Botswana records first trade surplus in 20 months
Strong diamond sales in June underpinned solid national export figures for the month enabling Botswana to record its first trade surplus, P202.7 million, since October 2008, latest data from the Central Statistics Office (CSO) has shown.
October 2008 marked the onset of a 10-month recession driven largely by a 20.9 percent contraction in the mining sector, which constitutes more than a third of the Gross Domestic Product. During that period, Botswana witnessed heavy trade deficits, running into P4 billion in the first quarter of 2009, as the value of imports greatly outweighed that of exports.
However, the CSO’s recent data indicates that exports for [continue reading]