Spearheading Botswana’s economic growth
Friday, February 17, 2023 | 330 Views |

At the helm: Finance Minister, Peggy Serame, during last week’s budget speech presentation PIC: PHATSIMO KAPENG
Despite this, the Botswana economy has shown strong resilience and grew by 11.8% in 2021, the fastest growth rate in sub-Saharan Africa. The growth is expected to continue in 2022, with the economy estimated to grow by 6.7 percent once Statistics Botswana has validated it on their end.
In 2023 and 2024, growth is projected atfour percent and 5.1 percent respectively, due to better-than-expected performance of the mining and non-mining sectors. However, there are macro-fiscal risks such as slowing growth and a possible recession in advanced countries, which may affect diamond sales, rising COVID-19 infections in China, and global inflation risks.
As the new Umbrella for Democratic Change (UDC) government takes charge, it must act decisively to equip the Directorate on Corruption and Economic Crime (DCEC) with the tools, laws, and resources needed to combat graft. The time for half-measures is over. DCEC Director-General, Botlhale Makgekgenene’s, recent address to the Public Accounts Committee paints a stark picture. Over five years, leadership instability, chronic underfunding and weak...