Botswana’s Serowe CBM Project: A Strategic Analysis of Market Entry

Botswana’s Serowe CBM Project: A Strategic Analysis of Market Entry COBELA STIK 1.0 The Global CBM Landscape and Botswana’s Emerging Role The global Coal Bed Methane (CBM) market is undergoing a period of sustained expansion, driven by regulatory pressures and technological maturity. Amid this established global arena, Botswana’s Serowe CBM project emerges as a significant frontier initiative, representing the nation’s most structured attempt at commercialisation after two decades of industry-wide delays. This analysis dissects the...

Botswana to spend P2 billion on power imports in six-month span

The Botswana government is set to allocate approximately P2.32 billion towards power imports for the six-month period spanning October 2025 to March 31, 2026. This expenditure reflects the ongoing challenges local power generation faces in meeting the country’s escalating electricity demand. The Ministry of Finance has officially confirmed this forecasted outlay on power imports for the latter half of the 2025/2026 fiscal year. Notably, the first half of the financial year also saw substantial spending...

Diamond oversupply poses threat to Botswana’s economic stability

Botswana’s economy, heavily reliant on diamonds, is confronting mounting challenges as a global surplus, depressed prices, and escalating competition from lab-grown alternatives undermine demand and fiscal outlooks. The government has cautioned that the burgeoning diamond inventory may exert considerable pressure on economic growth, public revenues, and overall macroeconomic stability in the foreseeable future. The Ministry of Finance’s 2026/27 Budget Strategy Paper reveals that Botswana’s diamond stockpile reached approximately 12 million carats by the end of...

Revised policy set to boost Botswana’s foreign exchange reserves

   Botswana is poised to see a substantial expansion in its foreign exchange reserves this year, following the government’s strategic refinement of its exchange rate policy, a move that delivered encouraging results in 2025. Last year, the Ministry of Finance and the Bank of Botswana recalibrated the Pula’s currency basket weights, adjusting them to an equal split of 50 percent each between the South African rand and the IMF’s Special Drawing Rights (SDR). This marked...

Global Risks 2026-2036: The age of competition

  As 2026 dawns, the world stands at an inflection point, teetering between old certainties and a new era defined by fierce rivalry and fragmenting alliances. The familiar frameworks that once held the global order together are in retreat, challenged by a volatile mix of kinetic conflicts, economic weaponization, and technological upheaval. This emerging landscape is best described as an Age of Competition, where nations deploy trade restrictions, sanctions, and supply chain control as instruments...

Tsodilo reports rare earth and critical mineral discovery

  Tsodilo Resources Limited has just announced a discovery that could reshape the landscape of global critical mineral supply, a massive polymetallic and rare earth mineral deposit in northwest Botswana. The company’s Gcwihaba Metals Project, wholly owned and situated in a region previously overlooked for such riches, has yielded rock samples with some of the highest-grade rare earth elements (REE) ever recorded in the area. This breakthrough comes at a moment when the world is...

Global economy resilient amid trade uncertainty

  Yet one in four emerging markets still trailing pre-pandemic income levels Despite ongoing trade frictions and policy unpredictability, the global economy is exhibiting greater resilience than many anticipated, the World Bank’s latest Global Economic Prospects report reveals. Projected global GDP growth is set to hold broadly steady over the next two years, moderating slightly to 2.6% in 2026 before edging up to 2.7% in 2027, revised upward from the mid-2025 forecast.   This unexpected...

From Diamond boom to Fiscal Strain

  Botswana’s diamond-driven prosperity shows signs of erosion Sluggish growth and expanding deficits raise fiscal concerns Botswana’s economy is navigating one of its most formidable challenges in recent memory, as subdued diamond markets, decelerating growth, and mounting fiscal pressures converge to strain public finances, according to the latest Budget Strategy Paper and the February 2025 Monetary Policy Statement. While global economic expansion remains relatively stable, domestic conditions have deteriorated markedly, compelling the government to increasingly...

Botswana’s banking fees are back under consumer microscope

  As 2026 unfolds, Botswana’s commercial banking sector finds itself under intensified scrutiny amid a notable rise in non-interest income, spotlighting the escalating financial burden on households and small enterprises. Despite the central bank’s assurances that local banking fees remain competitive within the regional context, the sector’s heavy reliance on transactional charges is increasingly viewed as a barrier to broader financial inclusion. This conversation has gained momentum with the Competition and Consumer Authority (CCA) ramping...

New austerity measures aim to strengthen fiscal health

  Botswana’s government is poised to implement additional austerity measures in the 2026/2027 financial year, commencing on April 1, 2026. These measures are designed to reallocate government expenditure away from consumption and toward investment, thereby enhancing public financial management and supporting sustainable economic growth.   During the first half of the 2025/2026 financial year, ending in March 2026, Botswana recorded a significantly reduced budget deficit, reflecting the positive impact of austerity policies focused on curbing...