Statistics Botswana figures estimate that diamond exports in November dropped to P1.3 billion, from a revised P2.4 billion in October, pushing down overall exports from P3.9 billion to about P3 billion. Diamonds accounted for about 60% of exports in...
Preliminary receipts from the latest sales, held in Gaborone, were the highest since the seventh sales cycle last year, after which demand tightened even further, reaching COVID-era lows.Commenting on the latest sales cycle, De Beers’ CEO, Al Cook,...
However for Norma Asali Nlanda, a graduate of Economics and Public Administration from the University of Botswana, it was not to be case. Instead she chose to make a bold move to pursue entrepreneurship by establishing her own company, Asali Beauty,...
Absa Southern African economist, Ridle Marcus, last week revealed that inside forecast point to a tough year for Botswana’s economy with the main pressures coming from inflation facing commodities and a steep diamond price crunch.“The World Bank...
When presenting the financial results for the period ended October 29, 2023, Sefalana Group Finance Director, Mohamed Osman said this was largely contributed to their Namibian operations. "This business makes a significant contribution to overall...
Botswana and other African producers are unhappy over the G7’s plan which states that from September all polished diamonds should be routed through Antwerp for certification that the stones are not of Russian origin. A G7 team that was in the...
In its recently released annual report, the PPRA said negotiations between the three parastatals had been concluded, with the exchange of similar sized land. Land transfer processing and approvals for subdivision of the land were still underway as at...
The training programme is conducted in collaboration with the International Trade Centre (ITC) under the framework of the Botswana Exporter Development Programme (BEDP) and will feature modules such as “the Opportunity of Intra-African Trade,...
The bond was issued under the P2billion note programme Absa has listed on the BSE.Sustainable bonds also known as green bonds, provide investors with an avenue to support projects that have positive environmental and social impacts.Speaking during...
The project effectively connects Tlou’s planned generation to the national grid, enabling the Botswana Stock Exchange-listed company to supply the 10MW it has been engaged to do by the BPC to provide to the country.In an update to investors on...
In a market update this afternoon, Giyani officials said the company had secured $10 million (P136 million) in funding from ARCH Sustainable Resources Fund LP, a private equity fund focused on “strategic, long-term investments in natural resources...
In its latest Global Economic Prospects (GEP) report released last week, the World Bank’s researchers added ten basis points to their June 2023 forecast of Botswana's economic growth for the year 2024.At 4.1%, the projected growth is higher...
The young medical practitioner, Dr Betty Mosenye, broke the norm and decided to use her spare time to unearth her entrepreneurial side.According to Mosenye, who is a medical doctor at Princess Marina Hospital, it all started in February 2022 while...
Sources at the blue chip listed bank said unidentified scammers had employed different tactics in an attempt to defraud the bank’s customers over the busy festive season.Such tactics include vishing, phishing, social engineering and card fraud....
The company’s Sales and Relations Manager, Onkemetse Phiri, said the prestigious accolade comes as a testament to the company's unwavering commitment to providing top-notch technological solutions and services in the region."Notably, Hard Pro...
Through its Botswana Export Development Programme (BEDP), which was launched in 2013, the government’s investment arm has provided various interventions to companies to help them reach export readiness.The programme empowers local businesses to be...
Insiders close to the latest developments told BusinessWeek that despite the Gambling Authority (GA) and its preferred bidder, Ithuba Botswana, having completed negotiations almost a year ago, progress towards kick-starting the lottery has been...
Half year results shared with investors on the Botswana Stock Exchange (BSE) this week attribute the profit before tax growth to higher fee and commission income, which witnessed a substantial increase of 105% year on year, primarily driven by the...
Signet, which is responsible for the sale of half of Botswana's diamonds in the retail market each year, shared signals of hope with both De Beers and local media during a round-table last week. Its CEO, Gina Drosos, said the global diamond...
Statistics Botswana figures show annual food inflation dropped from 6.7% in November to 6.1% in December, while inflation associated with transport fell to 1.5% from 2.2%. Annual inflation associated with personal care fell from 8.9% to 7.7%.The...
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