
STEADY HAND: S&P researchers said key exchange rate decisions by the Bank of Botswana helped preserve foreign exchange reserves. PIC: MORERI SEJAKGOMO
The assessment by Moody’s, whose researchers visited the country two weeks ago, is expected soon.
In its assessment released shortly before midnight on Friday, S&P affirmed the country’s long term foreign and local currency credit rating at BBB-, whilst maintaining the negative outlook based on continued weakness in the global diamond industry and the related impact on the economy.
‘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...