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Meanwhile, Australian mining giant, BHP, has separately moved towards a $39 billion (P540 billion) offer to fully take over Anglo American. At present, the deal includes De Beers and involves as yet unclear implications on the country’s ongoing...

This morning, Anglo American – which became De Beers' 85% equity investor in 2012 when founding family – the Oppenheimers divested – announced that it was looking to exit its investment in the diamond group as part of a strategic review of...

TransUnion has over 13,000 associates operating in more than 30 countries, including Botswana, Kenya, Malawi, Namibia, Rwanda, South Africa, Eswatini, and Zambia.Kabelo Ramaselwana, country manager at TransUnion Botswana, told BusinessWeek several...

Anglo holds 85% in De Beers, with the other 15% held by the Govt of Botswana.The statement by Anglo this morning, follows weeks of pressure by global mining group, BHP, which is pushing to buy Anglo. Anglo, which has rejected all bids, yesterday said...

The MDCB is the state minerals investment agency and government’s chief policy advisor for the sector.At present, mineral royalties payable by mines in the country range from three to 10% annually and are levied on the gross market value of...

South African agricultural economists estimate that the value of the country’s vegetable exports to Botswana dropped by 55% in 2022, the first year of the partial horticultural import ban imposed by Gaborone to boost local production.The figures...

The central bank projects that inflation will temporarily trend below three percent, before moving into the three to six percent objective range from the third quarter of the year, into the medium term. Inflation in April is expected to drop to 2.3...

The numbers are in and it looks bad for the country’s harvest.After an El Niño-ravaged cropping season in which rains in February dropped to a 40-year low, the country’s farmers are facing a steep fall in harvest.“The country is experiencing...

Mmegi: Briefly, take us through your career, specifically what led you to choose the capital market as a career choice?Tsheole: In terms of my career, I was originally a sciences student at high school, at Molefi Senior Secondary School, doing pure...

According to the Authority’s annual report released recently, BOCRA conducted inspections on 169 communication retailers around the country and found 55 of them to be non-compliant, selling devices that were substandard, counterfeit or...

The auction of two treasury bills and three bonds was due to take place on Thursday, according to a notice seen on the central bank’s website at press time on Wednesday.At the auction, the BoB, acting as government’s capital market agent and...

According to the full-year results published on the Botswana Stock Exchange, Stanbic’s corporate and investment banking unit recorded pretax profits of P348.6 million, compared to P258.9 million in the prior year, representing a 35%...

Executives at the Minerals Development Company Botswana (MDCB) seem to particularly enjoy the use of graphs. Given that the many of the officials at the state-owned minerals investment firm have backgrounds either in mining or investment, the...

In its recently released annual report, BOCRA noted that it received a total of 33 complaints escalated from the regulated entities, compared to 27 in the year to March 2022.Of these complaints in 2023, faulty gadgets headed the list, with most of...

According to the borrowing strategy document for 2024–2025 released earlier this week, the central bank will step up its efforts for government in light of the greater funding requirement by the state.By comparison, the BoB was authorised to raise...