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The Delta is the country’s most prized tourism destination, with nights fetching in the thousands of US dollars, and the clients who fly in from across the world have to book well in advance to experience the World Heritage Site.Singita, a...

Mmegi: You recently participated in the National Renewable Energy Dialogue at which Vice President Ndaba Gaolathe made his inaugural remarks. Why was it important for the Bank to participate in this dialogue?Pheko-Moshagane: The bank's...

In its heydays, De Beers, which is responsible for discovering 40% of all the planet’s known diamond-bearing rocks in history, was exploring in 20 countries, spending $100 million annually. However, in recent years, it trimmed its search down to...

The country’s oldest commercial bank has this year continued the robust performance seen in 2023 when its share price jumped 85%, second only to leisure tourism group Chobe Holdings, whose share price jumped nearly 88%. This year,Stanchart’s...

Under the updated Non-Bank Financial Institutions Regulatory Authority (NBFIRA) Pension Fund Rules, local pension funds are required to gradually increase the proportion of assets they hold domestically to 50% in the years to December 2027.According...

Former Bank of Botswana governor, Moses Pelaelo, remembers Quill Hermans’ steadfast integrity.“In Quill Hermans’ central bank, if you stole a bar of soap from the bathroom, you are gone.“You cannot be in the central bank and steal.“He...

Speaking at the FACETS diamond conference in Antwerp, Belgium on Tuesday, Cook said early indications were that retail demand for diamond jewellery was warmer than the diamond giant had expected this season.Traditionally for De Beers, the period...

NBFIRA regulates the activities of the insurance sector, non-bank lenders such as pawn brokers, capital market players such as the stock exchange, pension funds and asset managers, as well as virtual asset services such as cryptocurrencies. As at...

Bonds are financial instruments issued by government and corporates to borrow money from the market. Secondary market trades involve sales of bonds by those who bought the bonds at their original floating by issuers such as governments and...

Since July, the central bank, acting as the government’s agent, has floated treasury bills and bonds seeking a total of P13.1 billion, but has only raised P9.4 billion or about 72%.Before July, the BoB was meeting its debt targets, with...

The country’s vice president and finance minister, Ndaba Gaolathe, says the state of public finances is worse than the new administration expected to find. Addressing journalists on Thursday, three days after he was appointed Finance Minister,...

While government and De Beers signed an agreement in principle last June and heads of terms in October, the two sides are yet to finalise the agreement that will govern the sale of diamonds from Debswana mines into the future.Under the agreement in...

In a market update, directors said the key substation was due to be completed by the end of the year, marking a significant step towards evacuating power into the national grid. Lesedi is Tlou’s most advanced project, with the project targeting the...

In the April edition of its World Economic Outlook (WEO), the IMF had projected 3.6 percent growth for Botswana in 2024, whilst government at the time of the February budget speech, expected a 4.2 percent expansion.In a September update, after...

The October 25 auction is the fourth monthly auction in a row at which the Bank of Botswana, as government’s banker, has missed the debt targets it sought to raise from the capital market.The BoB conducts monthly auctions of short-term treasury...