Author

The 2021–2022 final budget outcome is due in August and should it be achieved, the surplus would be the first in the country’s books since the 2016–2017 financial year. In her February budget speech, (Finance) Minister Peggy Serame had...

Austria and China are also bidding to host the two-decade-old diamond group’s secretariat and lobbying is intensifying ahead of a vote scheduled for one of the Kimberley Process’ upcoming meetings. The Kimberley Process Certification Scheme is...

The amount raised at the auction was 74% of the total P1.5 billion offered by the central bank to bidders at the auction, compared to 59% allotted in the April auction. Minimal movements in yields were seen in the auction, while Kgori Capital...

The latest Bank of Botswana figures released recently indicate that the difference between the two periods was higher net interest income and lower provisions for bad or doubtful debts.The banks’ performance in the first quarter of the year...

Briefing members of Parliament’s Public Accounts Committee this afternoon, the ministry’s permanent secretary, Grace Muzila said authorities were seriously concerned about the numbers of cases and admissions, in recent weeks.She revealed that as...

KP, consisting of 85 countries, diamond producers, observer groups, and civic organisations, is the diamond industry’s broadest and most authoritative grouping, enjoying the backing of the United Nations (UN).While the West has sanctioned Russian...

Cynics of economic growth figures frequently cite the quote made famous by US literary legend Mark Twain: “'There are three kinds of lies: lies, damned lies, and statistics”.When Statistics Botswana recently announced that the local economy...

The poor response comes as a report from the Financial Intelligence Agency (FIA) indicates a 400% increase in the value of suspicious transaction reports received last year, with cryptocurrency scams leading the pack.Under the Virtual Assets Act...

Local geologists say the country’s eastern half has been well prospected and to an extent, well developed, as seen in the establishment of several mines that have supported the well-documented mineral-led revolution of post-Independence...

Although few details have been provided about the review of the IRP, it is understood the fast-tracking of several projects is in line with supporting the country’s energy transition from its current near-total reliance on fossil fuels such as...

The higher bill, insiders say, is due both to government’s deepening credit appetite since COVID-19 arrived and upset the budget, as well as rising interest costs incurred when the local market prices in higher inflation and a sovereign credit...

Motsomi takes over from Lynette Armstrong who has been acting in the position since August 2019.“While we were fortunate to have a number of very strong candidates for this important role, the Debswana Board selected Mr. Motsomi as the ideal person...

By last Friday, Letshego’s share price was up 25% for the year, outpacing its peers on the Domestic Companies Index, according to Stockbrokers Botswana data.Second-placed gainer, Standard Chartered Bank Botswana was up 14.8% by comparison, followed...

Norsad’s Investment Director, Oteng Sebonego told last week’s resources infrastructure and energy forum that the firm was open to proposals around green field developments, companies looking to self-generate their own electricity, those looking...

The global diamond industry meets in Kasane on June 20, a keenly awaited event as the world’s biggest producer of precious stones, Russia, continues its military invasion of Ukraine.The Kimberley Process (KP), consisting of 85 countries, diamond...