Botswana/bɒtˈswɑːnə/, officially the Republic of Botswana (Tswana:Lefatshe la Botswana), is a landlocked country located in Southern Africa. The citizens refer to themselves as Batswana (singular: Motswana). Formerly the British protectorate of Bechuanaland, Botswana adopted its new name after becoming independent within the Commonwealth on 30 September 1966. Since then, it has maintained a strong tradition of stable representative democracy, with a consistent record of uninterrupted democratic elections.
Botswana is topographically flat, with up to 70 percent of its territory being the Kalahari Desert. It is bordered by South Africa to the south and southeast, Namibia to the west and north, and Zimbabwe to the northeast. Its border with Zambia to the north near Kazungula is poorly defined but at most is a few hundred metres long.
A mid-sized country of just over 2 million people, Botswana is one of the most sparsely populated nations in the world. Around 10 percent of the population lives in the capital and largest city, Gaborone. Formerly one of the poorest countries in the world—with a GDP per capita of about US$70 per year in the late 1960s—Botswana has since transformed itself into one of the fastest-growing economies in the world, now boasting a GDP (purchasing power parity) per capita of about $18,825 per year as of 2015, which is one of the highest in Africa. Its high gross national income (by some estimates the fourth-largest in Africa) gives the country a modest standard of living and the highest Human Development Index of continental Sub-Saharan Africa.
17 (Xinhua) -- Botswana's economy is on a recovery course supported by the mining sector, according to the financial services provider AbsaBank Botswana. "Botswana's economic recovery is underway with an improving outlook ...
Botswana, as a developing country, has a window up to 2050 under the UN’s Conference of Parties 24 (COP24) within which to develop its coal. This is a period local stakeholders such as the Botswana Chamber of Mines hope will allow near-term developers to initiate, run and decommission while supporting the economy through those years.
“However, if the government of Ghana had earned average revenue ratios as those of the government of Botswana in the mining subsector and the government of Nigeria in the oil subsector, the additional revenue that would have been received would have more than covered, on average, ...
At the same time, the proportion of value from mineral production that flows to the Ghanaian government as revenue is a mere 6.5 per cent compared with 51.8 per cent in Botswana, a major diamond producer. The reason is that, unlike Ghana, “Government of Botswana has huge ownership interests in the country’s mining sector,” Dr Boakye said.
The leading data and analytics company notes that significant recoveries in output are expected in Botswana (+37%), Canada (+16.6%) and Angola (+26.3%) ... With potential new diamond mines, Botswana, Canada and the DRC are also expected to remain prominent suppliers of rough diamonds to global markets.
At the same time, the proportion of value from mineral production that flows to the Ghanaian government as revenue is a mere 6.5 percent compared with 51.8 percent in Botswana – a major diamond producer. Unlike Ghana, the government of Botswana has huge ownership interests in the country’s mining sector.
At the same time, the proportion of value from mineral production that flows to the Ghanaian government as revenue is a mere 6.5 percent compared with 51.8 percent in Botswana – a major diamond producer. The reason is that, unlike Ghana, “The government of Botswana has huge ownership interests in the country’s mining sector,” Dr.
Despite lying dormant for more than four years, Ghaghoo DiamondMine looks set to regain its sparkle after sparking interest from a new multi-million Pula suitor ...Gem Diamonds then bought the mine and continued to evaluate the project, with the organisation’s subsidiary, Gem Diamonds Botswana granted a Mining Licence in 2010.
Equipped with a Bachelor of Theatre Arts from the University of Botswana (UB), Atlang’s international success will come an as little surprise to fans of local drama, where she has been a leading figure since 2017 ... A friend of mine had forwarded a post to me about auditions in Botswana hosted by the Muvhango team.
Former Finance Minister Dr Kwabena Duffuor has called on the government to shift its focus onto the extractive sector to generate revenue for the country ...Touching on what to expect in today’s presentation, he disclosed, “in today’s presentation, you’ll be shocked to know that Botswana is getting billions from its mining sector, mainly diamonds.” ... .