Category Archives: Botswana News

Botswana News

Botswana: Positive prospects for the diamond sector could lead to somewhat higher rates of GDP growth in 2017-19

IMF Staff Concludes 2017 Article IV Visit to Botswana

  • Positive prospects for the diamond sector could lead to somewhat higher rates of GDP growth in 2017-19. Fiscal projections envisage moderate deficits this year and the next, with surpluses thereafter.
  • Tax revenue reforms need to be accelerated to protect public finances against any adverse developments and maintain the country’s track record of sound fiscal management.
  • The inflation rate remained low, close to the lower band of the Bank of Botswana’s inflation objective range of 3–6 percent.

A team from the International Monetary Fund (IMF) led by Enrique Gelbard visited Gaborone from May 1-16 for discussions on the 2017 Article IV Consultation with Botswana. The discussions covered recent developments and prospects and focused on policies to support continued economic stability and promote inclusive growth. At the end of the visit, Mr. Gelbard issued the following statement: read more

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Le Botswana, destination d’investissement la plus attrayante d’Afrique

Selon l’index, le Botswana se démarque par divers facteurs, dont la meilleure cote de crédit, la balance des comptes courants, la couverture de l’importation et la facilité des affaires read more

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Botswana Most Attractive Investment Destination in Africa

According to the Index, Botswana scores highly based on a range of factors that include improved credit rating, current account ratio, import cover and ease of doing business read more

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Tax Inspectors Without Borders announces new South-South partnership between Kenya and Botswana

Tax officials from Kenya and Botswana have agreed to a landmark tax assistance project that marks the first South-South cooperation pact under the Tax Inspectors Without Borders programme. read more

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Intra-African services industry a growing reality

Botswana multi-national delivers world-leading safari product across Africa read more

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Public interest factors in merger control are creating uncertainty for investors in Africa

Xolani Nyali, senior associate, Competition & Regulatory Practice, Bowmans read more

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Botswana retains internet calling services

Botswana says it will not ban the use of free Internet calling services which is slowly dominating the local market,  Deputy Permanent Secretary (ICT) in the Ministry of Transport and Communications disclosed this week. read more

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Six African Countries Granted Duty-Free Access to EU Markets

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Africa trade sector has received good news – especially for manufacturers and traders in South Africa, Namibia, Mozambique, Botswana, Swaziland and Lesotho. On 14th September, 2016, the European Parliament The approved an agreement which grants access for the EU countries to receive products from the above listed countries on a duty-free basis. What this means is that, Namibia, Mozambique, Botswana, Swaziland and Lesotho have been offered duty-free access to EU markets while South Africa is also listed to have an improved market access. read more

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Deep shafts bleed copper nickel mine

A Copper and Nickel mine in Diamond rich country, Botswana, Bamangwato Concession Limited (BCL) is staggering under heavy debt of approximately P1 billion (US$100 million), sending shivers that if the entity closes down the small town of Selebe Phikwe will close down and unemployment statistics shoot up, it has come to light this week when Botswana President visited the mine. read more

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Botswana telecommunications company struggles with investor confidence

Botswana Telecommunications Corporation Limited (BTCL) says it is planning to automate its systems and repositioning itself to cater to all customers’communications needs, the company disclosed this week. read more

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mPOS helps payment settlements

Barclays Bank of Botswana launched a mobile paying system this week Tuesday, called mobile Point Of Sale (mPOS) which will see customers process transactions within cell phone network range, to help  businesses and entrepreneurs who don’t have a fixed place of operation. read more

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The Diamond Industry and African Socio-Economy

Neoliberal reforms in Africa, increasing global commodity prices and rising global resource demands have led to significant economic turnovers within the recent past decade for some African nations – Libya, Ivory Coast, Ghana, Nigeria, Liberia, Sierra Leone, South Africa, Egypt, among the rest .  In accordance, there has been a substantive growth in the extractive industry investment, especially in sub-Saharan Africa. A surge of investment within extractive industry has brought about a diverse number of feedback in mineral-rich countries. In Ghana, there has been a boom investment towards artisanal mining while violating national mining principles and regulations and also neglecting Cooperate Social Responsibility (CSR), main focus is trade! The situation is similar in most mineral-rich countries— varied concerns from society including rejection of the extractive industry or acceptance with high expectation of increased economic status of the society arising from gainful employment, and protest over labour conditions. read more

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Rightsizing of African power projects will enable faster development

The combination of a challenging business environment, liquidity constraints as well as a limited number of financially credible off-takers in many jurisdictions indicates that there may be a need for right-sizing some of Africa’s planned power projects, according to Jeannot Boussougouth, Executive: Power & Infrastructure at Standard Bank. read more

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10 nominees announced for AIF’s Innovation Prize for Africa 2016

The African Innovation Foundation (AIF) (www.AfricanInnovation.org) today announced the top 10 nominees for its landmark programme, the Innovation Prize for Africa (IPA). Now celebrating its 5th year under the theme “Made in Africa”, IPA is the premier innovation initiative in the African continent, offering a grand share prize of US$150 000 and incentives to spur growth and prosperity in Africa through home-grown solutions. read more

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