Tag: Diamonds

Shut down – Another diamond mine goes under in Botswana
Business
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Business
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Shut down – Another diamond mine goes under in Botswana

Staff Reporter - Jun 12, 2017

By Mpho Tebele GABORONE – Four months after Gem Diamonds, announced that it has suspended its operations at Ghaghoo mine in western Botswana, another diamond mine has been…

Diamonds maybe losing their sparkle but still shining for local economy
Business
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Business
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Diamonds maybe losing their sparkle but still shining for local economy

Staff Reporter - May 15, 2017

Tiri Masawi WINDHOEK – Diamonds seem to be losing their spackle as the mainstay of the Namibian economy, after its contribution to government coffers contracted by 9.6…

Namibia rakes in R4 billion from De Beers
Business
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Business
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Namibia rakes in R4 billion from De Beers

Staff Reporter - Mar 13, 2017

By Timo Shihepo WINDHOEK – The Namibian Government raked in R4 billion from De Beers in 2016, The Southern Times has learnt. Information seen by this paper shows…

Namibia puts thrust on beneficiation
Business
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Business
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Namibia puts thrust on beneficiation

Staff Reporter - Nov 11, 2016

By Timo Shihepo WINDHOEK-NAMIBIA’S manufacturing sector should add value to natural resources and shun raw exports, says Inge Zaamwani-Kamwi, the Presidential Advisor on Constitutional Affairs and Private Sector…

Diamonds not forever, Botswana learns
News
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News
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Diamonds not forever, Botswana learns

Staff Reporter - Oct 02, 2016

By Ed Cropley GABORONE-WHEN David Magang opened Botswana’s first domestic law firm shortly after independence in 1966, he and his country were starting from scratch. Since then, both…

NicozDiamond sells off Uganda operation
Economies
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Economies
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NicozDiamond sells off Uganda operation

Staff Reporter - Sep 23, 2016

ZIMBABWE’S largest short-term insurer, NicozDiamond, says it has found a prospective buyer for its Ugandan operation, First Insurance Company (FICO). The Group is looking at disposing of…

Synthetic diamond threat to Botswana economy
Business
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Business
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Synthetic diamond threat to Botswana economy

Staff Reporter - Aug 29, 2016

By Mpho Tebele GABORONE-BOTSWANA’S former Minister of Minerals, Energy and Water Affairs David Magang has warned that synthetic diamonds pose a serious threat to Botswana’s diamond-led economy. He…

DIAMONDS NOT FOREVER: Economists call for Botswana ‘transformation’
Business
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Business
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DIAMONDS NOT FOREVER: Economists call for Botswana ‘transformation’

Staff Reporter - Aug 12, 2016

By Mpho Tebele GABORONE - Economists have urged Botswana to undergo what they termed a second economic transformation. In a report compiled by Econsult Botswana, economists Dr Keith…

Bots diamond industry thrown a lifeline
Business
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Business
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Bots diamond industry thrown a lifeline

Staff Reporter - Jul 29, 2016

By Mpho Tebele Gaborone - Overseas Private Investment Corporation (OPIC) has thrown the embattled diamond industry in Botswana a lifeline following the US Government’s decision to guarantee loans…

Diamonds or Coal? … Tough choice for Botswana
Business
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Business
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Diamonds or Coal? … Tough choice for Botswana

Staff Reporter - Jun 29, 2016

By Mpho Tebele Gaborone - Lack of diversity has been Botswana’s weak spot with the southern African country vulnerable to growing competition from other diamond-producing countries in the…

Bots-De Beers deal faces uncertain future
Business
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Business
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Bots-De Beers deal faces uncertain future

Staff Reporter - Feb 18, 2016

> Mpho Tebele Gaborone- The partnership between Botswana Government and diamond giant De Beers faces an uncertain future with opposition parties in the country making repeated calls…

Bots develops strategies to consolidate diamond market
Featured
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Featured
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Bots develops strategies to consolidate diamond market

Staff Reporter - Dec 01, 2015

> Mpho Tebele Gaborone - In an effort to ensure that it maintains a competitive edge over other players in the diamond industry, especially those from Asia,…

Diamonds on the wane
Featured
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Featured
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Diamonds on the wane

Staff Reporter - Nov 16, 2015

> Magreth Nunuhe Windhoek – The diamond sector in the Southern African Region is facing unusual pressure this year with the drop in the sale and prices…