Local Currency - Winner: Republic of Botswana
Bookrunner: Standard Bank
The Republic of Botswana has enjoyed sustained and rapid growth over the last four decades, developing from a poor to an upper middle-income country. However, this rapid growth has been based largely on exploitation of diamond resources, which supply about 32% of GDP.
Conscious of the perils of overreliance on this one sector, the Botswanan government has become
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