Category Archives: Botswana News

Botswana News

Botswana: Positive prospects for the diamond sector could lead to somewhat higher rates of GDP growth in 2017-19

IMF Staff Concludes 2017 Article IV Visit to Botswana

  • Positive prospects for the diamond sector could lead to somewhat higher rates of GDP growth in 2017-19. Fiscal projections envisage moderate deficits this year and the next, with surpluses thereafter.
  • Tax revenue reforms need to be accelerated to protect public finances against any adverse developments and maintain the country’s track record of sound fiscal management.
  • The inflation rate remained low, close to the lower band of the Bank of Botswana’s inflation objective range of 3–6 percent.

A team from the International Monetary Fund (IMF) led by Enrique Gelbard visited Gaborone from May 1-16 for discussions on the 2017 Article IV Consultation with Botswana. The discussions covered recent developments and prospects and focused on policies to support continued economic stability and promote inclusive growth. At the end of the visit, Mr. Gelbard issued the following statement: read more

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Le Botswana, destination d’investissement la plus attrayante d’Afrique

Selon l’index, le Botswana se démarque par divers facteurs, dont la meilleure cote de crédit, la balance des comptes courants, la couverture de l’importation et la facilité des affaires read more

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Botswana Most Attractive Investment Destination in Africa

According to the Index, Botswana scores highly based on a range of factors that include improved credit rating, current account ratio, import cover and ease of doing business read more

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Tax Inspectors Without Borders announces new South-South partnership between Kenya and Botswana

Tax officials from Kenya and Botswana have agreed to a landmark tax assistance project that marks the first South-South cooperation pact under the Tax Inspectors Without Borders programme. read more

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Intra-African services industry a growing reality

Botswana multi-national delivers world-leading safari product across Africa read more

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Public interest factors in merger control are creating uncertainty for investors in Africa

Xolani Nyali, senior associate, Competition & Regulatory Practice, Bowmans read more

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Botswana retains internet calling services

Botswana says it will not ban the use of free Internet calling services which is slowly dominating the local market,  Deputy Permanent Secretary (ICT) in the Ministry of Transport and Communications disclosed this week. read more

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Six African Countries Granted Duty-Free Access to EU Markets

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Africa trade sector has received good news – especially for manufacturers and traders in South Africa, Namibia, Mozambique, Botswana, Swaziland and Lesotho. On 14th September, 2016, the European Parliament The approved an agreement which grants access for the EU countries to receive products from the above listed countries on a duty-free basis. What this means is that, Namibia, Mozambique, Botswana, Swaziland and Lesotho have been offered duty-free access to EU markets while South Africa is also listed to have an improved market access. read more

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Deep shafts bleed copper nickel mine

A Copper and Nickel mine in Diamond rich country, Botswana, Bamangwato Concession Limited (BCL) is staggering under heavy debt of approximately P1 billion (US$100 million), sending shivers that if the entity closes down the small town of Selebe Phikwe will close down and unemployment statistics shoot up, it has come to light this week when Botswana President visited the mine. read more

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