{"id":62182,"date":"2025-01-19T06:48:32","date_gmt":"2025-01-19T06:48:32","guid":{"rendered":"https:\/\/www.africa-press.net\/botswana\/all-news\/botswana-expects-2025-economic-growth-rebound-on-better-diamond-market"},"modified":"2025-01-21T13:50:17","modified_gmt":"2025-01-21T13:50:17","slug":"botswana-expects-2025-economic-growth-rebound-on-better-diamond-market","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/botswana\/all-news\/botswana-expects-2025-economic-growth-rebound-on-better-diamond-market","title":{"rendered":"Botswana Expects 2025 Economic Growth Rebound on Better Diamond Market"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Botswana. <\/strong><\/span><b>Botswana\u2019s economy is expected to grow 3% to 4% in 2025 after a contraction last year, a senior government official said at a budget workshop on Friday, as the global diamond market is anticipated to recover.<\/b><\/p>\n<p>The Southern African country\u2019s economy shrunk 3.3% in the first three quarters of 2024, raising government expectation of a bigger contraction than the 1.7% forecast in December. An updated contraction estimate was not given.<\/p>\n<p>\u201cThe domestic economy is anticipated to rebound in 2025 to a growth of 3-4%, reflecting a combination of base effects, the global recovery in the major diamond export markets and continued growth in the non-mining sector,\u201d director of macroeconomic policy in the finance ministry, Walter Matekane, said.<\/p>\n<p>Botswana\u2019s economy is largely dependent on the export of diamonds, and declining earnings from the precious stone have limited government spending.<\/p>\n<p>Diamond sales remained weak throughout 2024 and Debswana, a joint venture between Botswana and De Beers, lowered its production guidance for last year by about 6 million carats to 17.9 million carats.<\/p>\n<p>Botswana expects a recovery in mineral revenues to narrow the budget deficit to 3.6% of gross domestic product (GDP) in 2025\/26 from 6.75% of GDP forecast for the 2024\/2025 fiscal year, a presentation by Matekane showed.<\/p>\n<p>Botswana\u2019s finance minister Ndaba Gaolathe is expected to deliver the 2025\/26 national budget in February.<\/p>\n<p><strong>For More News And Analysis About <span style=\"color: #ff6600\">Botswana<\/span> Follow <span style=\"color: #ff6600\">Africa-Press<\/span><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Botswana. Botswana\u2019s economy is expected to grow 3% to 4% in 2025 after a contraction last year, a senior government official said at a budget workshop on Friday, as the global diamond market is anticipated to recover. The Southern African country\u2019s economy shrunk 3.3% in the first three quarters of 2024, raising government [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":62181,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,7,12],"tags":[234],"class_list":["post-62182","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-head-lines","category-policy","tag-botswana"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Botswana Expects 2025 Economic Growth Rebound on Better Diamond Market - Botswana<\/title>\n<meta name=\"description\" content=\"Botswana\u2019s economy is expected to grow 3% to 4% in 2025 after a contraction last year, a senior government official s ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/botswana\/all-news\/botswana-expects-2025-economic-growth-rebound-on-better-diamond-market\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Botswana Expects 2025 Economic Growth Rebound on Better Diamond Market\" \/>\n<meta property=\"og:description\" content=\"Botswana\u2019s economy is expected to grow 3% to 4% in 2025 after a contraction last year, a senior government official s ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/botswana\/all-news\/botswana-expects-2025-economic-growth-rebound-on-better-diamond-market\" \/>\n<meta property=\"og:site_name\" content=\"Botswana\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2025-01-19T06:48:32+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-01-21T13:50:17+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/botswana\/sites\/38\/2025\/01\/sm_1737258265.402496.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/botswana-expects-2025-economic-growth-rebound-on-better-diamond-market#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/botswana-expects-2025-economic-growth-rebound-on-better-diamond-market\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/botswana\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Botswana Expects 2025 Economic Growth Rebound on Better Diamond Market\",\"datePublished\":\"2025-01-19T06:48:32+00:00\",\"dateModified\":\"2025-01-21T13:50:17+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/botswana-expects-2025-economic-growth-rebound-on-better-diamond-market\"},\"wordCount\":231,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/botswana-expects-2025-economic-growth-rebound-on-better-diamond-market#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/botswana\/sites\/38\/2025\/01\/sm_1737258265.402496.jpg\",\"keywords\":[\"Botswana\"],\"articleSection\":[\"all news\",\"head lines\",\"policy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/botswana\/all-news\/botswana-expects-2025-economic-growth-rebound-on-better-diamond-market#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/botswana-expects-2025-economic-growth-rebound-on-better-diamond-market\",\"url\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/botswana-expects-2025-economic-growth-rebound-on-better-diamond-market\",\"name\":\"Botswana Expects 2025 Economic Growth Rebound on Better Diamond Market - 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