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State-owned Okavango Diamond Company will start selling diamonds to contracted buyers next month, as it diversifies its sales channels under the government's new deal with De Beers, Managing Director Mmetla Masire said on Wednesday.ODC's...
Minerals Development Mining Company (MDCB), the government’s mining investment arm has confirmed intentions to acquire a 15 percent equity interest in the Serowe CBM project. The development is in line with option under Section 40 of the Mines and...
Standard Chartered Bank Botswana has reported a 38 percent decline in profit after tax for the first half of 2025, due to challenging macroeconomic environment, heavily influenced by the downturn in Botswana’s diamond sector, which is the...
In its consumer marketing move, De Beers Group has launched Desert Diamonds, a new beacon category designed to celebrate the raw, earthy beauty of natural diamonds and tap into a surging global appetite for authenticity, individuality, and meaningful...
The Non-Bank Financial Institutions Regulatory Authority (NBFIRA) has advocated for transparent financial systems across the SADC region.Speaking at the 48th Annual Meeting of the Committee of Insurance, Securities and Non-Banking Financial...
Jindal Energy Botswana project has achieved financial closure for its two ongoing 300MW energy projects being implemented in partnership with Botswana Power Corporation (BPC).Through Indian multinational banking and financial services company, Axis...
Business Botswana (BB) has warned that the comfort zone of securing government procurement contracts, to prop up business enterprise is over. Speaking recently at a fundraising for C-Suite Fellowship Programme, an initiative expected to nurture...
Government’s determination to acquire a sizeable stake in De Beers has been reiterated by President Gideon Duma Boko. In an interview on the sidelines of the 80th session of the United Nations General Assembly in New York, this week, Boko has...
FMBcapital Holdings Plc (FMBCH), the financial services group operating as First Capital Bank in Botswana, Malawi, Mozambique, Zambia, and Zimbabwe, has announced strong financial results for the six months ended 30 June 2025, underscoring three...
Despite the ailing economy, President Duma Gideon Boko is determined to revive the fiscal situation faced by the country. Speaking at the reopening of Tataki Mine, he said his administration’s challenge is to create jobs and open up opportunities...
Mobile money operator, Orange Money has intentions to empower the country’s unbanked population, despite the challenges persistently faced on the financial inclusion front. Orange Money Chief Executive Officer, Seabelo Pilane believes for Botswana...
It never rains but pours at Botswana Telecommunications Corporation Limited (BTCL), where fresh allegations of looming job losses have surfaced - this time targeting executive managers.Observers warn that if the restructuring proceeds, BTCL may face...
Government intends to remove policy investment barriers possibly limiting the country to shift its status quo from a middle income to a high income country. Addressing bankers attending the 31st edition World Savings and Retail Banking Institute...
Government has geared up on plans to impose a digital tax on tech giants following the recent publishing of the value added tax (VAT) amendments proposals. Technocrats at the finance ministry, Botswana Unified Revenue Services (BURS) and consultants...
CEO Mmoloki Mmolotsi opened the 8th Strategic Human Resources Conference at Ditshupo Hall today with a stirring call to action, framing Botswana's current economic challenges as an opportunity for HR professionals to drive meaningful change. The...
Growing appetite for the local capital markets has inspired Letshego Botswana to issue P2 billion domestic medium-term note programme, for its expansion plans.According to the micro-lender, the programme is to expand its inclusive finance offering...
Hefty fines are looming for illegal miners, the Minister of Minerals and Energy has announced at this year’s Future of Mining Summit.Addressing over 500 delegates at the 2nd edition of the Summit, a platform for dialogue, networking and thought...
Botswana Insurance Holdings Limited (BIHL) has expressed disappointment in Letshego Holdings Limited’s underperformance, leading to a significant impairment of the Group carrying value during 2024 financial year. Commenting on the Group’s 2024...
De Beers Group has launched the compelling new downstream propositions focused on a driving desire for natural diamonds as a category and on differentiating polished diamonds. At the annual JCK Las Vegas Show recently, De Beers Group revealed its...
Kgalagadi Brewery holdings limited (KBL) Managing Director, Carlos Bernit has said sales performance continue to grow as total volume grew by 4.3 percent compared to the previous year.During 2024, the company saw improved performance in Clear Beer,...
guardiansun.co.bw is the online edition of Botswana Guardian and The Midweek Sun, Botswana’s leading and oldest newspapers, published by CBET PTY (LTD).