ODC Managing Director, Mmetla Masire, said the number at the recent auction was impressive as this was the first exclusive offer for citizens, despite the fact that no company managed to buy goods during the auction.“Local participation was...
Addressing a recent Jwaneng mine media tour, the officials revealed the country has mined over 58% of its total diamond deposits, leaving behind 42% that is currently being mined.They said the latest data points the country to an eminent end of...
Masisi, whose country Botswana produces gem quality stones, added the synthetics have rapidly gained ground in the market posing both challenges and opportunities for the industry.“At first glance, the rise of LGDs may seem like a formidable...
The decision is yet another indicator of the pressures in the diamond market after the most challenging year since 2019, with falling prices and consumer demand.ODC’s announcement this week echoes a recent decision by De Beers to give its rough...
Known as Cut 9, the P22 billion project to expand Jwaneng Mine involves deepening the iconic pit beyond 650 metres to tap into an ore body that will yield approximately 48 million carats and support the mine to its end of life in 2035.The project is...
On Monday when opening the Botswana Bond Market Association's (BBMA) roundtable, BSE CEO Thapelo Tsheole said similar requests were coming in from around the region at different levels of advancement.“One of the things that we are seeing,...
A statement from the bank says Moroka, who is also De Beers Botswana CEO, will leave on October 31. He will also be exiting as a independent non-executive director of the bank.Moroka joined the Absa Botswana board in July 2021.He will be replaced as...
Despite its infant status in the tourism space with just three years in business, the travel agency is making huge strides in becoming a top destination management entity in the local market.The company is a destination management company that...
As part of the recently launched strategy, the company seeks to double its salt and soda ash production capacity whilst adding a new product, sodium bicarbonate.Botash recently launched its five-year strategy dubbed, ‘Double in Five Safely’. The...
The move marks a significant step forward for the company as it expands its regional footprint and brings innovative solutions to the dynamic Botswana market.Tano Digital Solutions Botswana country general manager, Tefo Noke, said the launch marks a...
In the second quarter of 2022 copper in concentrates production stood at a little over 10, 000 tonnes and in the same quarter of 2023 copper in concentrate rose to over 16, 000 tonnes, an increase of over 50%.The uptick in copper production is the...
Last year’s fines are more than six times what the BoB handed out to banks for non-compliance in 2021, trend analysis by BusinessWeek indicates. According to the central bank’s Banking Supervision Report (BSR) for 2022 released on Wednesday, five...
Officially opening this week’s International Association of Gaming Regulators (IAGR) conference, said the plan is expected to create 2,797 direct jobs. “Our licensing plan supports Small, Medium and Micro-Enterprises (SMMEs) and will also bring...
BusinessWeek has learnt that Botswana is amongst one of the priorities for Airlink, which over the years has built a formidable presence in the region’s skies. Airlink has up to 50 return flights a week to Gaborone, Maun and Kasane, a stiff...
The platinum deposits have been spotted in the Gantsi and Chobe areas. Platinum is a rare mineral with wide industrial usages, including in the production of optical fibres and turbine blades.One of the critical minerals, manganese, has been...
Known as “principle-aligned nature conservation financing” the loan sealed between Standard Bank and Wilderness represents a first for the African market.Standard Bank head of Corporate Financing Solutions in the Corporate and Investment Banking...
The projects addressed critical areas such as horticulture, aquaculture, apiculture development, food and nutrition policy development, post-harvest loss management, the cultivation of good agricultural practices, quality management systems, and the...
In an update to investors last week, PNRL directors said construction of a new mill for the Selebi shaft would begin in the third quarter of 2025, with commissioning of the mill and operations kicking off in the last quarter of 2026.Between now and...
Case in point is Modisaotsile Tshuma, a young and highly motivated entrepreneur who eight years ago used his welding skills and passion to set up his enterprise.His Palapye-based company, which trades as General Trade and Manufacturing Supplies,...
The latest product is a payment solution by FNB that will allow for monetary payments and transactions to be credited to cell phone wallets and cards by users. Just like cheques, eWallet Pro allows account holders to send and pay debtors only that...
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