The government of Botswana says it will allow its pula currency to depreciate by 2.76% over the coming year. This is an effort to enhance the competitiveness of domestic goods and services, and also protect foreign exchange reserves, which have shrunk steadily since 2018, reaching a record low of 5.2 months' import cover in February. The Southern African country reviews its exchange rate twice a year, adjusting it upwards or downwards through a crawling band exchange rate regime under which the pula is pegged. Thami Ngubeni spoke to Obonye Galebotswe, a Senior Economics Lecturer at the University of Botswana...

<p>The government of Botswana says it will allow its pula currency to depreciate by 2.76% over the coming year. This is an effort to enhance the competitiveness of domestic goods and services, and also protect foreign exchange reserves, which have shrunk steadily since 2018, reaching a record low of 5.2 months' import cover in February. The Southern African country reviews its exchange rate twice a year, adjusting it upwards or downwards through a crawling band exchange rate regime under which the pula is pegged. Thami Ngubeni spoke to Obonye Galebotswe, a Senior Economics Lecturer at the University of Botswana...</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>