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The Pan-African Payment and Settlement System (PAPSS) is a centralised platform that enables participating African countries and their currencies to make payments across the continent’s borders, without the added costs of conversion to hard...

According to figures published by Statistics Botswana this week, the 0.3 percent drop in economic value added in the first quarter, compares to a contraction of 5.2 percent for the corresponding period last year.In terms of sectors, while key areas...

Gaolathe, who is also the Finance Minister, attended the OPEC Fund’s Development Forum earlier this month as part of his engagements with investors and funding partners.A statement released by the OPEC Fund says the loan complements a package from...

At least 6,000 delegates from across the continent and the Caribbean are meeting this week in the Nigerian capital, hosted by Afreximbank, the pan-African trade bank with assets exceeding $40 billion.The annual meeting comes under the shadow of...

Jason Miller, widely recognised as Trump’s right-hand man and a key adviser in his 2016, 2020 and 2024 election campaigns, told more than 3,000 delegates at the Afreximbank Annual Meetings yesterday that much had changed in the countries benefiting...

It’s quite easy to conflate the downturn in diamonds with a slump in the general mining industry. In fact, it’s almost inevitable.After all, diamonds dominate receipts earned from the mining sector in terms of tax revenues, royalties and...

In a statement, OWS officials said the event would be held from June 26 to 27 in Maun. The officials said the Expo stands as a testament to OWS's enduring commitment to building a sustainable tourism value chain anchored in citizen economic...

As explained by Mompoloki Lettie Pitlagano, Senior Manager - Environment, Social and Governance Integration, Debswana aims to leverage its position as one of the country’s leading corporate entities, to set the standard for responsible mining and...

Debswana’s tagline “Mining Diamonds, Enriching the Nation,” belies the fact that the company takes great care to ensure that this effort is carried out in the most ethical and sustainable way possible, through the efforts of a diversified and...

“You can’t grow love in a lab,” was President Duma Boko’s rallying call in Las Vegas and New York last week, as he marshalled the natural diamond world to partner for a recovery.Natural diamonds have been in a slump since late 2023 due to a...

The global natural diamond industry met in Las Vegas and New York last week, with players agreeing that provenance as well as highlighting the ethical, sustainable, and developmental role of natural diamonds, is key to their recovery from a nearly...

The prolonged decline in diamond receipts, coupled with steady imports and the lack of other strong foreign currency earners, has meant a slide in the reserves over the months.In January, the Bank of Botswana (BoB) increased the trading margin used...

Boko, Minerals and Energy minister Bogolo Kenewendo, and leaders of other key organisations such as Debswana, the Okavango Diamond Company, and the Minerals Development Company of Botswana, are in the west American city for the biggest trade show of...

The latest forecast comes as Finance ministry technocrats prepare the country’s inaugural mid-term budget, which will provide a half-year revision of the estimates provided in the February budget.In a week in which the country was shaken by more...

In the diamond world, traditionally, each player in the pipeline focuses on their core strengths. Producers such as Botswana focus on how they can extract diamonds most efficiently, while also taking care to bring these natural rarities from deep in...