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July 15, 2021
Mining production down 12 % IN Q1 2021 Breaking News During the first quarter of 2021, production in Botswana’s economic nucleus- the mining sector contracted by 12 percent. This is according to Mining Production Index released by Statistics Botswana this week. The country’s central data body revealed that Index of Mining production stood at 74.4 during the first quarter of 2021, showing a negative year on-year growth of 12.0 percent, from 84.6 registered during the first quarter of 2020. T...
June 2, 2021
Consumers strained, hurt by the higher prices High inflation level shattering down economy Economist cautions of disastrous times ahead BAKANG
June 1, 2021
Report highlights children’s lack of access to toilets A study on child poverty in Botswana has pointed out that sanitation remains the most common deprivation for children in the country regardless of age. At least seven out of 10 children in Botswana are deprived of sanitation, which is said to be influenced by what is […]
May 24, 2021
Inflation expected to soar Figures from the government data collecting agency, Statistics Botswana show that by January this year, the food import bill stood at P782 million. This represents 10 percent of the total value of imports for the month which was P7.2 billion. According to the data, the most imported food items during the […]
May 11, 2021
2021-05-11 12:30:17 GMT2021-05-11 20:30:17(Beijing Time) Xinhua English GABORONE, May 11 (Xinhua) -- It has become the norm among Botswana youth to graduate, get a job and immediately buy a car, even if it means securing a hefty loan. What encourages young Batswanans to quickly procure motor vehicles is the desire to escape long bus stop queues during rush hours. And the desperate need to escape congested and stuffy public minibuses prevalent in the country, that either drive dangerously...
May 4, 2021
4th May 2021 Botswana’s trade balance which has weakened in the past years, widening the trade imbalance, and causing large drawdowns from the foreign reserves, appears to be improving, driven by a recovery in the diamond industry. Figures from Statistics Botswana’s international merchandise trade statistics released on Monday was positive, with the country recording a consecutive trade surplus, a development that will aid the government to replenish its investment account that plunged by 8...
April 28, 2021
GABORONE, Botswana — Faced with declining demand for its diamonds, Botswana, Africa’s top producer of the gems, is recording modest success in its attempts to diversify the economy and reduce reliance on the minerals. Demand for the gems has been reducing over the years, a situation that has worsened during the COVID-19 pandemic—which also severely affected the tourism sector, the country’s second-biggest revenue earner. The latest figures from Statistics Botswana for January indicate ...
April 28, 2021
Botswana Searches For ‘New Diamonds’ To Diversify Economy Botswana Searches For ‘New Diamonds’ To Diversify Economy Comments Off on Botswana Searches For ‘New Diamonds’ To Diversify Economy GABORONE, Botswana — Faced with declining demand for its diamonds, Botswana, Africa’s top producer of the gems, is recording modest success in its attempts to diversify the economy and reduce reliance on the minerals. Demand for the gems has been reducing over the years, a situation that has...
April 27, 2021
INFLATION UP: Fuel increase by 1.3 percent The latest figures from Statistics Botswana have shown that in March, a month before Value Added Tax (VAT) increment kicked in, inflation had increased to 3.2 percent. According to the data, the main contributors to the increase were housing, water, electricity, gas, and other fuels which recorded an increase of 1.3 percent. Food, non-alcoholic beverages, and transport increased by 0.5 percent and 0.4 percent respectively. The comparison of infl...
April 20, 2021
15,000 job losses in 2020 A total of 52,850 people were employed from 2015 to 2019, taking employment figures from 698,528 to 742,378. The Minister of Finance and Economic Development, Dr Thapelo Matsheka revealed this in parliament on Tuesday this week. Matsheka was answering a question from Kanye North Member of Parliament (MP), Thapelo Letsholo, who wanted the minister to appraise the House on the country’s economic growth over the last three years and projections over the next three years...