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When they last met to discuss a joint industrialisation bid last April, member states of the Southern African Customs Union (SACU), opted for diplomacy and spoke of regional unity for investment, rather than the restless elephant in the room.Last...

In a notice to the Botswana Stock Exchange, the Corporation noted that the improved performance was powered by rental revenues, which rose by P30 million to P169 million. The rental revenues were in turn supported by a P29 million subsidy from...

Established 40 years ago, Chobe Holdings Limited operates two famous safari brands, Desert & Delta Safaris and Ker & Downey Botswana, as well as providing safari services through its tour operator The Booking Company and integrated air charter...

Interested bidders have until December 22 to submit their proposals for the project, which will be developed on a Public Private Partnership (PPP) model. According to the bidding note published recently by Botswana Oil, investors will be required to...

By close of market on Wednesday, the DCI was up 15% in the year to date, led by counters such as Chobe Holdings (+88.6%), Standard Chartered Bank Botswana (+77.7%), Seedco (30%), Absa Botswana (22.1%) and First National Bank Botswana (21.7%).The last...

Prior to the record profits seen last year, the previous peak in banks’ after-tax profits was P2.02 billion in 2018. Bank of Botswana (BoB) figures released recently indicate that commercial banks are powering towards a fresh high this year, helped...

Lerala Mine, located in the Tswapong area, closed at the end of May 2017 after its Australian owner, Kimberly Diamonds, ran out of operational cash amidst weak sales. At least 130 workers lost their jobs, with a few others retained for care and...

The auction held on November 24 is the fourth in a row where the central bank has been able to raise the target amount of debt it has been seeking for government. The latest trend is a sharp turnaround from the prolonged period of under-allotment...

Diamond exports as recorded by the data agency, fell to P2.4 billion in September, from P6.2 billion in August, underlining the sharp drop in both demand and prices for the precious stones seen this year.The country’s trade balance or the...

As in previous meetings of the United Nations Climate Change Conference, known as the Conference of the Parties or COP, the upcoming gathering in Dubai is expected to be dominated by discussions around financing. At COP28 in Dubai, developing...

In his remarks at the Natural Diamonds Summit on Monday, President Mokgweetsi Masisi appeared to break from the version of the speech that his office and government communications would later share.“We as Botswana and others will protect the...

The Group of Seven (G7), which comprises the United States, the United Kingdom, the European Union and other industrialised states, has proposed tough new rules to stop Russian stones from entering the global diamond industry. Russia is the world’s...

The 11-year-old firm secured a P500 million private equity mandate from the Botswana Public Officers Pension Fund (BPOPF) in 2018 and has thus far invested half the capital in local entities such as the Funeral Services Group and the Minet...

In the 12 months to October, food inflation was measured at 6.5 percent down from 7.7 percent in September, representing the highest price increase for specific goods and services.According to figures released by Statistics Botswana on Wednesday, the...

Grit sold its 70.3 million shares, which represented 25.1% equity in Letlole, in four open market transactions on the Botswana Stock Exchange (BSE) between January and June. Each of the four transactions squeezed LLR’s share price down, from P3.48...