Economy in Botswana

  • Africa’s economic growth is likely to be slower in the intervening years

    BOTSWANA, 2016/05/12 Africa’s economic increase is likely to be slower in the intervening years than in the before decade, according to the new rating by Ernst & Young using a barometer to gauge the level of appeal and success.“The baseline projection of the International Monetary Fund (IMF) for 2016 is presently reduced to 3%, while it was estimated at 6.1% in April 2015″, Ernst & Young points out in its rating.
  • Global growth will be disappointing in 2016: IMF's Lagarde

    AFGHANISTAN, 2016/01/02 World economic increase will be disappointing next year and the outlook for the medium-term has as well deteriorated, the chief of the International Monetary Fund said in a guest article for German newspaper Handelsblatt published on Wednesday. IMF Managing Director Christine Lagarde said the prospect of rising interest rates in the United States and an economic slowdown in China were contributing to uncertainty and a higher risk of economic vulnerability worldwide. Added to that, increase in world trade has slowed considerably and a decline in raw material prices is posing problems for economies based on these, while the financial sector in a lot of nations still has weaknesses and financial risks are rising in emerging markets, she said.
  • SADC to cut down on reliance on donor funding

    BOTSWANA, 2015/08/18 Ministers of the Southern African Development Community (SADC) have described the regional body’s dependence on foreign funding as a “profound weakness” and have called for alternatives. Zimbabwean foreign minister Simbarashe Mumbengegwi told a conference of the SADC council of ministers over the weekend in Gaborone that “as long as we are unable to fund our own organisation, the next of our programmes and activities will remain uncertain and SADC will not be all ours”. Additional than half of SADC’s $79 million annual budget this year came from donors.
  • Revised IMF forecasts signal gloom on global economic outlook

    AFGHANISTAN, 2015/01/20 Low oil prices will not provide a sufficient updraught to dispel the clouds hanging over the world economy, the International Monetary Fund said on Tuesday. In a sign of its increasing gloom about the medium term economic outlook, the IMF cut its world economic increase forecasts by 0.3 % points for both 2015 and 2016, despite believing cheaper oil represents a “shot in the arm”.
  • Economic Commission for Africa (UNECA)

    BOTSWANA, 2013/06/17  Urgent interventions are needed to overcome the short and long term constraints militating against the evolution that could have been recorded in the 'Aid for Trade (AfT)' in African initiative despite the fact that it is starting to show results. This is according to a statement from the Addis Ababa-based United Nations Economic Commission for Africa (UNECA) The statement observed that in spite of the identified constraints AfT was starting to show results. 'Since the AfT Initiative was launched in the Hong Kong Ministerial Conference in 2005, Africa has received technical and financial assistance for trade-related activities. In addition, AfT funding has been kept and priority areas and categories identified by beneficiaries are being targeted.
  • Continent Registers Growth Despite Global Meltdown

    BOTSWANA, 2013/04/27 Economic increase in Sub-Saharan Africa is likely to reach additional than 5 % on average in 2013-2015 as a result of high commodity prices worldwide and strong consumer spending on the continent, ensuring that the region remains amongst the fastest growing in the world -- according to the World Bank’s new Africa’s Pulse, a twice-yearly analysis of the issues shaping Africa’s economic prospects.
  • Botswana looking to move away from dependence on diamonds 2012-07-10

    BOTSWANA, 2012/07/10 Botswana is desperate to end overreliance on mining following threats of diminishing diamond reserves. Minister of Minerals, Energy and Water Resources, Ponatshego Kedikilwe, said the country was “heavily dependent on a single and finite commodity – diamonds”.