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When launching Belgian diamond firm, HB Antwerp on Monday, President Mokgweetsi Masisi detoured from his prepared remarks, just as he was beginning to make them.“David Magang is a special guest of HB and mine. In all fairness, this is you and you...

Tech has levelled the playing field against the traditionally more competitive diamond centres across the world, further says De Beers.The country currently has 48 diamond-cutting and polishing firms, up from 21 in 2020.Of these, 38 are De Beers’...

The shares sold at P3.16 each, a drop from the P3.51 Grit sold previously on March 7. Prior to that, the Mauritius-domiciled entity, with roots in London, sold at P3.51 in February and P3.48 in December.Grit at one point held more than 30% equity in...

Companies listed on the Botswana Stock Exchange’s (BSE) main Domestic Companies Index have until March 31 to file their full year and interim financials for the period to December 2022, under a listing rule that requires financials to be published...

HB Antwerp, a three-year-old firm that focuses on applying high technology to extract the best value from the diamond ecosystem, opened a state-of-the-art facility at the Diamond Technology Park on Monday.Last November, the firm leveraged its...

Giyani Metals officials are sensitive to the need to manage expectations. And with good reason. It’s not every day that geological studies confirm the existence of billions of Pula in revenue, or verify millions of tonnes of a mineral desperately...

Since the base metal meltdown of 2016, when a commodity price rout crashed operations at BCL Ltd, Discovery Metals and African Copper, the local copper sector has slowly and painfully pulled itself back up from the collapse.As prices have picked up...

The latest bond, which carries a 9.15 percent fixed rate and matures in March 2028, was listed on the Botswana Stock Exchange (BSE) last week. With the placement, Stanbic now has nine outstanding bonds issued under its P2 billion programme, which...

The Norwegian firm won a highly contested tender for the contract last August and this week published an estimate for the costs, as part of disclosures in its annual report.The project is being done on an Independent Power Producer (IPP) basis, where...

Local authorities secured a key legal victory in Brussels recently and have the stones under their control, a situation that will bring finality to the saga at Lerala where creditors had filed claims worth P30 million.“The diamonds are still in...

Since February 2017, Ghaghoo Mine has been on care and maintenance activities which entail keeping the mine's infrastructure in prime condition in preparation for a possible reopening.However, after prioritising a sale of the mine last year and...

For the Non-Bank Financial Institutions Regulatory Authority (NBFIRA), the question of what a pension fund and what it does, is crystal clear.“A pension fund provides for financial stability after you stop working, by providing a stream of income...

Previously, the highest after-tax profits the banks enjoyed was in 2018 at P2.02 billion. Bank of Botswana (BoB) figures released last week indicate that the collective net interest incomes of commercial banks rose to P5 billion last year from P4.4...

The 20.46-carat blue diamond was unearthed at Debswana’s Orapa Mine in the third quarter of 2018. It drew comparisons with the world-famous Hope Diamond, although the local stone has a higher purity and clarity level.The Okavango Blue is expected...

According to the Auditor General’s latest report, which covers the year to March 2021, BMC owed government P248 million while the national airline was on the hook for P230 million and BotswanaPost P140 million.In all three instances, the loans were...