AGP Executive Report
Last update: 5 hours agoDe Beers Stake Talks: Botswana is seeking funding partners in the UAE and Oman to help acquire a larger stake in De Beers, as diamond prices soften and synthetic stones rise. Power Reliability: Botswana says major winter load shedding is unlikely this year, citing stabilisation progress at Morupule B and improved generation performance. Diamond Workers Push: The Botswana Diamond Workers Union plans a nationwide campaign for higher wages, better labour protections and stronger localisation across the diamond value chain. New Build for Gaborone: Albaddad Holding has launched “New Botswana City,” a US$1.9bn, mixed-use project with hotels, offices and residences aimed at boosting trade and investment. Banking Watch: BMI warns Botswana’s banking sector may face tighter conditions in 2026 as weak growth, diamond uncertainty and macro-fiscal risks weigh on credit and profitability. Pharma Deal: CFAO Healthcare received Botswana Competition and Consumer Authority approval to buy a 75% controlling stake in Medswana, expanding the local healthcare supply chain. Solar Manufacturing Jobs: Sunlux Solar broke ground on a P14m Tlokweng warehouse and manufacturing facility expected to create about 160 jobs. Digital Economy Caution: A local analysis argues Botswana’s digital growth is uneven, with many firms still relying on manual systems and facing data compliance risks. Mining Exploration Update: North Arrow Minerals reported gold intercept results from RC drilling at its Kraaipan project in southern Botswana.
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