Archive for August 23rd, 2010

source: Sunday Standard
by Edgar Tsimane

De Beers says it is “cautiously optimistic” that the year will be good for Botswana’s diamond industry amid challenges ahead.

The company’s resident director and chief executive officer, Neo Moroka, announced before a stakeholder engagement breakfast Thursday that there were signs of recovery in the diamond market following a slump in diamond sales a little under two years ago.

The company says while it has posted successful first half year results, De Beers still conducts its business in “a challenging atmosphere and a fragile economic climate”.

De Beers says there are several forces that will shape the future of Botswana’s diamond industry in the foreseeable future. The other challenge, the company says, is how Botswana maintains and manages valuable resources. Moroka says the [continue reading]


source: Mmegi

In a development aimed at boosting trade and investment between the three SACU member countries, Botswana is set to sign a Double Taxation Avoidance Agreement with Lesotho and Swaziland.

Presently, trade between the three countries is very low with Botswana importing goods and services worth a mere P26 million in 2009 from Swaziland and a measly P250,000 from Lesotho in the same year.

Central Statistics Office figures for April 2010 show that Botswana did not make any exports to Lesotho while goods and services worth P144,000 were exported to Swaziland.

According to the Government Gazette of last week, the Minister of Finance and Development Planning has entered into an [continue reading]