China Funds Nata-Maun Road Feasibility Study
Monday, May 27, 2019
This follows after the Minister of Finance and Economic Development, Kenneth Matambo and the ambassador of China to Botswana Zhao Yanbo signed letters of exchange for the Nata-Maun road feasibility study on Friday.
“This is not only a sign that we have a true friend in China, but it also goes a long way in demonstrating that China still very much appreciates our need for development assistance in spite of our high middle income status,” said Matambo.
While the political shift brings hope for change, it also places immense pressure on the new administration to deliver on its election promises in the face of serious economic challenges.On another level, newly appointed Finance Minister Ndaba Gaolathe’s grim assessment of the country’s finances adds urgency to the moment. The budget deficit, expected to be P8.7 billion, is now anticipated to be even higher due to underperforming diamond...