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So far out of the public eye did Brink keep that in publishing his death notification this week, local media could not accurately locate a photograph of the man who many suspect was the country’s richest and most powerful ever.While not uncommon,...

The diamond giant last week announced that it was developing plans against a possible slowdown or recession in global economic activity, which would impact on the demand for the precious stones.“The high-level plan currently has no bearing on...

By law, a ‘beneficial owner’ is defined as a person who directly or indirectly, through any contract, arrangement, understanding, relationship or otherwise is the ultimate beneficiary of a share or other securities in a company.Amendments to the...

One of the reasons many politicians in Africa are resisting a fast-tracked transition from fossil fuels is because of the impact this will have on jobs and the associated social welfare, community economy and indicators such as poverty, disease,...

The bonds, which were privately placed with investors, are part of the BSB’s P1 billion note issuance programme announced last March.According to a series of announcements made on the Botswana Stock Exchange, the BSB raised P82 million, P60...

BusinessWeek has learnt that on top of the existing tight protocols on governance required of African governments to remain as AGOA beneficiaries, the US also wants more adherence to Environment, Social and Governance (ESG) standards from the African...

The last time the budget recorded a first half surplus was in 2014-15 with P859 million, according to BoB records available online.Finance Ministry technocrats have not yet revised their expectations of a P7.7 billion deficit for the current fiscal...

“The business has started preparations for recession planning in anticipation of a global recession in 2023 which will no doubt adversely affect the sales of diamonds in our major markets,” Debswana managing director, Andrew Motsomi said in a...

The BoB, as government’s banker, conducts monthly auctions of treasury bills as well as bonds to primary dealers who are exclusively banks. At the auctions, the dealers compete to lend to the government by offering the yields they are seeking, with...

Data released by the Bank of Botswana indicates that last year, the local currency fell by 8.1 percent against the US dollar, one of the single most important currencies for the local economy as it is the trading currency for rough diamonds.While...

Since the beginning of the financial year in April, the government raised P9.59 billion from the domestic capital market, with interest rates rising throughout the period.However, it was the forays into external, foreign currency-denominated debt...

They may call each other ‘brothers’ and pass ‘fraternal greetings’ at every opportunity.And indeed they are. But African countries are also each other’s rivals for foreign investor attention, the kind that brings in capital, skills...

BSE shinesAny review of 2022 cannot be complete without mentioning the performance of the Botswana Stock Exchange (BSE), specifically its flagship platform, the Domestic Companies Index (DCI).As at December 21, the DCI had gained 9.99 percent in the...

Africa 50, based in Morocco, was established to help bridge Africa’s infrastructure funding gap by facilitating project development, mobilising public and private sector finance, and investing in infrastructure on the continent.Africa50 focuses on...

One story dominated all others in the discourse about the economy this year and with good reason. Unlike other economic topics which often involve technical jargon that limits discussions to those “in the know”, inflation or the cost of living...