Robust growth predicted in 2008

source: Mmegi


Buoyed by several industries enjoying robust growth, Botswana’s economy is expected to grow considerably in 2008, an analyst at Investec Asset Management company has said.

Investec Fund Manager Bakang Seretse says the mining, retail, construction and banking sectors have been experiencing boom times lately, a trend likely to continue in 2008.

“Mining, in particular, is thriving, with the DTC facility expected to open soon,” Seretse says. “Construction of the Tati Mine Activox refinery and the beginning of Diamonex operations in Lerala are other factors.”

Giving a market preview for 2008 in his company’s quarterly newsletter, Benchmarking Botswana, Seretse says there are three buoys to attract investor spending this year – strong consumer spending, increased household (27.7 percent) and business credit (28 percent) and [continue reading]

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