Botswana ‘on the verge of zero tariff deal with US on diamonds’

Botswana’s diamond-reliant economy is under severe strain, with the country’s main diamond company seeing an almost 50% drop in sales last year, which it blamed on dwindling global demand. In another blow to the industry in recent months, the US...

Botswana 'on the verge of zero tariff deal with US on diamonds', president tells BBC

Botswana's diamond-reliant economy is under severe strain, with the country's main diamond company seeing an almost 50% drop in sales last year, which it blamed on dwindling global demand. And in another blow to the industry in recent months, the...

Botswana Diamond Auction Flops

Botswana failed to sell any diamonds in an unprecedented ad-hoc auction last week, after buyers refused to meet the reserve price GAZETTE REPORTER A move by Botswana to generate urgent revenue from diamonds in an unusual ad-hoc auction last week...

Bank Windhoek gets ratings upgrade

Chamwe Kaira The GCR Ratings has upgraded Bank Windhoek Limited’s Namibian long-term national scale issuer rating to AA+(NA) from AA(NA). The short-term issuer rating was affirmed at A1+(NA). The South African long-term issuer rating also moved up...

Absa Bank Uganda strengthens Uganda’s Capital Markets with reintroduction of Custody Services 

Kampala, Uganda | THE INDEPENDENT | In a strategic move intended to provide institutional investors with secure, efficient, and compliant solutions to safeguard their assets and facilitate seamless investment operations, Absa Bank Uganda has today...

US data center operator, Dutch energy developer plan battery-backed Botswana data center

Netherlands-based energy developer AAAS Energy and US-based data center operator ChillMine Corporation have signed a memorandum of understanding for a new data center campus in Botswana. The facility would rely heavily on battery storage, with a...

Création Botswana sends eight designers to France

Recently, Création Botswana hosted a Bon Voyage celebration at Alliance Française de Gaborone to honour the eight designers from cohort 2. The cohort are: Botho Chalebgwa, Candida Montsho, Boikanyo Molale, Sabine Matsheka, Moitshepi Mokaila,...

T20 World Cup Qualifiers: Nigeria Secure Convincing Win Over Botswana

Nigeria’s Men’s National Cricket Team, the Yellow Greens, delivered a commanding all-round performance to claim victory over Botswana in their latest ICC Men’s T20 World Cup Africa Qualifier encounter. After winning the toss and electing to bat,...

Botswana’s President set end-October deadline to secure De Beers

In a move poised to reshape Botswana's position in the global diamond sector, President Mokgweetsi Masisi has announced ambitions to secure a majority stake in the renowned diamond firm, De Beers, by the end of October 2025. Currently holding an...

Botswana’s Diamond Destiny: Time to take control

The sudden wealth pushed up the currency, strangled manufacturing, and left the country dangerously dependent on one resource. Economists later gave this syndrome a name: when resource wealth undermines the broader economy, you have Dutch Disease....

Botswana: Diamond Shock, Policy Pivots, and Diversification Openings

By Africa Risk Control Southern Africa Desk – Botswana’s fundamentals (rule of law, low political risk, capable banks) still make it an attractive hub — but investors must now factor in a sharp commodity shock. Botswana, long seen as one of...

Signature Bank bolsters innovation agenda with appointment of Steve Obiago as CIO

Signature Bank Limited has reinforced its leadership capacity with the appointment of Steve Obiago as Chief Information Officer (CIO). In his new role, Obiago will spearhead the Bank’s technology strategy, driving digital transformation...

Lotus starts infill drilling for Letlhakane in Botswana

Lotus Resources Limited has announced the initiation of a new drilling phase at its Letlhakane Uranium Project in Botswana. This drilling aims to enhance the existing Mineral Resource Estimate and generate metallurgical test samples that will...

Angry Elephant Tips Over Canoe And Rams Tourist Into Water In During Scary Encounter In Botswana (Video)

iStockphoto Audio By Carbonatix Millions of people head to Africa each year to go on safaris that allow them to get a glimpse of the many animals that call the continent home. However, some tourists in Botswana got a bit too up close and personal...

Nigeria beats Botswana by 44 runs in ICC T20 Africa Qualifiers semi-final

Nigeria secured a 44-run victory over Botswana in the 5th Place Play-off First Semi-Final of the ICC Men’s T20 World Cup Africa Regional Final at the Takashinga Sports Club on Thursday, asserting their dominance in the contest. Batting first,...

7 richest Indian business giants in Africa and the companies behind them in 2025

Indian businesses have established a strong presence across Africa, with investments spanning telecommunications, energy, real estate, retail, and manufacturing. The continent’s growing markets have attracted long-term commitments from Indian...

Conamara metallers in Botswana

They’re not wearing gansaís, and they’re not playing in Maam, Ten Ton Slug is migrating to Africa, to play a music festival in Maun, Botswana, after a warm-up gig in nearby Ghanzi. You heard it here first. Galway’s sludge metal band, Ten Ton Slug,...

Chuma Nwokocha takes helm at Stanbic IBTC amid regulatory crosswinds

Stanbic IBTC Holdings has named Chuma Nwokocha as its new Group Managing Director. His appointment brings an end to Adekunle Adedeji’s interim stewardship at the helm of the financial services giant. Adedeji had held the acting role since October...

IMF urged to support Ghana strengthen its economic management systems

By Dennis Peprah Sunyani, (Bono), Oct. 1, GNA- Mr Raphael Godlove Ahenu, Founder and Chief Executive Officer of the Global Media Foundation (GloMeF) has urged the International Monetary Fund (IMF) to aggressively push Ghana to strengthen the...

Botswana Diamond Auction Collapse Highlights Growing Crisis in Global Market

An auction of nearly one million carats of diamonds in Botswana has collapsed, the latest sign of turmoil in the global precious stones trade. The failed sale underscores the growing challenges faced by African producers as synthetic stones gain...