Moody’s flags dominant public sector, weak private sector

Moody’s has raised concerns about Botswana’s private sector, describing it as “uncompetitive and subject to distortions.”

This characterisation stems from the growing influence of the public sector and the inefficiencies plaguing state-owned enterprises within the nation. As Botswana grapples with this challenge, questions are being raised about the future of its economic landscape.

As a result, Moody’s says Botswana’s economy remains exposed to developments in the volatile mining sector, notably to global diamond demand.  Real GDP contracted 8.7 percent in 2020 due to a pandemic-induced collapse in diamond sales, followed by