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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,...

Today’s debate on the second reading of the Hunting Trophies (Import Prohibition) Bill is just one more step towards passing a law many communities who live alongside wildlife in Botswana and the Southern African region, have been dreading.The...

Marriott International currently operates nearly 140 properties in 20 African countries, but in Botswana is best known for the Protea Hotel by Marriott Gaborone Masa Square, a landmark in the capital.In a statement yesterday, Marriot International...

In an announcement to investors yesterday, PNRL said Cymbria Corporation and EdgePoint Investment had agreed to provide equity and term loan funding, with the transaction expected to close around June 28.PNRL directors said the group intends to use...

According to the group’s 2022 annual report released last week, BIHL views data as “the new oil” and insurers have reservoirs of assets that can be turned into business value that will affect the bottom line.A trend research report by the group...

Rapaport’s RapNet trading platform boasts daily listings of 1.6 million valued at over $7.4 billion (P101bn), with 16,000 members in 97 countries. Rapaport also publishes the Rapaport Price List, the diamond industry’s standard for the pricing of...

Tracr, a blockchain-powered tech platform providing for the traceability of De Beers’ diamonds from mine to shelf, was initially launched in 2018, before being expanded to scale last May, as Western nations imposed sanctions and other restrictions...

Both De Beers and government, whose five-year-long talks for a new sales agreement are set to elapse on June 30, have sent high-powered delegations to the US desert city.Since the current agreement elapsed in September 2020, both sides have agreed on...