Botswana Banking & Financial Services Q4 2018
Economic growth is set to accelerate over the coming quarters in Botswana as the country's key mining sector recoversfrom a recent slowdown. Driven by mining, growth will strengthen from 2018 onwards, averaging 4.8% over the next 10 years asglobal diamond demand and prices gradually recover. An increasing focus on capital expenditure in government budgets will offerfurther support to the country's real GDP growth. This should boost liquidity in the banking system, raise investment in equities andreduce the government's issuance of debt paper, freeing up the private sector to raise debt. In line with wider macroeconomictrends, growth in Botswana's commercial banking sector will pick up gradually over the next several years. Improving economicactivity, low and stable inflation and rising commodity prices will spur loan and deposit growth.
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