Latest Economic News



Monetary Policy Rate (MoPR) maintained at 2.40%

The Bank of Botswana’s Monetary Policy Committee (MPC) maintained the Monetary Policy Rate (MoPR) at 2.40% at the meeting held in



DBGSS improves in Q1 2024

The demand for rough diamonds improved during Q1 2024, with the first two sales cycles of the year registering a sharp



International trade records a deficit in 2023

International trade activity slowed during the year to December 2023. The value of both imports and exports recorded in 2023 was



Economic growth slows in 2023

The Botswana economy slowed during 2023. Real GDP growth was 2.7% in the twelve months to December 2023, compared to 5.5%



Headline inflation unchanged at 3.9% in February 2024

Annual inflation in February 2024 was 3.9%, the same rate recorded in January 2024. Group indices were generaly stable recording marginal

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Managing Director: Dr Keith Jefferis

Dr Keith Jefferis, was Deputy Governor of the Bank of Botswana (BoB) from November 1999 until March 2005, on appointment by the President of Botswana, H.E. Festus Mogae. Prior to this Dr Jefferis worked in the Research Department of the BoB; as a Senior Research Fellow at the Botswana Institute of Development Policy Analysis; and as an academic lecturing and researching in economics at universities in Botswana and the United Kingdom. He has degrees in economics from the Universities of Bristol (B.Sc) and London (M.Sc), and the Open University in the UK (Ph.D), and started his career as a professional economist by winning a Fellowship of the Overseas Development Institute (ODI), London. 

Dr Jefferis has undertaken a wide variety of research, analysis and consultancy work on economic policy issues. At the Bank of Botswana he worked extensively on the formulation and analysis of macroeconomic policy issues, especially monetary, exchange rate and fiscal policies; development of the financial system, including competition and efficiency in the banking sector, regulatory issues, broadening access to financial institutions, and payments system development; and macroeconomic data compilation and dissemination. He has also worked on stock market development, trade policy and regional integration issues, industrial policy and SMME development, poverty analysis and poverty alleviation policies, and the economic aspects of HIV/AIDS, combining both academic rigour and policy relevance. Dr Jefferis has written extensively on economic issues in Botswana and the countries of the Southern African Development Community (SADC), and has played a key role in deepening the public understanding of economic issues in through teaching, writing and public speaking. 

Dr Jefferis is a citizen of Botswana and is accredited to the Technical Assistance Experts Register of the IMF's Monetary and Financial Systems Department. 



Economist/Consultant: Ms Sethunya Sejoe


Ms Sethunya Sejoe has degrees in economics from the University of Botswana, M.A and B.A. She is an Economist/Consultant with over four years of experience in research, data management, macroeconomic policy analysis and economic commentry. Her interests are in macroeconomic policy, international trade and finance and development policy issues.

MA dissertation tittle: Testing the Purchasing Power Parity Theory between Pula/Rand and Pula/US dollar Exchange Rates in Botswana.




Economist/Consultant: Mr Kitso Aobakwe Mokhurutshe


Mr Kitso Aobakwe Mokhurutshe holds degrees in economics from the University of Nottingham (B.Sc) and the Warwick University (M.Sc). He received the Top Achievers Scholarship from the government of Botswana in 2010 for oustanding academic achievement. At Econsult, he has worked extensively in data collection and analysis along with addressing various policy and intervension issues.