Author

Brian Benza
  • Okavango Diamond MD takes over at MDCB

    Minerals Resources, Green Technology and Energy Security minister, Sadique Kebonang made the announcement this week saying Frears will begin his new Job on August 1, 2017. Frears takes over from Paul Smith who parted ways with the company two months...

  • Cut 9 deal triggered early talks with De Beers – Kebonang

    The Mineral Resources, Green Technology and Energy Security minister, Sadique Kebonang told the media on Tuesday that due to the commitment that De Beers has pledged to invest in the Cut 9 Project, the two parties have agreed to begin negotiations...

  • Botswana bans poultry imports from SA

    The ban follows the discovery of the highly pathogenic avian influenza (Bird Flu) in a broiler breeder site in Mpumalanga province last week.  The Bird Flu is a rapidly spreading viral disease that can infect many types of birds and it is highly...

  • Shareholders asked to inject P28m into Pula Steel

    Judicial manager, Vijay Kalyanaraman said creditors of Pula Steel, who are owed P100 million, yesterday gave him the green light to seek the P28 million injection from shareholders. Pula Steel is currently owned by BCL (67%), Verma Family (22%) with...

  • Over 160 firms bid for 100MW solar tender

     In a statement released this week, BPC said following the closure of the submissions for the Expression of Interest (EIO) on June 14, they will, over the next four weeks, select a short list of companies for the next stage of the tendering...

  • Banks’ lending to business quickens

    Addressing the media in Gaborone this week, governor Moses Pelaelo said even though overall credit growth has been declining, lending to businesses, excluding parastatals, is increasing at a higher rate. “Business credit growth stood at 9.3%...

  • Botswana Oil sparks activity in CTL industry

    In a tender flighted this week, the state-owned oil company said, together with the Ministry of Mineral Resources, Green Technology and Energy Security they are seeking prospective private companies and or parastatal bidders to undertake a bankable...

  • Makwinja appointed Botswana Railways CEO

    The Minister of Transport and Communications, Kitso Mokaila announced the appointment this week saying Makwinja will start work on July 1, on a three-year contract.  “He (Makwinja) was the successful candidate from the shortlisted people....

  • July Parley to review mining laws

    Addressing the 14th edition of the Botswana Resource Sector Conference in Gaborone yesterday, Mineral Resources, Green Technology and Energy Security minister, Sadique Kebonang said the laws under review include the Mines and Minerals Act, the...

  • Morupule B bungle costs gov’t additional P5bn

    Built by China National Electric Equipment Corporation (CNEEC), the 600MW plant was supposed to be fully completed by October 2012, but has not been fully operational to date due to technical faults forcing Botswana Power Corporation (BPC) to...

  • Morupule B P8bn contract dispute heads to Parly

    Parliament is currently on recess and will only resume business in July. Japanese contractor, Marubeni and Co. was last year awarded the tender to expand Morupule B power plant by another 300MW (Unit 5&6), but, at the last minute, demanded a P8.5...

  • Rival bid for BCL against EIH

    Provisional liquidator, Nigel Dixon-Warren told Mmegi BusinessWeek on Wednesday that he has received a high level offer from a company within the SADC region, which is interested in primarily buying Tati Mine at this stage and possibly BCL when the...

  • Gov’t in complex BCL swap deal with EIH

    Minerals, Energy Security and Green Technology minister, Sadique Kebonang told BusinessWeek Wednesday that EIH was due to complete due diligence on Nkomati on Friday (today), which will inform whether government requests for another extension...

  • World Bank calls for audit of large mining deals

    Through various large-scale mining, sales and marketing contracts with De Beers, Botswana earns over 80% of its foreign exchange income and 30% of national revenues from mining, which is primarily diamonds. Launching a report titled Botswana Mining...

  • Arabs offer to buy ‘disputed’ Nkomati stake

    The 50% stake in Nkomati is under a legal dispute between BCL and Norilsk Nickel, with the Russians claiming they are owed $271 million by the BCL Group since a 2014 deal for the stake was now unconditional and binding.  BCL and government on...

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