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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16 January 2020
Headline inflation rate in December 2019 recorded an increase of 0.1% to 2.2%, up from 2.1% inflation rate in November 2019. Group ....
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15 January 2020
France has updated its tax haven blacklist and has removed Botswana after complying with the rules on the exchange of information ....
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20 December 2019
Forbes announced that it’s hosting the first-ever Under 30 Africa Summit in Botswana, April 19-23, 2020, a move that recognizes Botswana ....
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20 December 2019
De Beers’ rough sales totalled $425 million in December, the highest since April, as lower price levels and better profit margins ....
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17 December 2019
 In November 2019, headline inflation decreased to 2.1 percent from 2.4 percent in October 2019. According to the latest data from ....
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13 December 2019
The Monetary Policy Committee (MPC) of the Bank of Botswana met in December 2019 and decided to maintain the Bank Rate ....
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10 December 2019
Finance and Economic Development ministry statistics published by the Bank of Botswana this week show that while the first quarter of ....
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29 November 2019
The IMF team has completed Article IV consultations with Botswana. Economic growth is forecast to slow to 3.5% in 2019 due ....
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