AGP Executive Report
Last update: 8 hours agoInvestment: BITC and Zotus City Development signed an MoU outlining plans for a 20,507-hectare smart city, industrial hub and special economic zone in Ghanzi. The framework still requires approvals, with site boundaries to be finalised. Capital Markets: Botswana has been selected as a venue for trading depositary receipts in Dangote Refinery’s $1.6 billion IPO, with a target of $500 million through Botswana. The offer has been extended to October 27 as NGX Group courts investors across African markets. China Ties: President Duma Boko says closer cooperation with China could bring infrastructure, digital and cybersecurity expertise to Botswana and the wider SADC region; the two countries have elevated ties to a comprehensive strategic partnership. Diamonds: Richemont and Signet are reportedly considering joining the consortium bidding for De Beers. Botswana, which owns 15%, is in talks over a possible stake increase to about 25%, giving the country a pivotal role in the proposed deal.
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