Southern Africa
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Botswana Positions to Lead Africa’s Digital Commerce Transformation
Botswana is strategically enhancing its digital infrastructure and regulatory framework to become a continental leader in digital commerce, aiming to diversify its economy beyond diamonds. The nation's efforts include modernizing payment systems, exploring central bank digital currencies, and promoting digital inclusion, building on its stable governance and robust financial sector.
Botswana Government Forgoes P16 Billion in Mining Revenue by Skipping Equity Stakes
Botswana's government has potentially missed out on P16 billion in mining revenue since 2025 by not acquiring equity stakes in several key operational mines, including Mowana, Karowe, Khoemacau's Zone 5, Minergy's Medie, and Motheo Mines. This decision, confirmed by the Ministry of Minerals and Energy, stems from not exercising an option available under mining legislation during initial license grants, raising questions about the nation's long-term resource monetization strategy.
President Boko Honors Sir Seretse Khama’s Enduring Legacy of Unity in Botswana
President Advocate Duma Boko has commemorated Sir Seretse Khama Day, highlighting the founding president's pivotal role in fostering national unity and establishing Botswana as a democratic republic. Boko emphasized Khama's principle of prioritizing nation-building and ethnic cohesion as foundational to the country's stability and future development.
Botswana Telecommunications Corporation Raises P600 Million from Asset Sales for Digital Transformation
GABORONE, Botswana - Botswana Telecommunications Corporation (BTC) has secured P600 million (approximately USD 44 million) through asset divestitures, primarily real estate. This capital injection supports BTC's strategic transition from legacy copper infrastructure to advanced fiber optic networks and the expansion of digital services across the nation. The move aims to enhance Botswana's digital economy and position BTC competitively in the evolving telecommunications landscape.
Botswana Government Forgoes P16 Billion in Potential Mining Revenue for 2025
Botswana's government is projected to miss out on approximately P16 billion in potential revenue from mining operations in 2025 due to not exercising its option to acquire equity stakes in several licensed projects. This occurs despite existing legislation enabling state ownership at the time of license issuance.
Botswana’s Khama IV Honors Sir Seretse Khama’s Legacy
BaMmangwato Kgosikgosolo Ian Khama IV recently commemorated Sir Seretse Khama Day, celebrating Botswana's founding president and emphasizing national unity and strong institutions.
Botswana Seeks Expanded Role in Lesotho Diamond Beneficiation, Targets Regional Hub Status
Botswana aims to solidify its position as Southern Africa's premier diamond beneficiation hub by offering its advanced sorting and valuation expertise to Lesotho, enhancing the value derived from the neighboring country's high-quality diamond output. This initiative, underscored during a high-level bilateral visit, seeks to foster regional economic integration and create robust mineral value chains.
Shell, Nigerian Banks Launch $3 Billion Fund for Local Oil Contractors
A consortium led by Shell Petroleum Development Company of Nigeria and nine domestic banks has established a $3 billion financing initiative, Project Falcon, aimed at empowering local contractors within Nigeria's oil and gas sector and enhancing indigenous participation.
Botswana’s Inflation Surge Not Primarily Driven by Pula Weakness, Central Bank Clarifies
The Bank of Botswana attributes the nation's recent inflation surge primarily to global supply-side factors and domestic administered price adjustments, rather than the Pula's managed depreciation.
Botswana Listed Property Sector Faces Headwinds Amid Rising Interest Rates, Valuation Pressure
Botswana's listed property sector is experiencing a divergence in performance, driven by rising interest rates and mounting pressure on property valuations. Higher borrowing costs and inflation concerns are impacting earnings and capitalisation rates for real estate investment trusts (REITs) and property companies on the Botswana Stock Exchange (BSE).