News

A 30-metre dome at Morupule B reveals the infrastructure gaps holding back Africa’s power grids and the South African scaffolders filling them. Botswana’s energy crisis doesn’t fit the usual narrative. There’s no shortage of coal at the Morupule B Power Station, the country sits on substantial reserves. The problem is …

Botswana’s diamond-dependent economy is facing a significant downturn, with the International Monetary Fund (IMF) warning that the slump in the global diamond market is dragging down growth. After expanding by 3.2% in 2023, the economy contracted sharply by 3% in 2024, primarily due to “strong headwinds” facing the diamond industry, …

The government of Botswana has set an ambitious end-of-October deadline to secure majority ownership of De Beers, a move President Duma Boko says is critical for the country’s economic sovereignty as diamond markets remain under strain. Speaking to Bloomberg Television in New York, Boko confirmed that his government is in …

Revised acquisition terms will see Kalahari Copper Limited’s Namibian assets included in a deal first announced in July, broadening the scope of Oscillate PLC’s purchase beyond Botswana. Under the new non-binding Heads of Terms, Oscillate is set to acquire both the Botswanan and Namibian portfolios, significantly expanding its presence across …

Matsiloje’s Tataki Mine formerly Tati Nickel Mine is set to reopen next week under a new U.S registered critical metals company – Global Critical Resources Corporation (GCR Group). The development comes after NIU Invest (NIU), a leading European investment company, contributed MTV, a copper mine in Chile and Tataki Mine …

Long celebrated as Africa’s diamond success story,Botswana is facing its toughest economic challenge in decades. The rise of cheaper, lab-grown gems is eroding demand for natural diamonds, threatening a sector that once accounted for 80% of the country’s exports and a third of government revenue. Across the country, the slowdown …

Botswana, long considered a beacon of stability and prosperity in Africa, is facing a severe economic crisis as the global diamond market crumbles. The downturn is exposing the nation’s heavy reliance on a single commodity that has fueled its success for over half a century. A sharp drop in demand …

As the global demand for critical minerals accelerates, the continent’s role is shifting from resource supplier to indispensable partner in powering the energy transition, industrial growth, and global security. The time to elevate Africa’s position on the world stage is now.   This was the call to action at a …

President Duma Boko has unveiled a landmark $12-billion investment agreement between Botswana and Qatar’s Al Mansour Holdings, a deal he described as a “historic move” to address the country’s immediate economic challenges. The agreement, signed in partnership with the state-owned Botswana Development Corporation, will channel capital into critical sectors including …

Independent power producer Globeleq and its partner, African Rainbow Energy, have secured financing for the 153 MW/612 MWh Red Sands battery energy storage system (BESS), a landmark project poised to become Africa’s largest standalone facility of its kind. The deal, valued at approximately R5.4 billion ($292 million), was financed through …