Finance minister Ndaba Gaolathe echoes calls to diversify the economy away from precious stones

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Botswana forecasts 3.3% growth in 2025 on diamond market recovery

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10 February 2025 Botswana’s economy is forecast to grow 3.3% this year after a contraction in 2024, due to an…

Your Botswana

Botswana sees 3.3% growth in 2025 amid upturn in diamond market – YourBotswana

By Reuters Botswana’s economy is forecast to grow by 3.3% in 2025 due to an expected recovery in the global diamond market, Finance Minister Ndaba Gaolathe said on Monday. Botswana’s economy is estimated to have shrunk by 3.1% last year, Gaolathe said in a budget speech, which is a bigger contraction than the 1.7% forecast in December by the government. “This growth outlook is premised on recovery of the diamond industry, which is expected in th…

insidepolitic.co.za

Botswana's economy forecast to grow 3.3% in 2025, finance minister says

BOTSWANA is pinning hopes for a recovery in the economy on the diamond sector, according to a report by Reuters. It cited Botswana finance minister Ndaba Gaolathe as saying in a budget speech that the country’s economy would grow 3.3% this year after a contraction in 2024. “This growth outlook is premised on recovery of the diamond industry, which is expected in the latter part of 2025, and continued positive sentiment in the non-diamond mining …

Botswana forecasts 3.3% growth in 2025 on diamond market recovery

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