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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...

At the time of the original 2025–2026 budget speech in February, government expected revenues to reach P75.5 billion, with minerals contributing P15.8 billion or about 21%. The budget was due to carry a deficit of P22.1 billion or 7.6 percent of...

The local financial market has been weighed down by a liquidity crisis since last year, mainly owing to reduced government spending amidst the prolonged downturn in diamonds.Private credit, meanwhile, which involves non-bank entities such as pension...

The establishment of a P5 billion fund and emergency mechanisms to resolve the long-boiling crisis in the country’s public health sector, could not have come sooner.The majority of the country’s population depends on the public healthcare system...

The central bank now expects inflation next year to average 5.9 percent, up from the 4.6 percent forecast in June.Speaking at a briefing held after the August Monetary Policy Committee meeting last week, BoB governor, Cornelius Dekop, said the...

“We have been lobbying and discussing with our partners around the world on what is needed for differentiation. “As we were busy engaging partners, we also realised that our legal framework here needs a lot more tweaking to accommodate the...

On August 26, bidders lock horns on whose offer is the best to take over Mupane Gold Mine, the country’s sole gold operation where operations have been suspended since March 2024.According to documents circulating recently, of the ten companies...

“We continuously have consultations with commercial banks to discourage interest rate changes which are counter to monetary policy stance and economic situation, as well as other stakeholders to address unwarranted price increases,” Governor...

De Beers, the company most responsible for the value assigned to natural diamonds and boasting the most diamond discoveries ever on Earth, has become almost preternaturally adept at forecasting where demand for the stones will come from in the...

BPOPF CEO, Moemedi Malindah, told BusinessWeek that the fund was alive to the economic challenges in the country, as well as the need to be more active in stimulating activity that will spur employment creation.“We cannot act as though we are...

For years, the BSE and its partners in the Botswana Bond Market Association advocated for the use of municipal bonds as a viable infrastructure development financing mechanism. Municipal bonds, as used all over the world, are debt instruments that...

A notice to the Botswana Stock Exchange this afternoon indicates that more than 99% of the shareholders present at an Extraordinary General Meeting convened for the transaction yesterday, voted in favour of the deal.Under the terms of the...

A bigger stake in De Beers would fulfil Botswana’s dream of controlling the diamond industry from mine to market and the company’s valuation is possibly at its cheapest ever. However, a larger stake also means shouldering more for projects such...