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Namibia and Botswana Deepen Ties with Eight New Bilateral Agreements

Namibia and Botswana are set to significantly expand their economic and development cooperation, finalizing eight new Memoranda of Understanding (MOUs) and agreements on Friday. The instruments, covering key sectors from energy to mining, were revealed at the close of the ministerial segment of the Botswana-Namibia Bi-National Commission (BNC) in Windhoek …

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Botswana Withholds Diamonds as Global Slump Hits Prices

The state-owned Okavango Diamond Co. (ODC) has made a “prudent decision to withhold” nearly one million carats of rough diamonds after an ad-hoc auction failed to meet its reserve price, signaling the government’s refusal to concede to falling global prices. The late September “closed” tender, which saw no gems sold, …

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Botswana Sets 24% Local Stake Rule for New Mines

The government of Botswana has begun enforcing a new regulation requiring mining companies to sell a 24% stake in new concessions to local investors if the government opts not to acquire the stake, the Ministry of Minerals and Energy announced on 10 October 2025. The rule, first proposed last year …

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