BTC Banner
BTC Banner

Lazare Kaplan presses ahead with US$333m facility

Friday, September 17, 2010
No Image

Local diamond cutting and polishing company and DTCB sightholder, Lazare Kaplan Botswana (LKB), says it is in a healthy financial position and it is pressing ahead with the delayed US$333 million financing facility meant to benefit the 16 sightholder companies in Botswana.

This week, the international media was awash with reports that LKB's parent company, Lazare Kaplan International's future was uncertain following its latest filing to the USA's Securities and Exchange Commission (SEC) in which the company said that it was unsure whether it would be continuing to operate.

In an interview in Gaborone this week, managing director of LKB, Alfred Dube, quashed reports that his company is in financial distress, saying it was business as usual at LKB and all of its subsidiaries around the world.

Latest Stories
Ramogapi. PIC MORERI SEJAKGOMO

Ramogapi, Palapye’s dapperly garbed legislators

Ryder Gabathuse | 12 Dec 2025

Citizenship isn't for sale—Mokgware

Goitsemodimo Kaelo | 1d ago

Intervene early, don't rely on death penalty—Boko

Opelo Rakereng | 1d ago

Micro-procurement maze demands urgent reform

The Monitor Editor | 1d ago

Christmas tree charcuterie

Michelle Phetlhe | 1d ago

Ditori Comedy Night: Laughter echoes through the night

Nnasaretha Kgamanyane | 1d ago

A mother's enduring GBV grief: 'I forgave Africa's killer'

Sharon Mathala,Laone Choeunyane | 1d ago

Mortgage loans remain mute into Q3- FSC

Lewanika Timothy | 1d ago
Read Print Edition
front page 1
Editor's Comment
Micro-procurement maze demands urgent reform

Whilst celebrating milestones in inclusivity, with notably P5 billion awarded to vulnerable groups, the report sounds a 'siren' on a dangerous and growing trend: the ballooning use of micro-procurement. That this method, designed for small-scale, efficient purchases, now accounts for a staggering 25% (P8 billion) of total procurement value is not a sign of agility, but a 'red flag'. The PPRA’s warning is unequivocal and must be...

The Monitor Editor | 16 December 2025
Selefu
MONDAY MMEGI ONLINE 15 DEC
Have a Story? Send Us a tip
arrow up
Explore Subscribe to Mmegi Online
Receive latest and breaking news via email
About us

Mmegi is the leading independent source of breaking news, latest news, current
affairs, Politics, Business, Sport, debates, analysis, and entertainment news in Botswana.

Latest News
News
Business
Sport
Lifestyle
Features
Opinion & Analysis
Blogs
Sponsored
World
Full Picture
Featured Video
Classified
© 2020 - Dikgang Publishing Company. All Rights Reserved.