Latest Economic News



Annual inflation rate decreases to 2.8% in March 2018

Annual inflation rate declined to 2.8% in March 2018, from 3.2% in December 2017. Compared to March 2017, inflation rate was



Real GDP growth slows in 2017, records grwoth of 2.4%

Annual GDP growth slowed in 2017 compared to 2016, recording year-on-year growth of 2.4% down from 4.3% growth in 2016. Both



Annual inflation rate was 3.1% in January 2018

Headline inflation rate fell to 3.1% in January 2018, recording the same rate as in January 2017 and 0.1% lower than



Bank of Botswana maintains Bank Rate at 5%

The Bank of Botswana's (BoB) Monetary Policy Committe (MPC) has maintained the Bank Rate at 5% due to positive price stability



Formal sector employment decreased by 0.8% in September 2017

The recently released formal sector employment data by Statistics Botswana for September 2017 continue to show an overall decrease in the

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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.