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The High Court recently interdicted the sale of the gold mine, siding with one of the bidders, Ulsan Botswana, which claimed irregularities in the process used to award Nova Africa the rights to purchase.Nova Africa, which was offering $21 million as...

There’s a wonderful thing about words, how two seemingly similar words can mean totally different things. Wordsmiths know this very well how connotations and context flow in between unassuming letters, words and sentences.The difference between a...

According to a presentation made this week at the Botswana Mining Show, the plan, referred to as 'The Thrive Opportunities', involves activities such as solar power generation, biofuel generation, data monetisation, local manufacturing,...

Currently, the bulk of RDC’s P6 billion portfolio consists of retail and office assets. In Botswana, RDC’s most well-known leisure asset is the Chobe Marina Lodge, one of the land market properties along the Chobe riverfront.In an analyst...

Renowned diamond industry expert, Sheila Khama, says Angola’s proposal for a regional partnership to takeover De Beers, is not advisable.“The idea’s pan-African undertones may resonate with some but is easier said than done,” she wrote in an...

Data centres are a key priority across the globe, as they house critical infrastructure for the internet and the digital economy, providing secure and reliable storage as well as processing for vast amounts of data. Major corporations such as Meta...

The central bank, government’s agent in the local capital market, has generally missed its fundraising targets at each of the monthly auctions of government-backed treasury bills and bonds since July last year.The auctions have been hit by...

Data shared on Wednesday by Statistics Botswana indicates that inflation rose to 3.7 percent in September, from 1.4 percent in August, confirming expectations by the Bank of Botswana and various other economic commentators.The major driver of higher...

Bank of Botswana figures show that between January and June, the value of the pension funds rose by less than three percent due to a sharp drop recorded in March when the figures sank to P145.9 billion from P152.7 billion in Feb. The decrease was...

The recent tender of stones, estimated by Bloomberg to have a value of $100 million, resulted in bids below what the state-owned diamond trader was looking for.Rough diamond prices have been under strain for a prolonged period, largely due to the...

The eagerly-awaited power project, one of the two final coal-fired plants planned for the country, is being developed as an Independent Power Project with Jindal carrying the costs of building the power station, running and maintaining it, whilst...

Preliminary data released by the Bank of Botswana shows that diamond exports began the year significantly weaker, being measured at P7.8 billion in the first quarter, compared to P11.7 billion over the corresponding period last year. However, in the...

No one needs to be reminded that the economy is in trouble. It doesn’t take the 5.3% contraction in the second quarter to tell you that economic activity and opportunities have significantly tightened.Much of the challenges are linked to the...

Traditionally, the diamond industry records its highest sales each year between Thanksgiving in the United States and the Chinese New Year, as couples get engaged, married and people exchange gifts over the festive period.The US accounts for more...

In April, the IMF forecast a 0.4 percent contraction, again based on the performance of diamonds. The Finance Ministry, in its last projections, said it expects the economy to contract by 0.4 percent.In a statement following meetings with local...