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The development is part of the agreements in principle reached between De Beers and government last week as part of the new sales and mining deal.The two parties sealed the agreement in principle late on Friday night, following tense negotiations...

President Mokgweetsi Masisi was at his oratorical best in Sese on Wednesday, taking a full kgotla down a colourful, idiom-laden journey into the history and the present of the country’s diamonds and the extraction of value from them. The President,...

Amendments to the Act could also potentially see the 15% equity option for government increased to 26%, BusinessWeek has established.The current Mines and Minerals Act allows government to buy a 15% shareholding in any new mining project, with an...

In a market notice recently, Access Bank said the proceeds of notes issued from the programme would be channelled towards “ongoing normal operations” unless otherwise stated.Once Access Bank issues its first notes from the programme, it will join...

De Beers and government on Friday agreed to extend their sales arrangement which covers the marketing of stones from Debswana, by another 10 years, while also extending mining leases in the country by another 25 years from when they expire in 2029....

What does Las Vegas export? Simple question, no?OK, what does Botswana export? Even simpler right? Here, one can list copper, salt, gold and the world-famous diamonds – the shiny stones first spotted in the Motloutse River in 1959.Going by that...

The Norwegian firm won a highly contested tender for the contract in August 2021 and has since been mobilising funding to the tune of $49 million (P658m) required for the plant, which will be the country’s single largest renewable project to...

The BURS will collect the National Petroleum Fund (NPF), the Road Levy Fund and the Security of Supply Margin, on top of the fuel levy which it already collects.The move comes as reports from the local oil industry suggest that amounts ranging up to...

Speaking live on Btv today, Minerals and Energy minister, Lefoko Moagi, together with the Permanent Secretary to the President, Emma Peloetletse and Minerals permanent secretary, Ellen Richard-Madisa, said the increase to 30% from 25% had been signed...

The future of the 54-year old partnership between Botswana and De Beers is set to be announced today with three options on the table; a new deal, a temporary extension to accommodate more talks or the declaration of a dispute.Since 2019, the two...

The Botswana Accountancy Oversight Authority (BAOA), the statutory watchdog for corporate governance in the country, has its hands full with state-owned entities, where annual reviews show declining standards.In its latest report, covering the 2022...

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...