Author

Debswana currently owns MCM with government holding 50% while the remainder belongs to De Beers. Responding to BusinessWeek enquiries, MDCB CEO Paul Smith said the proposed three-stage transaction involves the unbundling of Debswana’s shareholding...

In a economic review report titled Africa Markets Revealed, the economic experts say they see Botswana’s economy growing by no more than four percent during NDP11, while revenues will likely come lower than the estimates leading to either increased...

According to the Bank of Botswana 2015 Annual Report released this week, profitability among the banks as measured by Return on Equity (RoE) as well as Return on Assets (RoA) declined with one smaller bank recording a loss in the year. Although the...

During the approaching winter season, the power utility anticipates an increase in the national demand from the current 530MW to a projected 669MW.  It says it is thus working on ensuring that all the units are restored at the earliest possible time...

The financial package is part of a $270 million developmental lending pipeline availed by the World Bank last year under a 2016-2020 Country Partnership Framework (CPF), to finance developmental operations in the first two years of the programme, up...

Addressing the media in Gaborone yesterday, the central bank’s head of monetary and financial stability, Kealeboga Masalila said net income for the bank stood at P9.1 billion more than double the P4.1 billion realised in 2014. “The highest...

 The CSD was introduced in 2008 as a computer system that facilitates the holding of securities in electronic accounts in contrast to paper certificates that the exchange had been using.  Deadline for dematerialisation of shares was March 31, 2016...

For the second time this year, consumer inflation breached the lower end of the Bank of Botswana’s (BoB) 3-6 percent medium term objective in April.  While the slow down in the rate at which general prices are increasing might be an indication of...

“As normal seasonal trends return to the market, we are encouraged by the continued stability of demand for rough diamonds shown in the fourth sales cycle of 2016,” said Philippe Mellier, chief executive officer of De Beers. The relatively small...

In two separate deals with related party, Letlole Larona, BDC is selling residential properties in Gaborone’s leafy suburb of Extension 11 for a consideration of P42 million while a deal for a stake in property in Francistown is also being...

In a statement released this week, Australian developer A-Cap said the approval was an important requirement for securing a mining licence for what would be the country’s first uranium mine. “This is a major milestone for A-Cap and its flagship...

According to the draft NDP11 document, whose contents were discussed at a consultative conference held in Gaborone this week, the development expenditure covers capital spending aimed at expanding the production capacity of the economy. NDP11 kicks...

The Maibwe diamond project is 51 percent owned by BCL while exploration company, Botswana Diamonds (BOD) owns 15 percent of the project. BCL exploration projects in the Gope area are estimated to have a potential value of over P20 billion. In a...

But the targeted growth rate will not be enough to address the country’s development challenges, which include poverty, income inequality unemployment, finance minister Kenneth Matambo told a NDP11 consultative conference yesterday. NDP11 kicks...

In the Regional Economic Outlook for sub-Saharan Africa released this week, the IMF estimates Botswana growth rate to print at 2.5 percent this year. This is lower than the 3.7 percent the Bretton Woods institute predicted for the country two months...