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Business

Botswana downgrade adds pressure to diamond economy

omandailynews.comMarch 16, 2026March 17, 2026
March 16, 2026March 17, 2026
GABORONE: Botswana is facing renewed pressure on its diamond-driven economy after S&P Global Ratings lowered the country’s long-term sovereign rating to BBB- from BBB and its short-term rating to A-3 from A-2, while keeping a negative outlook. The cut leaves Botswana at...
AfricaBank of BotswanaBotswanaBotswana credit ratingBotswana economyBotswana finance ministrycontent syndication servicescryptowireDe BeersDebswanadiamond demanddiamond exportsdiamond industryeconomic growtheurowirefiscal deficitforeign exchange reservesInternational Monetary Fundinvestment grademena newswiremineral revenuenatural diamondsOkavango Diamond Companypublic debtreserve coverrough diamond markets&p global ratingssovereign credit rating

Latest News

Thani Al Zeyoudi highlights trade growth during high level UAE meeting

omandailynews.comSeptember 28, 2026

UAE President and Uzbek official discuss bilateral relations

omandailynews.comSeptember 28, 2026

UAE GDP projected to rise 5 percent according to...

omandailynews.comSeptember 26, 2026

Asia-Pacific growth outlook lifted to 5% for 2026

omandailynews.comSeptember 24, 2026September 25, 2026

UAE joins Trump meeting on Middle East security in...

omandailynews.comSeptember 23, 2026September 24, 2026

Egypt overseas transfers total $29.7 billion through July

omandailynews.comSeptember 22, 2026September 23, 2026

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