Author

Brian Benza
  • Debswana saves P1bn through cost-cutting

    Under its high performance promise strategy the company, which saw its earnings drop 37% in 2015, last year effected a range of measures to improve operational efficiencies  while it also concentrated  production on its high value and low...

  • Sese power project granted tax breaks

    ASX-listed coal and energy junior, African Energy on Wednesday announced that the Ministry of Finance and Economic Development has approved the Sese Joint Venture’s (JV) application for a Manufacturing Development Approval Order (DAO) for the...

  • Switch to dumps saves 500 jobs at Letlhakane Mine

    Managing director, Balisi Bonyongo told stakeholders in Gaborone this week that the 42-year-old mine will come to the end of its lifespan this month and the company will shift production to mining dumps. “The project will provide a...

  • Morupule’s new coal mine hangs in balance

    The new mine is supposed to supply coal to a new power station at Morupule B whose construction has been delayed due a dispute between government and the Independent Power Producers (IPPs). Japan’s Marubeni and South Korea’s Posco last...

  • Morupule B expansion stalled as contractor demands P8bn surety

    Unit 5 and 6 is Botswana’s first Independent Power Producers (IPP) project where the contractor funds construction of the power station and recoup their investment from selling power to BPC. Construction of the plant was supposed to have...

  • Pressure on households seen persisting

    Last week, Statistics Botswana released the 2016 full-year economic growth figures, which showed a significant improvement in real gross domestic product (GDP) to 4.3% from a negative growth rate of 1.7% in 2015. However, the statistics show that...

  • CA approves Fleming takeover

    Impaired by the loss of a P4 billion mandate with Botswana Public Officers Pension Fund (BPOPF) in July last year, Fleming has been knocked down from being one of the oldest and largest asset management companies in the country, losing other key...

  • Services pull economy out of red

    Figures published by Statistics Botswana (SB) recently showed that from a 1.7% negative growth in 2015, the economy registered positive growth last year mainly due to significant contributions from trade, hotels and restaurants and transport and...

  • BPC, Eskom sign new power import deal

    BPC spokesperson, Dineo Seleke yesterday told Mmegi Business that the new deal replaces the one that expired in December 2015. “The corporation is currently undertaking remediation of Morupule B and refurbishment of Morupule A, which is...

  • Business as usual at mines after earthquake

    The Botswana Geoscience Institute (BCI) yesterday confirmed that the earthquake, which was caused by tectonic movements of the earth, struck  132 kilometres west of Moiyabana village at a depth of 29 kilometres below the ground. General manager...

  • Motswana clinches top CEO job in Canada

    Boitumelo has been appointed president and chief operating officer (COO) of Diavik Diamonds, a mining operation in the Canadian remote Northwest region jointly owned by global mining giants, Rio Tinto (60%) and Dominion Diamonds (40%). Announcing...

  • Sese coal project gets key mining licence

    The Sese coal project becomes only the third coal mining licence holder in the country after Morupule Coal Mine and Jindal’s Mmamabula project.  Announcing the milestone, African Energy said the mining licence covers an area of 51.47...

  • Chinese oil giant buys Caltex Botswana

    Chevron operates in Botswana using the Caltex brand name in the retail market operated by a company called Fuel in Motion while its commercial business is run through Kwa Nokeng Oil. In a statement, the Chinese oil company said after a public...

  • Nkomati: BCL’s curate egg

    The sudden closure of BCL has been largely blamed on the botched P3 billion deal to buy half of  Nkomati Mine from Russia’s Norilsk Nickel. A few days after the closure of the mine, former BCL chairperson Khaulani Fichani hinted to...

  • Bigwigs lose big in Fleming takeover deal

    Mmegi Business has learnt that the shareholders of fund manager, Fleming Asset Management have reportedly accepted a P20 million bid for the company, which is a fifth of an offer price they declined just over year ago before the firm ran into...

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