Robust demand for diamonds in early 2022 which was a spillover from late 2021, has catapulted Botswana into a surplus for the month of January 2022. ...
Lucara Diamond Corporation, the Canadian top gem producer, mining some of the world’s best diamonds in Karowe, has raked in $68.2 million (Over P700 million) for...
Botswana mining production picked up significantly in the last quarter of 2021 when compared to the same quarter in 2020 albeit a decline when mirrored against...
Nearly 10 years and over P10 billion later, Morupule B – a 600 Megawatt coal fired power plant that was envisaged to end Botswana ‘s national...
This week, Bank Gaborone, a subsidiary of Namibian Stock Exchange listed Capricorn Group launched a Card-2-Card payment solution, the first of its kind in Botswana. Card-2-Card...
Bank of Botswana on Thursday, kick-started its overhauled monetary policy signaling mechanism with an increase in interest rate, a 51 percent basis point on the Monetary...
This week the International Monetary Fund (IMF) issued a warning to global economies, signaling massive inflation, a rise in fuel and food prices to levels never...
Production at Debswana, the partly state owned diamond miner continued on its upward trajectory in the 1st quarter of 2022, bouncing back fully to pre-covid-19 pandemic...
Top diamond miner De Beers Group, a unit of diversified mining conglomerate Anglo American, on Wednesday announced a watershed diamond resource development deal, expanding its African...
After starting off the year 2022 on a 13 year high in January and February at a record 10.6 percent, Inflation has started cooling off, registering...
Rough Diamond Sales for De Beers Group continued on a good run in the third sales cycle, totaling USD $565 million (over P6 billion), up 25...
Southern African Customs Union (SACU), the world’s oldest customs integration body comprising Botswana, South Africa, Lesotho, ESwatini, and Namibia, this week met in Gaborone for its...
History is about to unfold in modern Botswana as Giyani Metals – Canadian junior explorer moves closer to resuscitating old small manganese mines in Kgwakgwe, Otse...
Botswana could be losing P9.5 billion to tax evasion, Botswana Unified Revenue Service (BURS) Commissioner in charge of operations, Mr Phodiso Valashia hinted the sad scenario...
Cabinet has finally approved the recommendation to rationalize parastatals following an outcry from various quarters relating to inefficiencies and duplications of mandates by existing State-Owned enterprise...
After a series of signing ceremonies, penning power purchase agreements with selected independent power producers, on the ground work has begun. This past Tuesday Government, Botswana...
Botswana Mine Workers Union (BMWU) is mounting a serious undertaking to prevent the sale of Mupane Gold Mine, arguing massive contravention of workers’ rights should the transaction...
Absa Bank Botswana, the country second largest commercial bank by profitability on Wednesday released its results for the financial year ended 31st December 2021,profits rose by...
Government continues to support Botswana Power Corporation (BPC) with a revenue grant meant to cushion consumers against what would otherwise be exorbitantly high electricity tariffs, this...
Botswana Post, one of the country’s oldest parastatals is battling for its spot in the evolving communications landscape, up against the digital wave and technological advancements...
The annual inflation rate remained unchanged in February 2022, maintaining the 13-year all-time high figure of 10.6 percent, the same rate as in January 2022, Statistics Botswana’s...
The Botswana Meat Commission (BMC) troubles are far from over, at least from the latest full year financials results, the once Africa’s top and glorified meat...
For the financial year 2022/23, the Ministry of Land Management, Water & Sanitation Services has set aside over P4.5 billion for water projects. This was revealed...
Botswana holds one of the top spots in the global mining space, because of its competitive policies and strict laws and good business environment that allows...
Botswana Insurance Holdings Limited (BHIL), the country largest insurance, investment and non-banking financial services group was not spared from the COVID-19 pandemic woos. The Group ,which...
De Beers Group, the spiritual father of global diamond industry on Thursday released results for its second sales cycle of 2022. The diamond mining unit of...
Trading at Botswana Stock Exchange continued on a positive wave, with all measures at the country’s sole bourse appreciating compare to a low performance in the...
Member of Parliament for Kanye North, Thapelo Letsholo has issued a warning to government against raiding the country’s fiscal buffer and funds, the Government Investment Account (GIA),...
Lucara Diamond Corporation, 100 percent owners of Karowe Mine, on Friday released their financials for the year 2021. Revenue closed the year at $230.1 million (over P2.5 billion)...
Tlou Energy, the Botswana Stock Exchange listed energy development company this week announced massive progress in its power generation campaign. The company revealed in statement on Monday...
The impressive performance of the Botswana Stock Exchange in the year 2021 has continued in the year 2022, the local bourse has reported positive figures for...
The 2022/23 Financial year will be underpinned by massive cost-cutting and contain exercise across all government operations, Minister of Finance and Economic Development Peggy Serame has...
Botswana’s unemployment levels grew in 2021 on the back of continued negative impacts of the COVID-19 pandemic, the fifth report of the Labour Force Module from...
Botswana’s trade deficit went down in November 2021 on the back of improved export activity. According to the International Merchandise Trade Statistics for the month of November...
The demand for rough diamonds continued with its strong and robust trend in the first month of 2022 as anticipated by industry players. De Beers Group,...
The highly anticipated resuscitation of Ghaghoo Mine, previously operated by Gem Diamonds, will now be stalled for a little longer because a key partner in the...
On Monday 7th February 2022 Minister of Finance & Economic Development will deliver the 2022/23 budget speech. It will be the first time ever in history...
DebswanaDebswana, the 50/50 joint venture between Botswana Government and De Beers, registered impressive output levels inthe last quarter of 2021, latest production report from Anglo American,...
Commercial Banks credit increased by 7.4 percent year-on-year in September 2021, higher than the 4.4 percent growth in the corresponding period in 2020, according to the...
As major mining companies leave the coal business, under pressure to comply with international campaigns of clean energy, local junior coal producer Minergy says it stands...
In a regulatory approval that moves the resuscitation of the former Copper and Nickel mining giants a step closer, Competition and Consumer Authority (CCA) — Botswana’s...
Botswana’s inflation continued to rise in December 2021, after registering a slight increase of 0.1 percent, Statistics Botswana has reported. In its monthly release of the...
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...