Author

The company said yesterday that its subsidiary Lerala Diamond Mine had conducted a tender for its diamonds in late September, with the winning bidder entering into an offtake agreement for all diamonds produced at the mine for a six-month...

In a statement, the bank said all the corporate exposures to the BCL Group are fully secured. “Barclays remains sufficiently liquid, well capitalised and we continue to execute our strategy in the market through the delivery of innovative...

As of Monday, the agreement will apply to trade between the EU and the five countries including Lesotho, Namibia, South Africa and Swaziland. Mozambique is in the process of ratifying the agreement and will join in as soon as the ratification...

Government says it is currently in negotiations to use the direct appointment method to engage a joint venture between two South Korean firms, KEPCO and Daewoo, to construct Unit 7 and 8 at Morupule B. In a statement, the Botswana Stock Exchange...

On a year-on-year basis, growth was, however, stagnant as the economy grew at the same rate as the one recorded in the same quarter of 2015. “The slow growth in real GDP was attributed to real mining value added, which decreased by 13.8% in the...

According to figures released by Statistics Botswana, a trade deficit of P175.9 million was recorded in July from a surplus of P2.6 billion the previous month. Total exports were valued at P5.1 billion in July 2016, showing a decrease of 40% from the...

Government has set itself admirable targets of not only graduating to a higher income country status, but has also pledged to weed out the problems of unemployment, poverty, inequality, dependence on government and low household incomes. Latest...

Largely due to a P4 billion rise in development expenditure, government’s spending is expected to outweigh revenues in the 2017-2018 financial year by P6.8 billion or -4.1% of the GDP. Deficits of similar magnitudes are seen until 2019 before the...

“The mining licence was signed by the Minister of Minerals, Energy and Water Resources, Kitso Mokaila and takes effect from September 12, 2016.  “The grant of the mining licence is a significant milestone for the company, following the...

Deloitte’s Max Marinelli resigned as the liquidator of KBAL in March this year after falling out with the creditors, but has now declined to hand over the case to the new liquidator, John Little, before he is paid. On Wednesday, director of tax...

At a meeting held in Bulawayo, Zimbabwe last Friday, ministers from the three countries signed a Memorandum of Understanding (MOU) committing them to the Port Techobanine Heavy Haul Rail Project. Zimbabwe’s minister of transport and...

Following an urgent petition by First National Bank of Botswana (FNBB) over a P41 million debt, KFC Botswana was placed under provisional liquidation on June 2, 2016 with the provisional liquidator, Nigel Dixon-Warren later determining the...

Despite VPB, through its proprietor Anthony Siwawa, putting up a fight to save the business from final liquidation, Leburu pronounced it just and equitable for the operation to be wound up considering that its franchise agreement has been terminated...

Deputy permanent secretary in the ministry of minerals, energy and water resources, Nchidzi Mmolawa yesterday told a Stanbic Bank Mining and Metals conference that plans to empower Batswana are part of the changes contained in the review of the...

The central bank last Friday slashed the benchmark interest rate by another 50 basis points further pulling down lending rates that were already sitting at record low levels. The sole and well-intended aim of the rate cut is to try and make lending...