Latest Economic News

May

25

Annual GDP slows in 2019, records 3.0% year-on-year growth.

The rate of growth of the Botswana economy slowed during 2019, as a result of contraction in the mining sector, particularly

May

25

Headline inflation rate increases to 2.5% in April 2020

Annual inflation rate increased to 2.5% in April 2020, up from 2.2% recorded in March 2020. The increase in inflation rate

Mar

24

MOODY'S AFFIRMS THE “A2” AND THE STABLE OUTLOOK SOVEREIGN CREDIT RATING FOR BOTSWANA

Moody’s Investors Service has affirmed Botswana's sovereign credit rating of ‘A2’ for long-term bonds denominated in both domestic and foreign currency,

Feb

28

Botswana Seeks New De Beers Diamond Sales Deal by End of April

 Botswana plans to conclude negotiations with De Beers on a diamond sales agreement by the end of April to replace the

Feb

28

De Beers Posts Lowest Profit Since End of Diamond Monopoly

 Not since at least the early 2000s, when De Beers gave up its global monopoly on diamonds, has the company earned

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