Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.

Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.


Botswana's economy recovers

03 October 2011, 17:01

Gaborone - Diamond-rich Botswana's economy rebounded in the second quarter with 9.6% growth compared to the previous three months, despite an eight-week strike by public workers, the government said Monday.

The economy had contracted by 2.2% in the first three months of the year, but a sharp increase in construction and mining powered a rebound from April to June, the Central Statistics Office said.

Compared to the second quarter of 2010, the economy grew by 12.4%.

The country's first-ever national strike by civil servants had hobbled the country for eight weeks, until the labour action was suspended on June 11. But that was offset by the strong jumps in construction and mining activity.

"The increase was mainly from construction and mining sectors, which increased by 28.3% and 23.7% respectively," it said.

Mining accounts for about 30% of Botswana's economy, but the government is pushing to diversify the economy away from exporting only rough stones.

A deal with De Beers was announced last month for the world's leading diamond company to move its rough stone sorting and trading division from London to Gaborone.

The African Development Bank predicts Botswana's economy to grow by 6.9% this year.


Tags economy

Read News24’s Comments Policy

Comment on this story
Comments have been closed for this article.

Read more from our Users

Submitted by
Wilson Ochieng
Apologise for attack on Auditor G...

Apologise for attack on Auditor General, President Uhuru Kenyatta is told by Kisumu Senator Anyang Nyong'o. Read more...

Submitted by
Wilson Ochieng
Quit if you can't fight corruptio...

An MP has told President Uhuru Kenyatta to quit office if he cannot fight corruption. Read more...

Submitted by
Wilson Ochieng
Investigate Uhuru, Ruto for corru...

Investigate President Uhuru Kenyatta and DP William Ruto's offices over corruption, CORD leader Raila Odinga has said. Read more...

Submitted by
Victor Tinto
Its a 1 horse race to State House...

Its a 1 horse race to State House, DP William Ruto has mocked the CORD Coalition. Read more...

Submitted by
Victor Tinto
Enjoy your time left in power, We...

CORD Co Principal Moses Wetangu'la has told the Jubilee Coalition to enjoy its last few months in power before it is voted out in the 2017 elections. Read more...

Submitted by
Victor Tinto
Stop hiding in State House and sa...

ODM MP's have called on President Uhuru Kenyatta to release drought aid and to stop sitting on public funds. Read more...