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De Beers, which gets about 75 percent of its output from Botswana mines, pays government of Botswana 80 cents out of every dollar derived from Debswana revenues. According to figures released yesterday by the parent company, Anglo American production...

According to the Finscope consumer survey conducted by Finmark Trust, financial inclusion has increased to 76 percent from 69 percent in 2009 with increased access to formal banking services, microlenders, Posocards and informal services such as...

In a Systematic Country Diagnostic (SCD) report released recently, the World Bank says while the reduction in reliance on diamonds, as the anchor to economic output is welcome, growth that is largely dependent on consumer spending is not maintainable...

In a Systematic Country Diagnostic (SCD) report released recently, the World Bank says one reason for the declining performance may be the transition of Statistics Botswana (SB), which became an independent agency in 2010. “At the moment,...

Promoters of the mine, Firestone Diamonds announced this week that they have entered into a conditional agreement for the disposal of BK11 to a Canadian firm, Tango Mining for a total consideration of $8 million (P80 million). In a statement...

In an Expression of Interest (EOI) notice published on Tuesday, the government of Botswana invited bids from companies interested in building and operating a solar power station to supply Jwaneng as well as the northwest region, where copper mines...

The construction of the mine is set to start in 2016 with the first copper shipment to the markets expected in 2018. Addressing the media in Gaborone yesterday, Cupric Africa Chief Executive Officer, Sam Rasmussen said the mine will produce 50,000...

In the previous year to March 2014, the Society’s profits declined four percent to P68 million. This year’s profit rise comes as the Society prepares to bolster its revenue by venturing into commercial banking sector with the submission...

According to figures released by Statistics Botswana this week, Real Gross Domestic Product (GDP) increased by 4.3 percent in the first quarter of 2015 compared to 3.6 percent accrued in the same quarter in 2014. “At industry level, most of...

The Botswana Stock Exchange (BSE) Listed coal junior on Tuesday released an Environmental Impact Assessment (EIA) public notice for the Photo Voltaic project, which will include an initial 100MW power plant, with a plan to increase to...

Earlier in the year, the Bank of Botswana was forced to release P2.3 billion into the banking system, following a liquidity crunch caused by years of unsustainably high credit growth set against stagnant deposits growth. The BPOPF, which holds a...

The greenfield venture, which recently concluded a P90 million private placement, has already been granted regulatory approval to list 240 million ordinary shares on the Venture Capital board of the BSE. Local fund managers such as African Alliance,...

Pursuant to an application made by Standard Chartered Bank, Discovery Metals was early this year placed under provisional liquidation after failing to meet its financial obligations amounting to over $137 million (P1.3 billion), to various...

These are the views of the United Nations Development Programme (UNDP) administrator, Helen Clark who says this would also allow the country to leap into the next phase of social and economic development. Set to be achieved by 2030, SDGs will kick...

A survey conducted by the Bank of Botswana (BoB) reflects an increasingly challenging operating environment, with more than half of business owners more pessimistic about their prospects on the back of weak domestic demand, shortages of skilled...