The deal was shrouded in doubt last month after Lucara terminated its own 10-year agreement with HB, citing “material breaches of financial commitments”. Prior to that, the Belgian diamond trader was shaken after one of its co-founding partners...
The duo’s company, which trades as Medical Devices Botswana, provides a diversified range of high quality pharmaceutical products that include anti-retroviral, anti-hypertensive, anti-diabetic and anti-biotic tablets and capsules. It was in 2016...
Speaking at the International Gaming Conference in Lagos, Nigeria recently, GA CEO Emolemo Kesitilwe, said the Gambling Authority (GA) seeks to integrate gaming into the educational system, with schools offering e-sports clubs, game development...
This makes the Middle East country the highest consumer of Botswana exports. Botswana, which is a mineral dependent economy, has diamonds and copper as her main exports, the two minerals which have been increasingly in strong demand in the Asian...
The BITC CEO, Olebile Keletsositse alongside his officials, visited several companies including the country’s largest wheat and maize milling company Bolux, Exelligent as well as Medical Devices Botswana. “The BITC plays a crucial role in...
To facilitate seamless execution of the scheme, the Botswana Agricultural Marketing Board (BAMB) has been tasked with the responsibility of collecting donations. At minimum, BAMB is required to keep 10,000 tonnes of sorghum, 10,000 tonnes of maize,...
On Tuesday, Bolux CEO, Christo Ellis told Botswana Investment Trade Centre (BITC) officials that the closure was largely because of stiff competition from imported pasta and declining profitability.The BITC is visiting some of its assisted companies...
The African Growth and Opportunities Act, more commonly known as AGOA, is a trade arrangement between the US and more than 30 sub-Saharan African countries, including Botswana. The agreement was established in 2000 and provides relaxed access to the...
The Mine was tasked with saving P3.5 billion this financial year, but its general manager, Koolatotse Koolatotse told journalists last week that at least P3.7 billion had been achieved by mid-year.“Jwaneng was allocated P3.5 billion in savings and...
Sedie, which is under Desert and Delta Safaris, a subsidiary of Chobe Holdings, has seen increasingly higher numbers of both local and international visitors, even exceeding pre-pandemic occupancies, Desert and Delta Safaris marketing coordinator,...
The nine month figures for this year are however still considerably higher than comparative figures before 2022, reflecting the generally stronger sales enjoyed by rough diamonds since last year.However, on a quarterly basis, the third quarter sales...
ODC Managing Director, Mmetla Masire, said the number at the recent auction was impressive as this was the first exclusive offer for citizens, despite the fact that no company managed to buy goods during the auction.“Local participation was...
Addressing a recent Jwaneng mine media tour, the officials revealed the country has mined over 58% of its total diamond deposits, leaving behind 42% that is currently being mined.They said the latest data points the country to an eminent end of...
Masisi, whose country Botswana produces gem quality stones, added the synthetics have rapidly gained ground in the market posing both challenges and opportunities for the industry.“At first glance, the rise of LGDs may seem like a formidable...
The decision is yet another indicator of the pressures in the diamond market after the most challenging year since 2019, with falling prices and consumer demand.ODC’s announcement this week echoes a recent decision by De Beers to give its rough...
Known as Cut 9, the P22 billion project to expand Jwaneng Mine involves deepening the iconic pit beyond 650 metres to tap into an ore body that will yield approximately 48 million carats and support the mine to its end of life in 2035.The project is...
On Monday when opening the Botswana Bond Market Association's (BBMA) roundtable, BSE CEO Thapelo Tsheole said similar requests were coming in from around the region at different levels of advancement.“One of the things that we are seeing,...
A statement from the bank says Moroka, who is also De Beers Botswana CEO, will leave on October 31. He will also be exiting as a independent non-executive director of the bank.Moroka joined the Absa Botswana board in July 2021.He will be replaced as...
Despite its infant status in the tourism space with just three years in business, the travel agency is making huge strides in becoming a top destination management entity in the local market.The company is a destination management company that...
As part of the recently launched strategy, the company seeks to double its salt and soda ash production capacity whilst adding a new product, sodium bicarbonate.Botash recently launched its five-year strategy dubbed, ‘Double in Five Safely’. The...
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