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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...

President Duma Boko has a busy June, rallying global partners for the recovery of natural diamonds at a time when the dreaded trade tariffs by the United States administration are weeks away from kicking in. Boko, accompanied by his top lieutenants,...

Debswana intends to reach carbon neutrality at its operations by 2030 and the adoption of renewable energy forms a major component of this effort. The diamond group presently consumes 410MW of electricity and is engaged in various efforts to convert...

Whilst details on the identity of the creditor were not available at press time, industry insiders indicate the difficulties may have to do with the current or former mining contractor. The funds paid to the mining contractor constitute the highest...

In a notice this week, Mt Burgess officials said Forrester passed away last Friday about a week after resigning as chairman and CEO. Forrester and his wife, Jan, previously told Mmegi how they had sunk their own savings, including selling their...

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 foreign exchange reserves, of which the Pula Fund is the main anchor.Foreign exchange reserves that...

The gap between knowing what to do and doing it, has been the proverbial thorn in the side of public sector policymakers and the reforms they have attempted to make over the decades since the discovery of diamonds.For those tracking the numbers, the...

Government is counting on its domestic debt programme to primarily support the forecast P22.1 billion deficit for the 2025–2026 financial year, with external loans playing a smaller role.However, bidders at the monthly auctions of the government...

The findings are contained in a report released by FIA this week on suspicious transaction reports between January and June 2024.FIA researchers found that Zimbabweans were mainly involved in tax evasion, accounting for about P30.8 million, followed...

In a popular sitcom from the 1990s, the main character once wrestled with how to handle a crisis. As a deadline approached and the pressure mounted, the character did his best to project confidence. Ultimately, he betrayed the raging panic below the...

In the country’s north-west, farmers and their livestock have fought a perennial war for survival against carnivorous predators, which all sides have been losing. Lives have been lost on both sides with farmers perennially counting the cost of...

This week, BBS Bank and Access Bank joined Absa Bank Botswana and Stanbic Bank Botswana in increasing their prime lending rates, the first time commercial banks have uncoupled from the Bank of Botswana’s interest rate guidance since the freedom to...

Absa Bank Botswana, Stanbic Bank Botswana, and BBS Bank raised their lending rates by between 75 and 100 basis points, as the impact of a long-running liquidity crunch in the local capital market came to bear.Since April 2023, banks have been able to...

The people of Francistown have every right to be sceptical. The tale of the economy of the northern city is one of bright but broken promises, hopes built then dashed, the kind of situation that makes citizens become resistant to hope.Francistowners...