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In a country report released this week, the agency said they project Botswana will report larger surpluses in 2016-2018 as revenues are supported by rising mineral revenues from the normalisation of diamond production at about 23 million carats per...

China is the second largest consumer of diamonds while it is the top buyer of   commodities such as copper and coal. According to the report compiled by the Economist Intelligence Unit (EIU), the impact of the softening in international demand was...

At the request of the local authorities, a mission from the IMF’s statistics department visited Gaborone last week to assist with the implementation of the e-GDDS. The mission helped redevelop the National Summary Data Page (NSDP), currently on...

The construction of the mine is set to start in late 2016 with the first copper shipment to the markets expected in 2018. In an interview with BusinessWeek, Cupric Canyon Africa Chief Executive Officer, Sam Rasmussen said the mine will produce...

Trade data released by Statistics Botswana this week shows that while imports remained relatively flat, the deficit was driven by a significant 34% decline in exports from P4.6 billion to P3.03 billion.  An analysis of the data shows that the...

In a response to Mmegi Business enquiries, Diesel Power’s parent company, Buildmax, said it has enforced its contractual right to suspend contract mining services as a result of their client’s inability to meet payment obligations. “We have...

A joint venture private energy company, Coal Petroleum says it has commenced the development of a 20,000 barrels per day (bpd) Coal-To-Liquids co-generation and Fertiliser Project to be located in the Dumela industrial area of Francistown. The...

In the period January to September, ODC  sold 1.64 million carats of rough valued at $303 million.  According to ODC deputy managing director, Marcus ter Haar this represented a 35 percent drop in the value of rough stones sold in the same period...

This was said by an official of the  Switzerland-based institution at a workshop held here this week. Parliament ratified Botswana’s commitment to the TFA in June this year to become the second African state to do so and the eighth country in the...

In the eyes of its youthful looking new managing director, Bashi Gaetsaloe, the expected return to profitability is evidence of the first fruits of an ambitious turnaround plan which targets doubling the corporation’s P3.6 billion balance sheet in...

Botswana is currently faced with a high unemployment as well as elevated inequality and poverty rates that are   not consistent with her upper middle-income status. Whilst news of the stimulus package marked a conspicuous change from previous...

At the centre of the standoff are differing opinions between the parties over how to value some of the investments that VPB had made on behalf of the agency under the CEDA Venture Capital Fund (CVCF). Under a 10-year deal, VPB was in 2003 tasked to...

Appearing before a Parliamentary Committee on Statutory Bodies and State Enterprises yesterday, Gaetsaloe said the glass plant, which is under liquidation, carries too much risk and it was always going to be difficult to turn it into a commercially...

It emerged this week that Tango Mining Limited has told Firestone Diamonds that it was unable to pay $0.3 million (P3 million) into an escrow account as a deposit for the company’s assets. The deposit was the fulfillment of the first part of the...

According to the recently released 2015-16 Global Competitiveness Report (GCR), poor work ethic is the most problematic factor for doing business in Botswana with the severity of the problem increasing by 0.5% in relation to the previous year. In...