Content type

Bank Of Botswana Will Adopt More Hawkish Bias In 2024

Country Risk / Botswana / Fri 27 Oct, 2023

Key View

  • We believe that the BoB will keep its policy rate at 2.65% over the remainder of 2023, in line with the October decision to hold.
  • Inflation will remain comfortably within the BoB’s 3.0-6.0% target range over the coming months, reducing the need to tighten monetary policy before the end of 2023.
  • However, we believe that stable
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Botswanan Growth Will Pick Up Slightly In 2024

Country Risk / Botswana / Tue 03 Oct, 2023

Key View

  • We forecast that real GDP growth in Botswana will slow from 5.8% in 2022 to 4.5% in 2023, with data released by Statistics Botswana showing that the economy expanded by 3.4% y-o-y in Q223.
  • In 2024, we project that growth will pick up as consistently low inflation supports household spending, while election-related spending will
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Botswana Consumer Outlook: Easing Food And Transport Costs To Support Strong Demand Over H223 And 2024

Consumer & Retail / Botswana / Mon 14 Aug, 2023

Key View: Our outlook for consumer spending in Botswana over 2023 is positive, with downward food and transport price pressures supporting easing inflation over H223 and presenting tailwinds to spending. High unemployment, elevated interest rates and persistent income inequality will, however, present downside risks to demand, limiting spending

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Botswana Non-Life Insurance Market Overview

Insurance / Botswana / Thu 10 Aug, 2023

The non-life sector in Botswana remains more competitive than the life market due to the wider range of products on offer. Nevertheless, it remains smaller overall than the life sector, although with future economic growth we expect demand to increase across the board. As the economy expands, demand will broaden among non-life offerings

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Botswana To Narrowly Avoid Current Account Deficit In 2023

Country Risk / Botswana / Thu 13 Apr, 2023

Key View

  • We forecast that Botswana’s current account surplus will narrow from an estimated 3.6% of GDP in 2022 to just 0.1% in 2023.
  • While a moderation in global oil prices will cap the country’s import bill in 2023, falling diamond prices will weigh on export earnings.
  • However, we see few risks to Botswana’s external position, with the
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