Botswana Banking & Financial Services Q2 2018
Botswana is set for a sharp acceleration in GDP growth from 1.5% to 4.5% in 2018, which should boost liquidity in thebanking system, raise investment in equities and reduce the government's issuance of debt paper, freeing up the private sector toraise debt. Having struggled for much of the past two years, we believe Botswana's mining sector (centred on diamonds production)will help drive a recovery in the wider economy that will support government revenues over our short-term outlook to 2019. In linewith wider macroeconomic trends, growth in Botswana's commercial banking sector will pick up gradually over the next severalyears. Improving economic activity, low and stable inflation and rising commodity prices will spur loan and deposit growth.
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