Canada’s Lucara Diamond (TSX:LUC), the company that hit the jackpot in 2016 after finding the world’s second-largest diamond, said Tuesday its priority this year will be the completion of a feasibility study into potential underground production and life-of-mine expansion for its Karowe project, in Botswana. “Having stabilized and significantly improved our mining operations at Karowe in […]
Read More
World famous jeweller Tiffany & Company has launched an initiative to provide greater transparency about the origins of its diamonds to customers, from miners to retailers. Following in the footsteps of the world’s No. 1 diamond miner, De Beers, which is testing a blockchain technology-based platform aimed at clearing the supply chain of imposters and […]
Read More
Tewolde GebreMariam, Chief executive officer, Ethiopian Airlines, talks about Ethiopian’s new stakes in African transport companies across the continent and the challenges of planning for the long term. Despite being state-owned, Africa’s largest airline by revenue and profit has long been free from government meddling. This is one reason why Tewolde GebreMariam, Ethiopian Airlines’ CEO […]
Read More
Botswana Diamonds (LON:BOD) has bought Russian diamond miner Alrosa’s 50% stake in their Sunland Minerals joint venture (JV) and the company said it is close to bringing a new partner into the project. In a statement, the company described the unnamed new investor as “a large diamond producer with new ideas and keen to find […]
Read More
Ethiopian Airlines is unstoppable with its plans to take over Africa’s skies Ethiopian Airlines is proving to be unstoppable in its plans to take over Africa’s skies. This month, the company announced new aircraft purchases valued at around $332 million to help solidify its domestic and regional reach. The order of the Q400 turboprops […]
Read More
Botswana Economic Outlook Recently released GDP data revealed that the economy lost some steam at the start of the year, growing 4.8% in Q1 on a year-on-year basis, down from the 6.5% expansion recorded in Q4 2017. Despite the slowdown, the pace of growth remained robust, driven by stronger private consumption growth and a solid […]
Read More
The World Bank partners with the government to promote private sector-led, jobs-intensive growth, strengthen human and physical assets, and support effective resource management. Botswana is located at the center of southern Africa, positioned between South Africa, Namibia, Angola, Zambia, and Zimbabwe. One of the world’s poorest countries at independence in 1966, it rapidly became one […]
Read More