Botswana

Botswana

Botswana Scales Down Diamond Production Amid Global Diamond Market Collapse

Debswana Diamond Company, a 50-50 joint venture between the Botswana government and De Beers, has temporarily halted production at its Jwaneng Cut 9 and Orapa mines, following earlier suspensions at t

1 day ago
Zimbabwe
Zimbabwe's Inflation Surge in Local Currency, USD Enters Deflation: Comparative Analysis with SADC Peers

Zimbabwe's annual inflation rate in local currency (ZiG) skyrocketed to 92.1%, driven by food and beverage prices, while the US dollar (USD) saw a month-on-month decline of 0.3%. The repeal of Statut

 May 29, 2025
Botswana
AfDB Approves $304 Million Loan to Stabilise Botswana's Economy

Botswana, often celebrated as a model of economic stability and prudent governance in Africa, is confronting a severe economic crisis precipitated by a sharp decline in global diamond prices. The Af

 May 21, 2025
Zimbabwe
Zimbabwe's Inflation Soars in April, Both M-o-M, Year-on-Year: A Comparative Analysis with SADC Neighbours

Zimbabwe’s 2025 April inflation increased both in USD and ZiG terms, with ZiG annual inflation skyrocketing according to the lates data from Zimstat. The Zimbabwe Gold (ZiG) launched in April 2024, r

 Apr 25, 2025
Botswana
Botswana Bets More on Coal to Ease Energy Crisis

Botswana, a landlocked nation in Southern Africa, is poised to deepen its reliance on coal to address persistent generation challenges. With proven coal reserves estimated at 212 billion tons though o

 Mar 25, 2025
World
Electoral Integrity in SADC: A Review of Recent Polls and Challenges Ahead

Africa's electoral landscape has been historically beset by undue influences and authoritarian tendencies, compromising the legitimacy of democratic processes. This has resulted in the continent's per

 Mar 03, 2025
Zimbabwe
Zimbabwe's Inflation Cools in February for Both USD, ZiG: Regional Comparison and Analysis

Zimbabwe’s inflation landscape brightened in February 2025, with month-on-month rates for both its gold-backed ZiG currency and the U.S. dollar plummeting to their lowest levels in months, according t

 Feb 27, 2025
Shumba Energy Advances Key Energy Projects in Botswana Amidst SADC Region's Power Needs

In its latest quarterly market update for the period ended 30 June 2024, Shumba Energy Ltd., an energy development company based in Botswana, has provided an in-depth look into its ongoing projects an

Jul 29, 2024
Shumba Energy's Tati Solar Project Progresses Towards Financial Closure

Shumba Energy Ltd, a Botswana-based energy development company listed on the Botswana Stock Exchange, has announced steady progress towards financial closure for its flagship Tati Solar PV Project. Th

May 03, 2024
Lucara Diamond Secures Financing for Karowe Underground Expansion Project

The company has signed amended documentation relating to its senior secured project financing debt package, which amounts to US$220 million. Under the amended agreement, the repayment profile has be

Jan 10, 2024
Tlou Energy Secures A$3 Million Loan Agreement: Bolstering Expansion Plans in Botswana

lou Energy Limited, a leading energy company focused on developing natural gas resources in Botswana, has successfully secured an additional A$3 million loan agreement. The loan, provided by entities

Nov 07, 2023

Turnstar Holdings Reports Strong Half-Year Financial Results with Increased Rental Revenues

Turnstar Holdings Limited, a diversified group with subsidiaries in Botswana, Tanzania, and the UAE, has announced its unaudited group financial results for the six-month period ending July 31, 2023.

Nov 01, 2023

Tlou Advances Gas-to-Power Project, Cementing Position as Key Power Player in Southern Africa

Tlou, an energy solutions company operating in Sub-Saharan Africa, showcased remarkable progress in its gas-to-power project during its fourteenth Annual General Meeting (AGM). The company's concerted

Nov 01, 2023

Anglo American Names Matt Walker as CEO of Marketing Business, Peter Whitcutt Steps Down after 33 Years with Company

Anglo American, a global mining company, has announced the appointment of Matt Walker as the new CEO of its Marketing business. This decision comes after Peter Whitcutt, who has been with the company

Oct 13, 2023

Letlole La Rona Acquires Additional Shareholding in JTTM, Takes Over Property Management Services

Letlole La Rona Limited (LLR) has announced its successful acquisition of an additional 25% shareholding in JTTM from Botswana Railways Organisation (BRO). This move has resulted in JTTM becoming a su

Oct 10, 2023

Turnstar Holdings Limited Reports Strong Growth in Rental Revenues for H1 2023

Turnstar Holdings Limited's trading statement for the half-year period ended July 31, 2023, reveals a significant increase in rental revenues and operational profitability. Despite challenges, the com

Oct 06, 2023

Cresta Marakanelo Reports 10% Revenue Growth and Profitability in H1 2023

The leisure segment played a significant role in driving revenue growth, with hotels in popular tourist destinations contributing to the higher ADR. As a result, the group's revenue per available room

Oct 05, 2023

Zimbabwe Operations Propel PPC's Performance

PPC Limited has reported a 3% growth in sales volumes for the five months leading up to August 31, 2023, as stated in the company's latest trading update. This positive performance was primarily drive

Sep 22, 2023

Letshego's Digital Transformation Drives Revenue Growth and Product Diversification

Letshego's digital transformation journey has yielded impressive results, with 60% of its core customers migrating to the Digital Mall platform. This represents a remarkable 38% year-on-year increase

Aug 28, 2023