AGP Executive Report
Last update: 11 hours agoDiamond News: Lucara Diamond Corp says it has recovered a 1,305.4-carat rough diamond from Karowe, its 10th find above 1,000 carats since production began, using its Mega Diamond Recovery X-ray system. Tax & Revenue: Botswana’s tax changes raise the top personal income tax rate to 27.5% for earners above P400,001 annually, as BURS pushes broader compliance and a wider tax base. Insurance & Digital Services: OLEA Botswana has launched digital insurance tools after completing its Marsh Botswana takeover and rebranding. VAT Administration: Private medical practitioners and deputy sheriffs are set to register for VAT as exemptions are adjusted; existing VAT-registered providers get July to update billing before VAT charges start from 1 August 2026. Energy & Reserves: Botswana Oil is ramping fuel security, targeting more strategic fuel cover via depots in Francistown, Gantsi and Tshele Hills (with Tshele Hills planned under a PPP). Electricity Costs: Local power generation rose sharply in Q1 2026, easing pressure from import-heavy supply. Business & Growth Agenda: CEO Africa Roundtable reiterates a push for Botswana to double its economy to $40bn by 2036, with AI and private-sector-led flagship projects by 2027. Sports Business: Township Rollers signed a five-year Diadora technical sponsorship worth about P20m, plus a merchandise distribution deal with Options. Regional Trade: Zimbabwe and Zambia are demarcating the Lake Kariba border to support smoother AfCFTA cross-border commerce.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.