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Botswana businesses cite fiscal strain and rising costs
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·Botswana Sunday Standard
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Public sector trade unions have halted a planned government meeting on leadership transformation, citing a dispute over new controls on local per diem allowances and insisting the matter be subjected to formal collective bargaining negotiations.
Public sector trade unions have halted a planned government meeting on leadership transformation, citing a dispute over new controls on local per diem allowances and insisting the matter be subjected to formal collective bargaining negotiations.
The World Bank reports that Botswana's diamond revenues, which once covered more than two years of government wages, now cover only four months, as declining revenues, widening budget deficits and delayed reforms constrain the government's fiscal position.
As cybercriminals increasingly target vulnerable members of society, Botswana's senior citizens are learning how to fight back. Mascom Wireless recently conducted a cybersecurity workshop for elderly residents of Pitsane Village to equip them with knowledge to identify and avoid online scams.
According to an African Development Bank report, Botswana's position in Africa's industrialisation rankings fell from ninth in 2010 to 15th in 2024, a decline linked to weaker manufacturing and a more specialised export base.
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.
The government has introduced new, higher visa fee charges affecting foreign travellers, investors, and business people entering Botswana for work, business, study, and tourism, in regulations signed by the Minister of Labour and Home Affairs.
Botswana's parastatals including the Botswana Meat Commission, Air Botswana, and Botswana Postal Services have failed to honour repayment obligations on government loans totalling more than P1.6 billion, with the Auditor General raising concerns over weak oversight and broken repayment agreements.
The government has amended the Penal Code by deleting provisions historically used to criminalize consensual same-sex conduct. According to Statutory Instrument No. 41 of 2026, published in the Government Gazette on March 27, the Attorney General ordered the rectification of Section 164 of the Penal Code Act by deleting paragraphs (a) and (c).