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President Advocate Duma Boko is approaching a defining decision over the future of Botswana’s intelligence services. The contract of Brigadier Peter Fana Magosi, the long-serving director general of the Directorate of Intelligence and Security, expires on 13 October 2026.
When the leaders of Botswana and Mozambique stepped before the cameras on Wednesday, they were not merely closing a state visit. They were, in effect, promising to redraw the economic map of a corner of Southern Africa – and betting that two landlocked ambitions and one long coastline might, together, be worth more than the sum of their parts. Botswana and Mozambique have agreed to elevate their bilateral cooperation framework into a Binational Commission chaired...
President Duma Boko used his address to the United Nations General Assembly on Wednesday to press for changes to the global financial system, arguing that developing countries need cheaper, more reliable financing to expand their economies, create jobs and sustain essential public services. Speaking at the 81st session of the General Assembly in New York, Mr. Boko called for an overhaul of the international financial architecture. Developing economies, he said, continue to face borrowing costs...
Solar Industries India Limited has established an explosives subsidiary in Botswana, committing an initial US$325,000 as the company expands its international operations and seeks a stronger foothold in Southern Africa. The new company, Solar Explochem Proprietary Limited, was incorporated on Sept. 29, 2026. Solar Industries holds a 65 percent stake through Solar Overseas Mauritius Limited, its wholly owned subsidiary in Mauritius. The investment gives the Indian explosives manufacturer a formal presence in Botswana, where mining...
The conveyor belts are moving again. After a punishing slump that emptied government coffers, weakened trade and laid bare the peril of yoking a nation’s fortunes to a single glittering stone, Botswana’s diamond industry has begun to stir. The economy expanded 3.5 percent year-on-year in the first quarter of 2026, and rough-diamond output surged in the second. For a country where a shift in gemstone appetite can determine whether budgets balance, businesses grow and workers...
Botswana has sharply reduced its projected budget deficit for the 2026-27 financial year, as stronger-than-expected revenue from the Bank of Botswana and efforts to curb government spending improve the country’s short-term fiscal outlook. The deficit for the 12 months ending in March 2027 is now expected to be 9.26 billion pula, or 3.1 percent of gross domestic product, Finance Minister Ndaba Gaolathe said. That is down from the 26.35 billion pula deficit – equivalent to...
President Duma Boko used his address to the United Nations General Assembly on Wednesday to press for changes to the global financial system, arguing that developing countries need cheaper, more reliable financing to expand their economies, create jobs and sustain essential public services. Speaking at the 81st session of the General Assembly in New York, Mr. Boko called for an overhaul of the international financial architecture. Developing economies, he said, continue to face borrowing costs...
A national asset at a turning point For Botswana, the possible sale of De Beers is more than a corporate transaction. It is a decision about who will control the company at the heart of the country’s diamond economy – and who will bear the cost if the business cannot recover from its worst downturn in decades. The government is nearing the end of its review of Anglo American’s proposed sale of its 85 percent...
Botswana’s merchandise trade deficit reached P2.33 billion in June, as a sharp decline in imports failed to produce a meaningful increase in exports.
FNB Botswana has reported a 12 percent rise in profit, reaching P2.117 billion for the financial year ending June 2026, despite ongoing pressures from impairments, high funding costs, and subdued credit demand. The bank’s total income grew 13 percent to P4.226 billion, buoyed by a 30 percent increase in non-interest revenue, while net interest income edged down two percent to P1.912 billion. In light of these results, FNB declared a dividend of 30 thebe per...
