The Minerals Development Company Botswana (MDCB) recently hosted a forum for stakeholders in the mining sector to reflect on the 2024 Mining Indaba. This event was themed “Embracing the Power of Positive Disruption: A Bold New Future for African Mining.” Botswana’s pavilion at the Indaba was aptly themed “Botswana: The Destination of Choice for Responsible and Sustainable Mining.” At the 2024 Mining Indaba, Botswana introduced an innovative tool named the Best Practice Investment Promotion Tunnel,...

The Botswana Stock Exchange (BSE)-listed coal miner, Minergy Limited, is poised to commence full production at its Masama Coal Mine by November 2024, aiming to recover from substantial financial losses incurred due to operational disruptions following the suspension of its mining contractor. Minergy Limited successfully resumed operations at Masama Coal Mine in February 2024. The company has announced its commitment to unveiling a long-term resource development plan for the lifespan of Masama Coal Mine, a...

Sechaba Breweries Holdings Limited subsidiaries, Kgalagadi Breweries and Coca Cola Beverages Botswana, have reported a remarkable profit-after-tax totaling P304.2 million from sales of beer, beverages, soft drinks, and purified water during the first half of 2024. Sechaba Brewery Holdings Limited holds a 49.9% stake in both Kgalagadi Breweries (Pty) Ltd (KBL) and Coca Cola Beverages (Botswana) (Pty) Ltd (CCBB). KBL specializes in the manufacturing, importation, distribution, and marketing of clear beers, alcoholic fruit beverages, and...

Botswana’s economic expansion is projected to decelerate to a mere 1% in 2024, predominantly due to a downturn in the diamond market, as highlighted in the International Monetary Fund’s (IMF) 2024 Article IV consultation. This follows a notable decline from a robust 5.5% in 2022 to 2.7% in 2023, indicating a significant reduction in the nation’s growth trajectory. The diminished demand for diamonds on the global stage has directly stifled mining activities, contributing to the...

The Botswana Geoscience Institute (BGI) has announced promising results from its aeromagnetic survey studies in the western regions of Botswana, particularly in the Nossop-Ncojane area. These studies have identified the presence of critical minerals, including lithium and gold, significantly boosting the prospects for future mining ventures in the region’s sandy terrains. Initiated in April 2024, the project is slated for completion by December. It aims to conduct a high-resolution aeromagnetic survey over the remaining areas...

Botswana’s preeminent fuel supplier, Engen Botswana Limited, is witnessing a significant erosion of its market share within the fuel industry. This downturn is attributed to a governmental mandate that urges state departments and state-owned enterprises to procure fuel exclusively from suppliers that are 100 percent citizen-owned. The Botswana Stock Exchange (BSE)-listed entity has expressed concerns regarding the increasingly challenging operating environment for both multinational and domestic fuel importers. This is primarily due to the government’s...

When most people think about investing, the first things that come to mind are complex stocks or real estate investment into multi-residential property. However, there’s another powerful tool for wealth creation that often flies under the radar: Fixed income securities, commonly known as bonds. Bonds can play a pivotal role in a well-rounded investment strategy, offering stability and reliable income. But what exactly are bonds, and why should you consider investing in them? Let us...