Namibia’s second quarter GDP contracted by 11.1 per cent, this was in line with market expectations despite a surge in activity in its Agriculture sector. A slew of African countries will also release GDP numbers this week with eyes on Kenya, Botswana and Mauritius. Ridle Markus, Africa Strategist, Absa Corporate and Investment Banking joins CNBC Africa for more.
Global ratings S&P has revised Botswana’s outlook to negative from stable due to the higher pressures on Botswana’s economic, external and fiscal performance over the next two years considering the covid-19 crisis and the impact on diamond exports. Ridle Markus, Africa Strategist, Absa Corporate and Investment Banking joins CNBC Africa for more.
A delay would set back President Mokgweetsi Masisi’s efforts to boost a fledgling diamond polishing and cutting industry and create jobs in a country of 2.2 million with high unemployment.
“It is unfortunately a day of shame and a sad day for our country. It has damaged our reputation as a clean democracy,” says Khama.
GABORONE, Botswana (Reuters) - Trading in shares of budget retailer Choppies resumed on the Botswana Stock Exchange (BSE) on Monday after a 20-month suspension following the company’s failure to publish...
Mauritius released its first quarter GDP numbers today, reporting a 2 per cent year on year contraction in economic activity. The weak performance in the first quarter was driven largely by contractions in agriculture, construction and wholesale and retail trade sectors. Botswana and South Africa also release GDP data this week and joining CNBC Africa for more is Ridle Markus, Africa Strategist at ABSA Corporate and Investment Banking.
GABORONE (Reuters) - Botswana issued its first licences allowing three private companies to generate their own power which will mostly be destined for export, the energy regulator said on Thursday.