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De Beers and government on Friday agreed to extend their sales arrangement which covers the marketing of stones from Debswana, by another 10 years, while also extending mining leases in the country by another 25 years from when they expire in 2029....

What does Las Vegas export? Simple question, no?OK, what does Botswana export? Even simpler right? Here, one can list copper, salt, gold and the world-famous diamonds – the shiny stones first spotted in the Motloutse River in 1959.Going by that...

The Norwegian firm won a highly contested tender for the contract in August 2021 and has since been mobilising funding to the tune of $49 million (P658m) required for the plant, which will be the country’s single largest renewable project to...

The BURS will collect the National Petroleum Fund (NPF), the Road Levy Fund and the Security of Supply Margin, on top of the fuel levy which it already collects.The move comes as reports from the local oil industry suggest that amounts ranging up to...

Speaking live on Btv today, Minerals and Energy minister, Lefoko Moagi, together with the Permanent Secretary to the President, Emma Peloetletse and Minerals permanent secretary, Ellen Richard-Madisa, said the increase to 30% from 25% had been signed...

The future of the 54-year old partnership between Botswana and De Beers is set to be announced today with three options on the table; a new deal, a temporary extension to accommodate more talks or the declaration of a dispute.Since 2019, the two...

The Botswana Accountancy Oversight Authority (BAOA), the statutory watchdog for corporate governance in the country, has its hands full with state-owned entities, where annual reviews show declining standards.In its latest report, covering the 2022...

BIHL is the country’s largest diversified financial services group, with its subsidiary, Botswana Life, enjoying a 71% market share and its asset management unit, Bifm, also the largest in its sector with assets under management last measured at...

In a statement on Wednesday, Marie Francoise Marie-Nelly, the World Bank country director for Eswatini, Botswana, Lesotho, Namibia, and South Africa, said the effects of the COVID-19 pandemic and other global shocks had made the need to diversify the...

The central bank raised interest rates three times last year, by a collective 151 basis points as it fought escalating inflation which peaked at 14-year highs in August. However, since then, inflation has been falling – largely due to lower fuel...

It would have been natural to assume that the 30,000-plus diamond industry professionals who gathered in Las Vegas, USA for the annual JCK Show recently, would have, uppermost in their minds, the ongoing talks and tensions between government and De...

Answering questions from BusinessWeek in a briefing on Tuesday, Assistant Secretary of State in the US Department of State’s Bureau of African Affairs, Molly Phee, said DFC CEO Scott Nathan would lead the American government’s delegation to the...

The central bank has a medium-term objective range for inflation of three to six percent, which it considers conducive for economic growth and stability in the country.However, prior to May, inflation was last within the objective range in April...

The central bank’s monthly auctions of treasury bills and bonds have nearly all missed their debt targets since Parliament doubled government’s note issuance programme to P30 billion in September 2020.With its own savings only just recovering...

By law, banks, bureaux de change, car dealers, microlenders, attorneys, and others must file suspicious transaction reports with the FIA.The agency defines a suspicious transaction as one inconsistent with a customer’s known legitimate business,...