Botswana’s bubble bursts as economic decline sets in
Too many mines, too little to show for them – that is Botswana’s problem. Diamonds, copper, nickel – all have been hard hit by falling world resource prices, and for the first time since independence, the country historically seen as one of Africa’s success stories is confronting real economic decline. By Joel Konopo for INK.
KHAMA’S ZOMBIE ECONOMY
International credit rating firm, Standard & Poor (S&P) warned this month that Botswana faces a “deteriorating outlook” in 2017, a move that suggests the dreaded downgrade from A-/A-2 sovereign credit rating could be on the horizon.
