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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...

In a statement, the union said it was committed to working with the new administration and Parliament on poverty eradication, economic recovery, trade and investment, and respect and fulfilment of workers’ rights in the mining industry. The...

The Finance Ministry’s website, the go-to source fiscal data, has been quiet this year. While traditionally, the release of data sets from the Ministry is a notoriously slow affair, this financial year, reports suggest that the challenges in the...

At present, the country’s sole gold mine is Mupane where work has been suspended since March due to financial constraints. North Arrow last week announced that it had successfully raised $2.2 million as part of earning a 60% equity interest in the...

Earlier in the year, President Mokgweetsi Masisi and the ruling party seemed headed for an untroubled second term, with a popular suite of policies and the record P102 billion budget anchoring the president’s campaign.However, by mid-year, the...

Duncan Wanblad, the CEO of Anglo American which holds 85% equity in De Beers, said assessment of the situation was continuing to guide any further production decisions.“As previously announced, we reduced rough diamond production from De Beers in...

From January 2025, the country of origin will be expanded to rough diamonds above one carat in size.The announcement this week comes as De Beers and the natural diamond industry mount a festive season marketing campaign that is crucial to a...

According to figures released by Statistics Botswana, Maun International Airport, which is the primary gateway to the country’s tourism heartland, saw a 66% increase in passenger volumes, while the other tourism airport, Kasane International,...

Under government’s domestic note issuance programme, the BoB floats bonds and Treasury Bills each month to raise debt for government in the capital market. The programme’s ceiling was raised to P55 billion earlier this year after the previous P30...

The BSE’s last Initial Public Offer (IPO) was in 2017 whilst the last listing was in 2018, a performance the exchange has been fighting to turn around over the years through various initiatives.In an update for the year to September 30, BSE...