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With its first P1 billion in hand, Botswana’s new Diamonds for Development Fund sets out to convert a nation’s mineral fortune into something more durable than stones: industries, enterprises and jobs for the generations the gems leave behind. For nearly six decades, the arithmetic of Botswana’s prosperity has been written in carats. Diamonds pulled a landlocked, drought-prone country out of the ranks of the world’s poorest at independence and built the schools, clinics and tarred...
A new global index finds authoritarian habits hardening across continents. Botswana is among the rare nations whose score ticked upward – even as some of its own civic freedoms quietly eroded. In a year when the architecture of accountable government has continued to buckle under the weight of executive ambition, Botswana has done something that most of the world could not: it held its ground, and inched forward. According to the 2026 WJP Rule of...
A bronze finish in the 2026 Chandler Good Government Index – and a reminder that governance is a marathon, not a sprint In the quiet arithmetic of global governance, where nations are weighed not by rhetoric but by their capacity to deliver, Botswana has once again staked its claim among Africa’s steadiest hands. The country placed third on the continent and 70th worldwide in the 2026 Chandler Good Government Index, a result that affirms its...
One criminal with AI can now do the work of an entire gang AI powered fraud to climb from 12.3 bn in 2023 to $40 bn by 2027 QUOTE – Why your everyday debit card may be the internet’s softest target – a deVere Group warning on the AI-accelerated era of cybercrime, and the humble workaround its chief executive is urging on online shoppers. The debit card tucked into your wallet, the one wired straight...
A Botswana slowdown, a South African pause and a Canadian windfall reshape the world’s most storied gem house as it braces for a leaner era The diamond, that most patient of luxuries, forged over a billion years and marketed on the promise of forever, is proving less immune to the impatience of the present. In the third quarter of 2026, De Beers – the company that, more than any other, taught the world to equate...
A sharp rise in the cost of moving fuel across a conflict-ridden global market will arrive at Botswana’s filling stations on Friday, adding fresh pressure to households, transport operators and businesses already contending with elevated prices. The Botswana Energy Regulatory Authority (BERA) Chief Executive Officer (CEO), Dr Never Tshabang said retail prices for Unleaded Petrol 95 and Diesel 50ppm would increase shortly after midnight, at 12:01 a.m. on Oct. 23. Petrol will rise by 154...
The state developer swung to a P49.6 million profit after a punishing year, but the recovery leaned heavily on one-off asset disposals even as its core income fell by more than two-fifths. Table 1 Botswana Housing Corporation, selected FY2026 results Key figure FY2026 FY2025 Change Revenue P427.5m P739.5m -42% Profit / (loss) after tax P49.6m (P104.6m) +P154.2m Operating profit / (loss) P28.0m (P116.8m) +P144.8m Total assets P2.688bn P2.613bn +3% Cash & equivalents P354.5m P467.5m -24%...
The relentless squeeze on Botswana’s wallets eased in September, as the country’s annual inflation rate fell to 7.8 percent, a decline of 1.5 percentage points from the 9.3 percent registered in August, according to the latest Consumer Price Index report issued by Statistics Botswana. The cooldown was propelled, in large part, by a loosening of the Transport group’s grip on the economy. Long the single heaviest weight on the national price basket, Transport still accounted...
For much of the past decade, the story of Botswana’s foreign reserves was one of slow erosion: a hard-won stockpile, accumulated over generations of prudent diamond stewardship, bleeding away as the pandemic, soft gem markets and widening budget deficits forced the government to lean on its savings. The latest ledger from the Bank of Botswana tells a markedly different story. As at July 31, 2026, the central bank’s total foreign assets stood at P63.21 billion,...
