Southern Africa

Share your love

Botswana President Duma Boko Affirms Private Sector-Led Economic Transition Amid Diamond Downturn. GABORONE, Botswana - President Advocate Duma Boko reiterated the Botswana government's commitment to

Botswana President Duma Boko Affirms Private Sector-Led Economic Transition Amid Diamond Downturn

GABORONE, Botswana - President Advocate Duma Boko reiterated the Botswana government's commitment to shifting its economy from public to private sector leadership. This strategic move aims to diversify national revenue streams beyond traditional diamond dependence, especially amidst a declining global diamond market. The administration reported significant gains in national savings and revenue collection since 2024, alongside new initiatives in manufacturing and agriculture.

Botswana President Boko Urges Transformative Leadership for Economic Turnaround. Gaborone, Botswana - President Advocate Duma Boko has called upon Botswana's accounting officers to implement transform

Botswana President Boko Urges Transformative Leadership for Economic Turnaround

Gaborone, Botswana - President Advocate Duma Boko has called upon Botswana's accounting officers to implement transformative leadership and bold strategies aimed at revitalizing the nation's economy. Speaking at a cabinet meeting, President Boko emphasized the critical need for government reform, accountability, and the self-sustenance of State-Owned Enterprises to combat economic challenges and corruption.

Botswana Secures €110 Million BADEA Loan for Industrial Growth and Agricultural Research. Botswana has secured a €110 million loan from the Arab Bank for Economic Development in Africa (BADEA) for the

Botswana Secures €110 Million BADEA Loan for Industrial Growth and Agricultural Research

Botswana has secured a €110 million loan from the Arab Bank for Economic Development in Africa (BADEA) for the Botswana Development Corporation (BDC) to support industrial expansion and job creation. An additional €500,000 grant will fund agricultural research at the Botswana University of Agriculture and Natural Resources (BUAN), aligning with the nation's economic diversification strategy.

Botswana's Economy Returns to Growth in Q1 2026 Amid Uneven Recovery. Gaborone, Botswana's economy recorded growth in the first quarter of 2026, ending a two-year contraction driven by a reb

Botswana’s Economy Returns to Growth in Q1 2026 Amid Uneven Recovery

Gaborone, Botswana's economy recorded growth in the first quarter of 2026, ending a two-year contraction driven by a rebound in diamond-related activities and increased electricity production. However, the recovery remains uneven, marked by weak household spending, subdued investment, and a significant decline in exports, according to data from Statistics Botswana.