Tag: Botswana

Stanbic Bank
BusinessBanking

Stanbic Bank Botswana offers 20% stake in $99 million IPO

Stanbic Bank Botswana is offering 20% of its shares for $99.2 million, giving local investors a chance to own part of the bank.

Oluwatosin Alao Oluwatosin Alao
De Beers
BusinessMining

De Beers raises 2026 diamond target despite South Africa mine shutdown

De Beers raises its 2026 diamond production target as prices plunge 37%, while Botswana, Namibia and Angola seek a bigger stake in the group.

Oluwatosin Alao Oluwatosin Alao
BBS Bank Limited
BankingCompaniesHot News

Botswana’s BBS Bank posts $5.2 million half-year loss amid elevated funding costs

BBS Bank recorded a $5.2 million half-year loss amid high funding costs and rising credit impairments as its commercial transition continues.

Omokolade Ajayi Omokolade Ajayi
De Beers
BusinessCompanies

Botswana eyes bigger stake in De Beers as diamond industry enters new era

Botswana is preparing to seek a larger stake in De Beers as Anglo American moves to exit the diamond business, but the government has yet to decide how much it can afford to buy. Vice President and Finance Minister Ndaba Gaolathe said any holding would exceed Botswana’s current 15% interest.  The government is balancing that ambition against worsening public finances…

Oluwatosin Alao Oluwatosin Alao
Botswana tycoon Ramachandran Ottapathu
BusinessHot News

Ramachandran Ottapathu cleared to buy Engen Botswana in rare anti-monopoly power shift

Ramachandran Ottapathu gets approval to buy 70% of Engen Botswana, with 67 fuel stations to be sold under competition conditions.

Omokolade Ajayi Omokolade Ajayi
Botswana's high water
TourismHot News

Botswana’s high water creates new safari experiences

Botswana high water is reshaping safari experiences, reopening waterways and creating new wildlife encounters across the Okavango Delta.

Timilehin Adejumobi Timilehin Adejumobi
Botswana copper mine awards major order to Epiroc
BusinessHot News

Botswana copper mine awards major order to Epiroc

Epiroc won a $64 million order from MMG to supply underground mining equipment for the Khoemacau copper mine expansion in Botswana.

Oluwatosin Alao Oluwatosin Alao
Tanzanian billionaire Mohammed Dewji pledges $250 million in Mozambique to expand MeTL Group’s footprint and create 20,000 local jobs.
BillionairesBusinessHot News

After $250 million Mozambique pledge, Tanzanian billionaire Mohammed Dewji, eyes Botswana

Following a $250 million Mozambique pledge, Mohammed Dewji is eyeing new expansion into Botswana after high-level talks with President Duma Boko.

Omokolade Ajayi Omokolade Ajayi
Botswana grants Orano more licenses to explore for uranium
BusinessGlobal News

Botswana grants Orano more licenses to explore for uranium

Botswana grants Orano three new uranium licences as the country seeks to diversify mining beyond diamonds amid weaker global demand.

Oluwatosin Alao Oluwatosin Alao
Israeli-born mining executive Yoram Dvash
BusinessHot News

Israeli-born mining executive Yoram Dvash named chairman of Botswana’s Okavango Diamond Company

Yoram Dvash takes the helm as chairman of Botswana’s Okavango Diamond Company.

Omokolade Ajayi Omokolade Ajayi
Inside Chobe Water Villas
TourismLuxury

Inside Chobe Water Villas, a luxury retreat on Botswana’s Zambezi

Explore Chobe Water Villas in Namibia’s Zambezi Region, a luxury riverside retreat offering safari, wildlife, dining, wellness and adventure.

Oluwatosin Alao Oluwatosin Alao
Kwetsani Camp-Deck area
TourismLuxury

Kwetsani Camp reopens in Botswana’s Okavango Delta after major redesign   

Kwetsani Camp has reopened in Botswana's Okavango Delta with redesigned luxury suites, solar power and immersive safari experiences.

Timilehin Adejumobi Timilehin Adejumobi