Also known as: Vice President Mr Ndaba Gaolathe · Vice President · Mr Gaolathe · Acting President Ndaba Gaolathe · Acting President · Vice President Ndaba Gaolathe · Minister of Finance Ndaba Gaolathe · Mr Ndaba Gaolathe · Vice President and Minister of Finance Ndaba Gaolathe · Vice President Gaolathe · Mr. Gaolathe
Vice President and Minister of Finance defending government economic reforms and diversification strategy beyond diamond reliance.
Vice President and Alliance for Progressives (AP) party leader, Mr Ndaba Gaolathe has assured Batswana that government decisions are guided by the welfare of citizens, saying no policy is taken with the intent to disadvantage the people. Speaking at the AP leadership retreat in …
… Speaking at the second meeting of BADEA’s Board of Directors in Gaborone, Vice President and Minister of Finance, Mr Ndaba Gaolathe said the funding came at a crucial time when the global economy was experiencing tight fiscal conditions. …
… To accelerate economic recovery and ease reliance on diamonds, the Vice President Mr Ndaba Gaolathe revealed during the Cabinet Economic Committee that one such reform was the undertaking of the national fund of funds initiative. …
Vice President Ndaba Gaolathe took center stage on June 29, 2026, at the Future of Mining Summit, a pivotal gathering for the global mining industry held in Botswana. …
… Among those in attendance were Vice President Ndaba Gaolathe, former president Dr Mokgweetsi Masisi and his wife Neo, former vice president Slumber Tsogwane, Leader of the Opposition, Mr Dumelang Saleshando and wife, Dineo as well as Speaker of the National Assembly Mr Dithapelo …
otswana is well positioned to become a trusted destination for value addition, industrial development and long-term investment, Vice President Ndaba Gaolathe has said. …
… Vice President and Minister of Finance, Mr Ndaba Gaolathe and Minister of Trade and Entrepreneurship, Mr Tiroeaone Ntsima will also attend the summit. …
… the shift carried a notable significance and reinforced the importance of broadening the economic base, deepening productivity, and creating new sources of growth alongside the industries that had served the country well, Vice President and Minister of Finance, Mr Ndaba Gaolathe …
The Korean Economic Institute of America has supported Botswana in a trade conflict, noting that Botswana faces a 37% US tariff on its diamond exports while imposing only 2.03% tariffs on US imports. The analysis, provided by a South Korean commercial lobby, characterizes the US tariff as part of an effort to drive bilateral trade deficits to zero.
The Korean Economic Institute of America has supported Botswana in a trade conflict, noting that Botswana faces a 37% US tariff on its diamond exports while imposing only 2.03% tariffs on US imports. The analysis, provided by a South Korean commercial lobby, characterizes the US tariff as part of an effort to drive bilateral trade deficits to zero.
Vice President Ndaba Gaolathe said government decisions are guided by citizen welfare and that without intervention, the currency would have lost value and the economy could have collapsed. He noted foreign reserves stand at around P50 billion and cited projections that reserves could fall to zero by June 2026 without action.
Government has backed a loan and grant agreement with the Arab Bank for Economic Development in Africa worth €110 million (P1.713 billion) to the Botswana Development Corporation to support industrial growth and employment, plus a €500,000 grant to Botswana University of Agriculture and Natural Resources for agricultural research.
The government has developed reforms to stabilise the economy and reduce reliance on diamonds, including a national fund of funds initiative that will mobilise capital from government and local institutions to provide equity and venture debt to local businesses and emerging sectors like creative and digital industries.
Vice President Ndaba Gaolathe addressed the Future of Mining Summit in Botswana on June 29, 2026, presenting a roadmap that links resource development to industrial diversification and environmental stewardship, emphasizing that mining must extend beyond extraction to foster diversified economies and resilient communities.
President Duma Boko, speaking at Sir Seretse Khama Day commemoration, called on Batswana to draw inspiration from the founding president's vision, humility and commitment to democracy, describing his policies on non-racialism, education, economic management and political tolerance as foundational to modern Botswana.
