Over a month ago, the government of Botswana adjusted the value of the national currency, the Pula, in response to growing economic pressures. The currency devaluation came amid a slump in diamond export revenues, Botswana's primary source of foreign exchange. The global downturn in diamond sales has heightened pressure on the Pula, which the government had been supporting through reserves. At the time, the country's Minister of Finance, Ndaba Gaolathe, cautioned businesses not to exploit the currency adjustment to raise prices unnecessarily. Thami Ngubeni spoke to Channel Africa's Correspondent in Botswana, Shingirai Madondo...

<p>Over a month ago, the government of Botswana adjusted the value of the national currency, the Pula, in response to growing economic pressures. The currency devaluation came amid a slump in diamond export revenues, Botswana's primary source of foreign exchange. The global downturn in diamond sales has heightened pressure on the Pula, which the government had been supporting through reserves. At the time, the country's Minister of Finance, Ndaba Gaolathe, cautioned businesses not to exploit the currency adjustment to raise prices unnecessarily. Thami Ngubeni spoke to Channel Africa's Correspondent in Botswana, Shingirai Madondo...</p>

In-depth financial issues, profiling of African businesses doing well internationally, stocks & market updates.

<p>In-depth financial issues, profiling of African businesses doing well internationally, stocks &amp; market updates.</p>