Mmegi

Diamond crisis spirals into debt scramble

Friday, June 06, 2025 | 140 Views |

The Finance Ministry has initiated loan discussions with the OPEC Fund and World Bank as government’s debt raising activities in the local market reach their limit, amidst a cash crunch caused by the prolonged slump in diamond and the draining of national savings.

“Our focus will be more on foreign borrowing because that’s where we have a little bit of room to manoeuvre,” Finance Ministry permanent secretary, Tshokologo Kganetsano told a parliamentary committee on Monday.

Under its own statutory rules, government is required to limit its debt to 20% of GDP for domestic funding and 20% of GDP for external funding.

Already have an active account? Log in here.

Or Sign up and get unlimited access to premium articles.

FORMER TOWNSHIP ROLLERS PRESIDENT: Tendani Sebata.PIC.ROLLERS

After Rollers split, Sebata push ahead with Lions

Mqondisi Dube | 8 h ago

Gunners, Sithole spat resolved

Kabelo Boranabi | 8 h ago

Khama, Masisi should rise above personal differences

Mmegi Editor | 04 Jul 2025

The last laugh

Dr Fahim Chand | 04 Jul 2025

Khama blames Masisi, Magosi for causing forensic audit

Spira Tlhankane | 04 Jul 2025

Hope for ex-mine workers to claim compensation for silicosis, TB

correspondent | 04 Jul 2025

Boko’s key appointments so far

Staff Writer | 04 Jul 2025

Boko's P100 billion 'Butterfly' headache

Oarabile Mosikare | 04 Jul 2025

Khama, Masisi should rise above personal differences

Hurt as he may have been, former president Ian Khama, Sir Seretse’s senior son who was given an opportunity to speak on behalf of the Seretse family, couldn’t mince his words as he took advantage to shred his successor Mokgweetsi Masisi to pieces.He, however, did not clearly mention names but he referred to Masisi as the leader of a political party that was founded amongst others by his father.He would also address him as the former State...

Mmegi Editor | 04 July 2025

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

Diamond crisis spirals into debt scramble

The Finance Ministry has initiated loan discussions with the OPEC Fund and World Bank as government’s debt raising activities in the local market reach their limit, amidst a cash crunch caused by the prolonged slump in diamond and the draining of national savings.

After Rollers split, Sebata push ahead with Lions

Gunners, Sithole spat resolved

Khama, Masisi should rise above personal differences

The last laugh

Khama blames Masisi, Magosi for causing forensic audit

Hope for ex-mine workers to claim compensation for silicosis, TB

Boko’s key appointments so far

Boko's P100 billion 'Butterfly' headache

Khama, Masisi should rise above personal differences