Cable theft costs BPC millions

Botswana’s electricity grid is under increasing strain as cable theft and vandalism surge, with the Botswana Power Corporation (BPC) reporting more than 1,800 new theft incidents this year alone and losses surpassing P100 million over the past five years. These figures were shared by BPC’s Marketing and Communications Manager, Kefilwe Batsalelwang, in response to inquiries from the Weekend Post News Desk about the scale of the problem and its impact on power supply nationwide. “Vandalism...

Botswana’s innovation barriers exposed 

Botswana’s drive to diversify its economy is being stymied by entrenched divisions among research, policy, capital, and industry, experts warned at the Falling Walls Lab Gaborone. The country struggles to translate innovation and research into viable commercial products and businesses, panelists said, calling for improved coordination, sustained investment in research, intellectual property development, and closer collaboration between universities, government, and the private sector. The panel, titled “Which Walls Must Fall First?”, assembled policymakers, academics, investors,...

Speakership faces criticism over handling of urgent motions

Tensions rose in the National Assembly as lawmakers voiced concerns about delays in processing urgent questions, motions, and correspondence. Some members questioned whether Parliament is maintaining its independence from the Executive branch. Maun West Member of Parliament Caterpillar Hikuama accused the speakership of using procedural tactics to obstruct communication channels that lawmakers had agreed upon to facilitate dialogue between MPs and the Speaker. “These delays are undermining Parliament’s independence and preventing urgent issues from receiving...

De Beers reinvents its strategy amid diamond industry upheaval

Botswana’s diamond sector stands at a pivotal crossroads as global market forces push major players to rethink how they extract value from the country’s most prized resource. With demand for natural diamonds softening and lab-grown stones gaining ground, the spotlight is shifting to beneficiation, local involvement, trading, and economic diversification. In response to a media inquiry from the WeekendPost, De Beers External Communications Manager Tumie Ramsden shared that the company is rolling out its Origins...

BSE aims to grow capital markets tenfold by 2030

The Botswana Stock Exchange (BSE) has unveiled an ambitious strategy to expand the nation’s capital markets tenfold by 2030, aiming to position them as a cornerstone of economic diversification and private sector-led growth. The “10x by 2030” vision targets a significant increase in capital mobilisation across infrastructure, small businesses, and emerging industries, marking a decisive shift away from Botswana’s traditional reliance on the diamond sector amid declining mineral revenues and fiscal pressures. Speaking at the...

BMX could provide economic buffer against future FMD crises

The Botswana Stock Exchange (BSE) says the forthcoming Botswana Mercantile Exchange (BMX) has the potential to transform how the country’s livestock industry weathers crises like Foot-and-Mouth Disease (FMD). Rather than leaving farmers and feedlot operators financially stranded during movement restrictions, the new commodities exchange will offer access to liquidity. BSE Chief Executive Officer Aupa Monyatsi explained that BMX will introduce internationally recognized warehouse receipt systems. These receipts allow agricultural commodities—including livestock—to serve as collateral for...

Magosi moves to overturn delay in backpay judgment 

Peter Magosi, Director General of the Directorate of Intelligence and Security (DIS), has returned to the High Court seeking to overturn or amend a default judgment awarded in favor of 407 public officers pursuing salary progression back-pay claims. The application comes more than two years after the order was granted by former High Court judge Dr. Zein Kebonang, with the government arguing that the ruling is too vague to implement. Magosi, together with the Directorate...

BPOPF defies global uncertainty with 10% asset growth in 2026

In a world rattled by economic uncertainty and geopolitical strife, the Botswana Public Officers Pension Fund (BPOPF) has quietly but powerfully defied global turbulence, posting a robust 10 percent asset growth to surpass P128 billion by the close of March 2026. This achievement stands out not merely as a statistic but as a bold statement of resilience, discipline, and strategic foresight from Botswana’s largest pension fund; a beacon of financial stability amid the stormy seas...

US lifts tariff barrier

Botswana’s diamond industry has gained a significant boost following the United States’ removal of a temporary 10 percent tariff on imports from the country, restoring duty-free access for Botswana-origin exports. Effective July 24, 2026, natural diamonds and other qualifying exports are once again entering the U.S. market without import duties. This development enhances Botswana’s competitive stance in one of its key export markets and offers much-needed relief to a struggling diamond sector. The tariff removal...