Stanbic Bank’s Q4 economic outlook for Botswana

Botswana’s economic growth decelerated from 5.5 per cent in 2022 to 2.7 percent last year, below the long-run potential growth of 4 percent. A sharp decline in diamond trading and mining activities was the main contributor to the slowdown, as global demand for rough diamonds decreased. At the same time, Inflation has remained below the ceiling of the central bank’s medium-term objective range since July last year. CNBC Africa is joined by Kealeboga Mogodi, Head: Business & Commercial Sales, Stanbic Bank Botswana.