Botswana’s rating problem is still a diamond problem
S&P’s decision to keep Botswana at BBB- with a negative outlook puts the same structural question back on the table: how quickly can the economy reduce its dependence on diamonds?
A Cabanga Africa Publication
Africa Thinks Here
On-the-ground business intelligence in Botswana and Lesotho, since July 2019.
S&P’s decision to keep Botswana at BBB- with a negative outlook puts the same structural question back on the table: how quickly can the economy reduce its dependence on diamonds?
The country’s energy debate is increasingly about how petroleum and green power coexist, not about choosing one and abandoning the other.
ExxonMobil’s selection of two Mozambican companies for the Rovuma LNG project shifts attention from the scale of gas investment to the share of capability that remains inside the domestic economy.