Bank of Botswana Governor Lesego Moseki has warned that businesses and households should prepare for ongoing inflationary pressures as rising fuel and electricity costs, livestock movement restrictions, and global geopolitical tensions continue to push prices upward. …
Delivering the Monetary Policy Committee (MPC) statement recently, the bank’s governor, Mr Lesego Moseki attributed the decline primarily to the downward adjustment of domestic fuel prices on July 7, which shaved 2.3 percentage points off headline inflation. …
The Bank of Botswana says reducing food imports and expanding exports beyond diamonds are crucial to preserving reserves and strengthening economic resilience BONGANI MALUNGA Bank of Botswana Governor Lesego Moseki has renewed calls for Botswana to accelerate import substitution, …
Sunday Standard BoB Governor: Botswana can’t wait for diamonds to recover Bank of Botswana Governor Lesego Moseki has warned that Botswana must accelerate economic reforms rather than wait for a recovery in the diamond market, arguing that the prolonged downturn has exposed deep …
President Advocate Duma Boko (left) and Bank of Botswana Governor, Mr Lesego Moseki during the handing of the annual Bank’s 2025 Annual Report during economic briefing to cabinet in Gaborone on Monday. …
… He speaking during a courtesy call by the Bank of Botswana Governor, Mr Lesego Moseki, noting that people who voted for change wanted to see action in terms of law reform, policy reform, representation and economic transformation, among others. …
… Governor Lesego Moseki said the Monetary Policy Committee is concerned that lenders continue to increase effective lending rates by widening margins above Prime Lending Rates, despite guidance aimed at stabilising conditions in the credit market. …
Bank of Botswana Governor Lesego Moseki has warned that businesses and households should prepare for ongoing inflationary pressures from rising fuel and electricity costs, livestock movement restrictions, and global geopolitical tensions. The Monetary Policy Committee has kept the policy rate steady at 5.5 percent while headline inflation remains above the central bank's medium-term target range and economic expansion has been modest.
Bank of Botswana Governor Lesego Moseki has warned that businesses and households should prepare for ongoing inflationary pressures from rising fuel and electricity costs, livestock movement restrictions, and global geopolitical tensions. The Monetary Policy Committee has kept the policy rate steady at 5.5 percent while headline inflation remains above the central bank's medium-term target range and economic expansion has been modest.
The Bank of Botswana's Monetary Policy Committee projects inflation will remain above its target range until the first quarter of 2027, driven by persistent supply-side pressures including high fuel costs and elevated electricity tariffs. The bank forecasts inflation will average 7.9 per cent in 2026 before easing to 4.9 per cent in 2027, with upside risks stemming from potential second-round effects from fuel and tariff increases, food inflation tied to Foot and Mouth Disease restrictions, and external pressures from Middle East conflict and global trade tensions.
Vice President Ndaba Gaolathe told the Bank of Botswana's golden anniversary celebrations that the Pula's strength over the next 50 years will depend on a diversified, inclusive economy. He noted that Botswana introduced its own currency 10 years after independence and withdrew from the Rand Monetary Area, marking an act of monetary sovereignty.
The Bank of Botswana says reducing food imports and expanding exports beyond diamonds are crucial to preserving reserves and strengthening economic resilience. Governor Lesego Moseki has renewed calls for the country to accelerate import substitution, warning that heavy dependence on imported food and consumer goods is placing significant pressure on the economy.
Bank of Botswana Governor Lesego Moseki has warned that Botswana must accelerate economic reforms rather than wait for diamond market recovery, stating that the prolonged downturn has exposed structural weaknesses in the economy.
The Bank of Botswana Governor presented the bank's 2025 Annual Report during an economic briefing to cabinet in Gaborone, detailing performance outcomes, mandate, and future economic outlook while emphasizing public education in driving economic understanding.
National Assembly Speaker Dithapelo Keorapetse said public expectations are high for Parliament and government institutions to deliver on voters' demands for law reform, policy reform, representation and economic transformation. He noted that Parliament has adopted a National Development Plan and economic transformation plan, and called for democratic institutions to become more independent, well-resourced and empowered.
Commercial banks are raising effective lending rates by widening margins above Prime Lending Rates, moves the Bank of Botswana's Monetary Policy Committee says dilute its recent policy signals aimed at stabilizing credit market conditions.