Author

A report by a United States agency has found that Botswana has the continent’s lowest exports under the African Growth and Opportunities Act (AGOA), with the country’s utilisation rate of the trade arrangement falling from 100% to zero in the...

According to Bank of Botswana data made available recently, the value of base metal exports progressively grew across all quarters last year, starting at P653.4 million in the first three months of the year and ending the last three at P1.2...

The pension fund pumped out P477 million to Capital Management Botswana (CMB), while Bona Life, which relaunched recently, had directed P133 million to the asset manager for investment.CMB, now under liquidation, was contracted by the BPOPF in 2014...

The deal, whose value has not been publicly disclosed yet, grants CDC access to the Kamoso group’s well-known divisions such as Liquorama, Builders Mart, Mediland, Lemepe, Mont Catering and Refrigeration and others. CDC is an entity wholly owned by...

In fact, Botswana is expected to experience one of the continent’s strongest growth rates of High Net Wealth Individuals in the next 10 years to 2032.The estimates are contained in the latest update of New World Wealth’s Africa Wealth Report,...

Selkirk Mine operated as an underground between 1989 and 2002 when Tati Nickel, then owned by LionOre and government, placed the operation under care and maintenance.This was due to the depletion of high-grade copper and nickel ores that were...

For the outside observer, of late, the diamond industry has been dominated by debates over the sanctions against Russian diamonds, the efficacy of the Kimberley Process and more recently, De Beers’ negotiations with Botswana.Debates on lab grown or...

While the United States and a number of its allies sanctioned Russian rough diamonds last March, various data sets show that these continue to trade in the global industry as their origin changes once they are “significantly transformed” through...

Known as the Ikaegeng XTL (Coal-to-Liquid), the ambitious synfuels project aims to use the billions of tonnes of coal lying untapped in the country to produce various petroleum fuel products for domestic use.Botswana Oil expects that the envisaged...

According to figures released by Statistics Botswana last Friday, the water and electricity sector led the pack in terms of growth last year with 48.6%, while value added by diamond traders rose 17.6% followed by manufacturing with 8.2 percent and...

More accurately, those monitoring the deal with HB Antwerp are weighing its scalability.The three-year-old Belgian firm has built high expectations around what it can deliver.HB Antwerp’s first foray into Botswana was via a six-month deal with...

BTCL’s shares gained nine thebe on March 28 to reach 86 thebe, the highest level since December 16, 2020, as the telecomms group joined the broadly upward momentum of the stock exchange.The share price jump last month takes BTCL to net growth of...

When launching Belgian diamond firm, HB Antwerp on Monday, President Mokgweetsi Masisi detoured from his prepared remarks, just as he was beginning to make them.“David Magang is a special guest of HB and mine. In all fairness, this is you and you...

Tech has levelled the playing field against the traditionally more competitive diamond centres across the world, further says De Beers.The country currently has 48 diamond-cutting and polishing firms, up from 21 in 2020.Of these, 38 are De Beers’...

The shares sold at P3.16 each, a drop from the P3.51 Grit sold previously on March 7. Prior to that, the Mauritius-domiciled entity, with roots in London, sold at P3.51 in February and P3.48 in December.Grit at one point held more than 30% equity in...