Latest Economic News



Formal Sector Employment record a negative growth of 0.1% in Q1 2017

Formal sector employment in Botswana continued to move downwards in the first quarter of 2017. Overall formal sector employment decreased by



Inflation falls to 3.0 percent in October 2017

Headline inflation fell to 3.0% in October 2017 from 3.2% in September 2017. Inflation fell for most commodity groups of Food & Non-Alcoholic Beverages,



Bank of Botswana maintained Bank Rate at 5.5 percent

Bank of Botswana's Monetary Policy Committee (MPC) has maintained the Bank Rate at 5.5 percent at a meeting held on the



Overall unemployment rate in Botswana is estimated at 17.7%

The recent publication by Statistics Botswana, Botswana Multi-topic Household Survey 2015/16 revealed a reduction in the overall level of unemployment rate



Formal Sector Employment decrease by 0.6% in Q4 2016

According to Statistics Botswana's formal sector employment survey results, overall formal sector employment in Botswana decreased by 0.6% in the period

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Managing Director: Dr Keith Jefferis

Dr Keith Jefferis, was Deputy Governor of the Bank of Botswana (BoB) from November 1999 until March 2005, on appointment by the President of Botswana, H.E. Festus Mogae. Prior to this Dr Jefferis worked in the Research Department of the BoB; as a Senior Research Fellow at the Botswana Institute of Development Policy Analysis; and as an academic lecturing and researching in economics at universities in Botswana and the United Kingdom. He has degrees in economics from the Universities of Bristol (B.Sc) and London (M.Sc), and the Open University in the UK (Ph.D), and started his career as a professional economist by winning a Fellowship of the Overseas Development Institute (ODI), London. 

Dr Jefferis has undertaken a wide variety of research, analysis and consultancy work on economic policy issues. At the Bank of Botswana he worked extensively on the formulation and analysis of macroeconomic policy issues, especially monetary, exchange rate and fiscal policies; development of the financial system, including competition and efficiency in the banking sector, regulatory issues, broadening access to financial institutions, and payments system development; and macroeconomic data compilation and dissemination. He has also worked on stock market development, trade policy and regional integration issues, industrial policy and SMME development, poverty analysis and poverty alleviation policies, and the economic aspects of HIV/AIDS, combining both academic rigour and policy relevance. Dr Jefferis has written extensively on economic issues in Botswana and the countries of the Southern African Development Community (SADC), and has played a key role in deepening the public understanding of economic issues in through teaching, writing and public speaking. 

Dr Jefferis is a citizen of Botswana and is accredited to the Technical Assistance Experts Register of the IMF's Monetary and Financial Systems Department. 



Economist/Consultant: Ms Bogolo Kenewendo

Bogolo holds an MSc in International Economics from the University of Sussex (UK), a BA in Economics from the University of Botswana and she is a certified Project Management PRINCE 2 practitioner.

She has experience in consultancy, research and policy analysis. Her areas of expertise include: Macroeconomic policy, public debt management, trade policy, export development, trade in services, regulatory frameworks, trade related issues, trade and investment policy, industrial development policy, institutional frameworks for policy formulation, poverty alleviation, financial sector development, Economics of HIV/AIDS, climate change, sustainable development, natural resource management, private sector capacity building & development, business advocacy and project management. She is an eloquent presenter and a frequent commentator for various media houses locally and internationally. 

She is the current team leader of Molaya Kgosi Women Leadership and Mentorship Programme and an alumni of the US President's Young African Leaders Initiative. Bogolo was one of two Botswana youth delegates to the 64th & 65th Sessions of the United Nations General Assembly. As part of this responsibility she was nominated to  present a statement of African youth to the Secretary General of the United Nations, Mr Ban Ki Moon. 

She has been honored with the Ten Outstanding Young Persons (TOYP) award by JCI Botswana (2012) and the Prestigious Chevening Scholarship (2012/13).