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Carried from the Earth’s core over thousands of kilometres by geological processes, the fact that three of these small shiny stones were spotted in Motloutse River in 1959 is a miracle. An even bigger miracle, however, is that after a journey over...

Anglo American, the majority shareholder in De Beers, on Thursday released figures showing that diamond production in Botswana fell 24% in the first six months of the year when compared to the same period last year. The diamond group which, in...

The changes are part of a suite of proposed amendments to the Mines and Minerals Act, the legislative backbone of the country’s mining industry. The amendments were gazetted at the end of May and were first tabled in Parliament on Tuesday when the...

Led by deputy permanent secretary, Gideon Mmolawa, the local delegation is joining senior representatives of other African nations who are pressing for the renewal of the preferential trade deal with the world’s richest nation.The US capital this...

The numbers compare to volumes of 251,781 tonnes and P62.3 million in the fourth quarter of last year. The improvement bodes well for Botswana Railways, the national rail carrier which has struggled to break even or move into surplus for several...

Rather than a one day celebration, Debswana has chosen a three-month campaign for its 55th, which will be anchored on story-telling by employees and other stakeholders on how the diamond company has touched their lives.The anniversary’s theme is...

The energy storage system, a key project under government’s Integrated Resource Plan (IRP), will support the wave of renewable energy generation in the country, allowing “smooth integration” in the national grid.In a statement, the World Bank...

Earlier this year, in its World Economic Outlook, the IMF had projected 3.6 percent growth for Botswana in 2024. Government at the time of the February budget speech projected a 4.2 percent expansion, but the Bank of Botswana recently said this would...

As bad as the diamond numbers are, some analysts on the retail end of the spectrum are seeing some positive signs.And the retail end is where the light is required. The slump that caused a 5.3% contraction in the economy this year, largely traces...

According to the 2024/25 forecasts from the Finance Ministry, mineral revenues were expected to provide about 27% of budget revenues for the financial year, at an estimated P25.2 billion. Mineral revenues comprise taxes, royalties and dividends on...

Statistics Botswana figures indicate that the annual rate of inflation was slightly softer in June owing to base effects particularly associated with transport.In the 12 months to June 2024, the single highest increase in average prices has been in...

Directors say the move, which could involve P250.1 million for 217 million shares, would also be a signal to investors that Letshego has excess capital and is “therefore attractive to other investors that they should invest in Letshego”. This...

A half-year trading report released by the bourse this week indicates that the market capitalisation of firms listed on the Domestic Companies Index (DCI) rose from P42.9 billion on June 30 last year, to P50.3 billion on June 30 this year.Average...

The United States may not directly admit it, but to a great extent, the world’s most powerful military believes part of the reason it is losing allies in areas like West Africa, is because geopolitical rivals, particularly Russia, have amped up...

As at December 2023, Access Bank PLC held 78.15% equity in the local bank, a stake acquired through the purchase of ABC Holdings’ equity in early 2021. Over the two deals last week, Access reduced its direct shareholding in Access Bank Botswana...