Vice President Ndaba Gaolathe said Botswana aims to become a trusted destination for value addition and industrial development, moving beyond raw mineral supply to processing, manufacturing and downstream industries. He cited the country's political stability, strong institutions and macroeconomic management as advantages in attracting investment in critical minerals like copper, nickel and manganese.
President Advocate Duma Boko is attending the 9th Summit of Heads of State and Government of the Southern African Customs Union in Cape Town from Wednesday to Friday, where leaders of the five SACU member states are deliberating on measures to deepen economic integration, enhance intra-regional trade and strengthen industrial development.
The Botswana Insurance Company held its 4th Annual Thought Leadership Conference under the theme "From Resilience to Transformation." Vice President and Minister of Finance Ndaba Gaolathe commended BIC for creating a platform where financial and insurance institutions plan for the financial services industry's future and noted the importance of broadening Botswana's economic base beyond diamonds.
Vice President Ndaba Gaolathe said at the AviaDev Africa conference opening in Gaborone that air connectivity is central to Botswana's economic diversification under the Botswana Economic Transformation Plan and participation in the African Continental Free Trade Agreement, with the country aiming to position itself as a regional transport hub and trade corridor.
Vice President and Finance Minister Ndaba Gaolathe's budget is facing a second straight crisis of confidence, with international institutions again projecting economic growth well below treasury forecasts, prompting questions about whether government budgeting is based on optimism rather than economic reality.
Minister for State President, Defence and Security Moeti Mohwasa has dismissed claims that a long-term political scheme aims to position him as the future Vice President, saying the claims are meant to divide the UDC.
Musician and attorney Nchunga Nchunga has released "Re tla mo gopola" (We will remember him), a tribute single to the late former president Dr Festus Mogae, recorded in Setswana, Herero, Ndebele, English and Sesubiya. Nchunga said he composed the song to celebrate Mogae's legacy, particularly his leadership in the fight against HIV/AIDS, and released it before the burial so Batswana could enjoy it as they celebrated the former president's life.
A new report argues that government spending cuts risk worsening inequality at a time when demand for healthcare and elder care is rising, according to a report cited following austerity measures announced by Minister of Finance Ndaba Gaolathe.
Vice President Ndaba Gaolathe said Botswana must reset its financial integrity systems to address weaknesses in anti-money laundering and counter-terrorism financing frameworks that threaten the country's global financial reputation. He warned that Botswana's historically strong governance record had weakened through gradual erosion of standards, citing international assessments showing regulatory gaps.
Hundreds of Batswana lined up at Parliament Building on Wednesday to pay their last respects to former President Dr Festus Mogae, whose body lay in state. Acting President Ndaba Gaolathe, Mogae's widow Barbara, and other dignitaries were among those who paid their respects.
Botswana and Rwanda have signed a Double Taxation Avoidance Agreement to eliminate double taxation on income earned in both countries and deepen economic ties. Officials say the pact will attract foreign direct investment and ease cross-border business expansion, though concerns remain about potential revenue losses and tax avoidance risks.
Acting President Ndaba Gaolathe and other senior leaders signed the book of condolences for former President Dr Festus Mogae at Parliament, as the nation mourns the statesman who is remembered for his contributions to Botswana's economic growth, democratic governance and international stability. Dr Mogae died on May 8 and will be laid to rest on May 16.
More than 500 current and former Botswana Defence Force members were honoured on Thursday during the 49th Medal Awards Parade for outstanding service and conduct. A total of 528 personnel received medals across five categories: 134 with the Duty Code Order, 297 with the Pearl Jubilee Medal, 84 with the Distinguished Service Medal, and 13 with the Foreign Service Medal.
Botswana's national athletics relays team won the 4 x 400m gold at the Debswana World Athletics Relays Gaborone 26, held at the National Stadium where the country's independence was declared in 1966. The victory united the nation across different backgrounds, with Vice President and Minister of Finance Ndaba Gaolathe among the celebrating fans.