The local mining industry is on the rise again, emerging out of the COVID-19 pandemic induced headwinds. In 2020 mining operations had to curtail their production...
Botswana exports took a knock in October 2021 registering only P4,960.7 million, a 22.1 percent decline from the revised September 2021 value of P6,365.1 million, latest...
Debswana Diamond Company, Botswana’s flagship mining business recently received an award from Absa Bank Group in recognition of its commitment to economic empowerment across the supply...
Botswana economy is registering growth as the country emerges from one of its worsts economic recessions since independence, following the outbreak of COVID-19 pandemic. In late...
Minister of Finance and Economic Development Peggy Serame has returned to Parliament to seek another supplement budget to help Botswana emerge out of the COVID-19 mess....
Okavango Diamond Company(ODC), the 100 percent Botswana Government owned rough diamonds marketing and sales company is recovering well from the 2020 economic downturn. ODC, established in...
Botswana Housing Corporation (BHC), the 50 year old 100 % government owned property development company has registered a significant increase in profits. For their financial year...
Botswana’s headline inflation took a turn back into the upward trajectory in the month of October after a decline in September. Figures released by Statistics Botswana...
Botswana’s Non-Bank Financial services sector displayed resilient performance in the year 2020, beating unprecedented difficult trading conditions presented by the COVID-19 pandemic. This week, Non-Banking Financial...
Lucara Diamond Corporation performance continued on a full rebound trajectory during the third quarter of 2021 with a massive jump in revenue to $72.7 million (over...
Water Utilities Corporation (WUC) has released their financial results for the full year ended 31st March 2021. Figures reveal ballooned losses for the state-owned corporation. Losses...
Chobe Holdings Limited, Botswana’s high-end tourism services provider, has significantly reduced its losses during the six months ended 30 August 2021, registering a P22.39 million loss...
The Monetary Policy Committee (MPC) of the Bank of Botswana decided to maintain the Bank Rate at 3.75 percent at a meeting held on October 21,...
De Beers rough diamond production for the third quarter of 2021 increased by 28% to 9.2 million carats, reflecting planned higher Production to meet more robust...
Botswana Power Corporation (BPC) and Tlou Energy, a Botswana Stock Exchange (BSE) listed energy development company signed a watershed Power Purchase Agreement deal to mark commencement of...
On Thursday 21st October 2021, the plenary session of the Financial Action Task Force (FATF) removed Botswana from its list of jurisdictions “under increased monitoring”. This...
Cresta Marakanelo Holidays Limited, Botswana’s leading hotel group, is battling the catastrophic effects of the Covid-19 pandemic and its far-reaching implications. The tourism and travel business...
The Botswana delegation at Expo 2020 Dubai participated in a networking session with the Dubai Multi Commodity Centre (DMMC) to meet potential investors and lure them...
In the next financial year, the Government is confronted with a ballooned wage bill that continues to exert far-reaching implications on the country’s fiscus. A budget...
Botswana has recorded its first trade surplus for 2021 since the only one for the year in January. The country’s exports for the month of July...
Premium Nickel Resources Botswana, a wholly-owned subsidiary of Premium Nickel Resources Canada, has sealed a deal with the BCL liquidator to acquire two (2) BCL assets,...
Cresta Marakanelo Limited (CML), Botswana’s most prominent hotels and hospitality group, has decided to exit the Zambian market, the company announced on Wednesday. CML, a Botswana...
The annual inflation rate dropped to 8.8 percent in August 2021, Statistics Botswana reported in their Consumer Price Index released on Friday. This was a drop...
Botswana remains on the grey list of the Financial Action Task Force (FATF) and the “black list” of the European Union, a status quo that highlights...
This week, Botswana Telecommunications Corporation Limited (BTCL), the country’s only listed telecoms company, released its annual report for the financial year ended 31st March 2021. The...
De Beers Group on Wednesday announced the value of rough diamond sales (Global Sightholder Sales and Auctions) for the seventh sales cycle of 2021. Figures show...
Botswana Stock Exchange (BSE) Limited this week welcomed two Exchange-Traded Funds (ETF) in the local market, in a historic move that highlighted the BSE’s attractiveness as...
Lucara Diamond Corp. this week announced that the company’s Board of Directors has formally approved the Karowe underground expansion project following the Financial Close and satisfaction...
The Leader of the Opposition (LOO) in parliament, Dumelang Saleshando, has dismissed the Government’s proposed National Employment Policy, stating that it has no radical transformation intention...
Botswana registered a significant decline in the trade deficit for the month of June 2021, following a massive jump in exports against a decrease in imports....
Botswana Diamonds PLC has, through Okwa Diamonds, its joint venture with Vast Resources Plc, made a move to acquire Ghaghoo Mine located in the Central Kalahari...
On Friday, the Minister of Presidential Affairs, Governance & Public Administration told Parliament that acquiring and setting up hospitality outposts across the country by government is...
The government has decided to halt some development projects that had not yet commenced to make funds available for COVID-19 expenditure, BDF Mozambique deployment, and tertiary...
Bank of Botswana (BoB) has kept the country’s lending rate at 3.75 percent. The decision emerged at the Central Bank’s Monetary Policy Committee (MPC) meeting held...
An estimated 387, 503 households in Botswana out of 669, 429 receive either one or more safety net packages from Government as a way of cushioning...
Lucara Diamond Corp continued on its 2021 positive trajectory in the second quarter as it dusts itself out of 2020 loses induced by the COVID-19 pandemic....
During the period 1 January to 31 July 2021 the Domestic Company Index (DCI) depreciated by 2.5% in comparison to a decrease of 5.3% during the...
Top gem junior miner Lucara Diamond Corp is investing heavily on the expansion of its Karowe Mine. So far, the Canadian headquartered multi-listed miner has spent...
Botswana Stock Exchange listed junior diamond explorer Botswana Diamond PLC has recovered four high-quality diamonds from The River Kimberlite Extension at its Thorny River project in...
Botswana State-Owned Enterprises (SOEs) have been under scrutiny for years now. The public outcry is that these businesses, much of which are making losses year-in-year-out, are...
While Botswana currently depends on South African power supply for about half of its electricity consumption, plans are underway to not only have the country produce...
Stanbic Bank Botswana and Export Credit Insurance & Guarantee Company Botswana (BECI) joined hands in a partnership that will help Small Micro-Medium Enterprises (SMMEs) access funding....
Government is moving swiftly to completely overhaul public procurement — a new Bill has been tabled before Parliament this week by Minister of Finance and Economic...