Author

Amendments to the Value Added Tax Act passed by Parliament in August are awaiting assent by President Duma Boko. The Botswana Unified Revenue Service (BURS) is meanwhile working around the clock to prepare for the changes, with deputy secretary of...

In a statement on Wednesday night, the Antwerp World Diamond Centre (AWDC) announced that its exports to the US were now free from tariffs. The US is now applying an arrangement where certain products can be imported at zero tariff if a bilateral...

After a short-lived honeymoon period, the new government has spent most of the first year of its tenure battling to steer the country away from a fiscal cliff and lay the tent pegs of economic transformation.Thanks to a confluence of adverse factors,...

A statement seen by Mmegi indicates that Angola's state-owned diamond miner, Endiama, has submitted a "fully financed offer to acquire a strategic minority stake in De Beers".Angola believes De Beers’ future depends on remaining a...

Preliminary figures from Statistics Botswana released this week indicate that the second quarter of the year jumped to a P1.6 billion surplus, following a string of deficits for all the quarters up to the Q2, 2023. In the first quarter of the year,...

The global ratings agency announced its decision over the weekend, marking the first downgrade since March 2020 when the country’s economy was clouded by COVID-19.S&P said the downgrade was due to the deterioration of public finances, due largely...

The price of money in the country has become a highly changeable, moving target that has pinched the pockets of ordinary households.Prime lending rates, the interest rates banks charge their best customers, uncoupled from the Bank of Botswana anchor...

The pace of food imports comes as the country’s foreign reserves decline due to the prolonged diamond downturn. The Bank of Botswana has said retail, including food, is amongst the biggest consumers of foreign currency in the country, together with...

Austrian investor, Cevdet Caner, and his investment firm, NIU Invest SE, have pledged to invest $200 million (P2.7bn) over a 10-year period to bring Phoenix Mine at Tataki back to profitable operations, creating more than 3,000 direct and indirect...

The forecasts emerged this week as weather scientists from SADC finalised their annual meeting held prior to the onset of the rain season. The Southern African Regional Climate Outlook (SARCOF) meeting, held in Zambia this year, concluded on Thursday...

FNBB is comfortably the country’s biggest bank by all metrics, boasting a customer base of more than 700,000 and a loan book of P20.6 billion as at June 2025. For the year to June, FNBB’s pretax profits rose six percent to P1.9 billion, defying...

Listed companies are expected to begin reporting their interim and full-year results this month, and already, several major counters have announced that they expect lower returns. Absa Bank Botswana expects its pretax profits to be down by as much as...

India, which accounts for 90% of cutting and polishing activities in the industry, presently has one of the highest tariffs for entry to the US at 50%, while another major centre China, has equally been hit at about 30%.Other diamond centres such as...

Under the Luanda Accord signed by Botswana, De Beers, other African diamond producers and the Natural Diamond Council recently, all members will contribute one percent of their revenues to an industry-wide, global marketing campaign.That campaign is...

According to data released last week by Henley & Partners in partnership with wealth intelligence firm, New World Wealth, the numbers of the super-rich are growing in the country.The Africa Wealth Report is the continent’s most comprehensive...