Botswana
World Bank cuts Sub-Saharan Africa growth forecast as energy shock bites
The World Bank warns that higher energy costs and weaker external demand stemming from the Middle East conflict are outweighing the benefits of structural reforms, stronger commodities prices
Botswana signs $2bn deal with Dubai firm Albaddad Group for new mixed-use city
Albaddad Group's planned New Botswana City development is expected to rank among the largest foreign direct investment projects in the African country's history.
Botswana in talks to take 30% stake in Angola’s $6.6bn Lobito oil refinery
If Gaborone secures a 30% stake in the Angolan refinery, its proportional share would equate to around 60,000 bpd of refining capacity, roughly twice Botswana's current level of consumption.
Botswana FinMin seeks approval to lift borrowing powers to 60% of GDP amid diamond revenue drop
Botswana’s finance minister wants to lift the government’s statutory debt ceiling to 60% of GDP from 40% due to public finances being increasingly constrained amid a downturn in diamond prices.
Frontier markets fall short of promise as investment stalls, World Bank says
Frontier economies have seen a sharp slowdown in investment growth and an increase in fiscal and financial vulnerabilities.