Mmegi

Diamond crisis spirals into debt scramble

Friday, June 06, 2025 | 210 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.

The cracks within the party can be traced back to the fiercely contested elective congress held last year PIC: MORERI SEJAKGOMO

BNF unity to be tested in Francistown

Tsaone Basimanebotlhe | 2d ago

Shanti-Lo glitters after 25-year music stay

Sharon Mathala | 2d ago

Shanti-Lo celebrates 25 years of musical legacy

Nnasaretha Kgamanyane | 2d ago

Rollers on the ropes as GU smell derby blood

Kabelo Boranabi | 2d ago

BDF XI shake up women’s league

Kabelo Boranabi | 2d ago

Personal relations with Seretse force Ngakaagae out

Staff Writer | 05 Mar 2026

BoB raises P2.6bn for govt

Mbongeni Mguni | 05 Mar 2026

Calls grow for Botswana to address tourism entry gap

correspondent | 05 Mar 2026

Cameras watching: Drive safely or pay the price

A network of high-tech cameras is now live, and they will be watching motorists every move behind the wheel. For the safety of everyone on the roads, drivers must take this wake-up call seriously or be prepared to face the consequences. These are not just speed traps. The new detecting devices are sophisticated. They will catch you running a red light, speeding, or driving an unregistered vehicle. They will spot the driver who is not wearing a...

The Monitor Editor | 03 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