Botswana’s economic rebound fails to revive household spending
By the AFREEQUE newsroom, based on Sunday Standard
Illustrative image · Greta Hoffman · Pexels · Licence PexelsBotswana’s economic growth rebound has not translated into higher household spending, according to consultancy Econsult. Its analysis highlights a gap between improving economic activity and household consumption, reports the Sunday Standard.
Botswana’s economy is expected to grow by 3.3% in 2026, according to forecasts by consultancy Econsult in its third-quarter review. However, this growth is not enough to revive household spending, which is under pressure from persistent economic difficulties, reports the Sunday Standard.
Econsult says the recovery remains exposed to Botswana’s dependence on diamond production and the weakening activity of the private sector. The consultancy also reports growing pressure on households, as the country seeks investment in sectors other than diamonds.
The 3.3% forecast would represent Botswana’s strongest annual growth in several years, according to Econsult. It comes after diamond sales by Okavango Diamond Company, which sold stones worth 3.3 billion pula in nine months.
The analysis comes after Botswana sought Chinese investment beyond diamonds, announced on 19 October, and the sales by Okavango Diamond Company published on the same day.
