Botswana Banking & Financial Services Q1 2020
With our forecasts largely unchanged this quarter, we continue to hold the view that Botswana's burgeoning financialservices industry has strong growth potential, which will start to be recognized in 2020 and across the remainder of our five-yearforecast period. We point to a forecasted rebound in economic growth as key to this bullish momentum. Within this, robusthousehold demand and accommodative monetary policy should support an ongoing expansion in bank lending and total industryasset growth. The non-banking sector is largely undeveloped outside life insurance and pension funds, but efforts to deepen thecapital market should encourage expansion over the forecast period.
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