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Market
Botswana unemployment rate decreases by more than 2% by end of 2025?
3
Resolution / Starting Odds
Yes • 50%
No • 50%
Official unemployment statistics released by Botswana's national statistics office
Story
Botswana's BDP Ousted After 58 Years as Opposition Secures Majority; President Masisi Concedes
Oct 31, 2024, 10:20 PM
Botswana's ruling Botswana Democratic Party (BDP) has lost its grip on power after nearly six decades of uninterrupted rule since the country's independence in 1966. Preliminary election results from the general election held on Wednesday indicate that the BDP has lost almost all its seats, with opposition parties securing a majority in parliament. President Mokgweetsi Masisi has conceded defeat, acknowledging he has lost his re-election bid, and announced he will step aside. The election marks a significant political shift in the diamond-rich southern African nation, ending the BDP's 58-year dominance amid growing concerns over unemployment and corruption. The African Union Election Observation Mission monitored the polls, and the peaceful transition is seen as a positive sign for democracy in the region.
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