Botswana Banking & Financial Services Q2 2020
With hold a positive outlook across the four sector's of Botswana financial services industry we track, fuelled byrebounding economic growth starting in 2020 following a softening in 2019. Robust household demand and accommodativemonetary policy should support an ongoing expansion in bank lending and total industry asset growth across our newly-extendedforecast period to 2024. Outside of banking, the insurance industry is set to continue on a growth trajectory, led by the larger lifemarket although a recent consolidation of leading players in the non-life market should also support the smaller sub-sector's owndevelopment. In the asset management industry there is room for long-term growth, led by the country's retirement funds, whilethe local BSE bourse will continue to benefit from efforts to deepen capital market liquidity.
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