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IMF predicts Botswana’s economic growth to taper to 1% amidst diamond market downturn

Botswanaโ€™s economic expansion is projected to decelerate to a mere 1% in 2024, predominantly due to a downturn in the diamond market, as highlighted in the International Monetary Fund’s (IMF) 2024 Article IV consultation. This follows a notable decline from a robust 5.5% in 2022 to 2.7% in 2023, indicating a significant reduction in the nationโ€™s growth trajectory. The diminished demand for diamonds on the global stage has directly stifled mining activities, contributing to the...

Gold, Lithium discovered in western Botswana: A new frontier for mining

The Botswana Geoscience Institute (BGI) has announced promising results from its aeromagnetic survey studies in the western regions of Botswana, particularly in the Nossop-Ncojane area. These studies have identified the presence of critical minerals, including lithium and gold, significantly boosting the prospects for future mining ventures in the region’s sandy terrains. Initiated in April 2024, the project is slated for completion by December. It aims to conduct a high-resolution aeromagnetic survey over the remaining areas...

Maja-A-Ikgorosa programme launched to empower livestock farmers

The Minister of Entrepreneurship, Karabo Socraat Gare, officially inaugurated the Maja-A-Ikgorosa Primary Livestock Relief Programme this week in Kang, underscoring the governmentโ€™s steadfast commitment to bolstering small and medium-scale farmers throughout Botswana. This pioneering initiative aims to address enduring challenges faced by livestock producers and enhance their economic engagement through targeted interventions. In his keynote address, Gare highlighted the governmentโ€™s resolute dedication to uplifting the lives of Batswana, despite the setbacks inflicted by the COVID-19...

Former Deputy AG suggests rejected Bill could resurface post-October

Former Deputy Attorney General, Nchunga Nchunga, has cautioned the nation that the recently rejected, controversial constitutional amendment bill could reemerge in the next parliamentary session should the ruling party secure sufficient votes in October to pass it. The bill was blocked in a dramatic parliamentary session on Wednesday after the opposition walked out, and some members of the ruling Botswana Democratic Party (BDP) chose not to participate in the vote, preventing the two-thirds majority needed...