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By close of market on Wednesday, the DCI was up 15% in the year to date, led by counters such as Chobe Holdings (+88.6%), Standard Chartered Bank Botswana (+77.7%), Seedco (30%), Absa Botswana (22.1%) and First National Bank Botswana (21.7%).The last...

Prior to the record profits seen last year, the previous peak in banks’ after-tax profits was P2.02 billion in 2018. Bank of Botswana (BoB) figures released recently indicate that commercial banks are powering towards a fresh high this year, helped...

Lerala Mine, located in the Tswapong area, closed at the end of May 2017 after its Australian owner, Kimberly Diamonds, ran out of operational cash amidst weak sales. At least 130 workers lost their jobs, with a few others retained for care and...

The auction held on November 24 is the fourth in a row where the central bank has been able to raise the target amount of debt it has been seeking for government. The latest trend is a sharp turnaround from the prolonged period of under-allotment...

Diamond exports as recorded by the data agency, fell to P2.4 billion in September, from P6.2 billion in August, underlining the sharp drop in both demand and prices for the precious stones seen this year.The country’s trade balance or the...

As in previous meetings of the United Nations Climate Change Conference, known as the Conference of the Parties or COP, the upcoming gathering in Dubai is expected to be dominated by discussions around financing. At COP28 in Dubai, developing...

In his remarks at the Natural Diamonds Summit on Monday, President Mokgweetsi Masisi appeared to break from the version of the speech that his office and government communications would later share.“We as Botswana and others will protect the...

The Group of Seven (G7), which comprises the United States, the United Kingdom, the European Union and other industrialised states, has proposed tough new rules to stop Russian stones from entering the global diamond industry. Russia is the world’s...

The 11-year-old firm secured a P500 million private equity mandate from the Botswana Public Officers Pension Fund (BPOPF) in 2018 and has thus far invested half the capital in local entities such as the Funeral Services Group and the Minet...

In the 12 months to October, food inflation was measured at 6.5 percent down from 7.7 percent in September, representing the highest price increase for specific goods and services.According to figures released by Statistics Botswana on Wednesday, the...

Grit sold its 70.3 million shares, which represented 25.1% equity in Letlole, in four open market transactions on the Botswana Stock Exchange (BSE) between January and June. Each of the four transactions squeezed LLR’s share price down, from P3.48...

De Beers sells 90% of its production by value to an exclusive list of contract buyers known as sightholders, who are offered stones at 10 sales events or 'sights' held in Gaborone each year.“Macro-economic challenges continue to affect the...

On Wednesday, the minister told state television that government’s discussions with the banks were on issues such as risk, which have in the past prevented citizen entrepreneurs from accessing finance for capital-expansive sectors such as mining...

The homegrown group celebrated its 40th anniversary recently, sharing the journey of its impact over the decades.Where others saw a patch of remote savannah, Wilderness’ pioneers were able to spot potential, building value for the company, the...

Funding for design work and other studies for the three new intersections are included in the Transitional National Development Plan (TNDP), which contains P64 billion in spending plans up to March 2025.The new interchanges will leave the University...