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.
The WestAfrican outfit intends to turn BancABC into one of the top three biggest commercial banks in Botswana – currently, ABC is ranked 5th largest of the country’s ten registered banks ... He explained Access was attracted to Botswana by various factors, including quality sovereign rating and low corruption.
All production came from Lucara’s sole producing asset, the Karowe diamond mine in Botswana...Beginning in the second quarter of 2020, all specials mined from Karowe have been sold to HB Antwerp ... Lucara secured a 25-year extension to its Karowe mine licence late last year to 2046.
RAPAPORT... Lucara Diamond Corp ...Revenue jumped 56% year on year to $53.1 million for the period, the miner reported Thursday ... Lucara, which sources its diamonds from the Karowe mine in Botswana, saw a 46% jump in the average selling price to $579 per carat, reflecting the shift to higher-value goods and stronger overall prices ... The Karowe mine ... .
The project already has a mining licence and Tlou is finalising off-take arrangements with the BotswanaPower Corporation as well as financial transactions with funders. The company, however, is broadening its scope to create a clean energy district in Central Botswana over its prospecting licences which cover nearly 10,000 square metres.
De Beers Group, which has a 50/50 mining joint venture, called Debswana, with Botswana government, sells rough diamonds discovered in Botswana through its Global Sightholder Sales business to leading international diamond dealers who in turn cut and polish those diamonds for ultimate sale to consumers in markets such as China.
Recovery hopes ... RELATED ARTICLES. Previous 1 Next ... Share ... ‘It slowly sunk in that what she was actually saying was a positive about the US economy and its return to growth this year.’ StockWatch - BotswanaDiamonds. Mining tiddler Botswana Diamonds soared after it discovered more diamonds at its site at Thorny River in northern South Africa ... No fees ... .
RAPAPORT... Rough-diamond demand was robust at this week’s De Beers sight despite the ongoing Covid-19 crisis in India, customers reported ... It has suffered operational difficulties at some of its Botswana deposits, exacerbated by a temporary shutdown at its Gahcho Kué mine in Canada ...Less manufacturing ... “You can sell whatever you want.” ... Image ... .
BotswanaStock Exchange (BSE) listed BancABC Botswana says over time it will accord citizens and local investors more opportunity to own its shares, BusinessWeek has learnt ... “We plan to develop industry focus to support and promote the Botswana economy like green energy, sustainable mining,” he said.
De Beers is considering underground mining at its Jwaneng open-pit deposit in Botswana as a “likely approach” to extending the life of the world’s most valuable diamond mine beyond the mid-2030s. “The underground mining project is still in the study phase and is yet to be approved,” a De Beers spokesperson said Tuesday in an email to Rapaport News.