Econsult Botswana

02/06/2026

https://econsult.co.bw/may-29th-government-bond-auction-successful-interest-rates-stable/

Positive results from May 2026 Botswana government bond auction, with full allotment and stable yields

01/06/2026

https://www.jckonline.com/editorial-article/bogolo-joy-kenewendo-vegas/?utm_campaign=4179272-newsbrief_and_tradeWire&utm_medium=email&_hsenc=p2ANqtz-9eKI6kDfOcHkpNQa1sfajfeFFSik_qaicH_1DbsNg7iQSd5ANLJPX87l42dFcGE-jIdjCbhWqckZR046RWKqdoy136Lw&_hsmi=421577474&utm_content=421577474&utm_source=hs_email

Attending the just-opened JCK show in Las Vegas, Botswana’s minister of minerals and energy, Bogolo Joy Kenewendo, says she and her country are standing

31/05/2026

https://www.miningmx.com/news/base-metals/65476-giyani-metals-says-seeking-partners-for-535m-botswana-mine/

GIYANI Metals said on Thursday a proposed $535m manganese project in Botswana had “strong economics” ahead of progressing talks with strategic partners. A definitive feasibility study published today said the K Hill Project would generate net free cash flow of $1.6bn over its 25 year life of min...

29/05/2026

https://www.mining.com/giyani-metals-study-shows-leaner-pricier-manganese-project-in-botswana/

A new feasibility study gives K. Hill a post-tax NPV of $481.5 million, half of the value estimated in the 2023 PEA.

17/05/2026

Very technical but well worth a read if you are interested in how electricity grids actually work, and the issues around integrating variable renewable energy into the grid.

I gave this speech at the Cirrus Investor Conference in Namibia last week: . Ladies and gentlemen, Thank you for the opportunity to speak today. The question before us - green energy versus baseload energy is often presented as a simple choice. But for developing countries, it is anything

04/05/2026

The auction of Government bonds and T-Bills held on 30th April raised a total of P835 million (net). This is slightly below the P1 billion monthly average that government intends to raise as per its 2026/27 Annual Borrowing Programme, and represented 88% of the net amount offered at this auction (P945 million). Interest rates were largely unchanged from the March auction

30/04/2026

Our Economic Review for the first quarter of 2026 is published today. The publication includes reviews of key developments in Q1, including modest recovery in the diamond market, the economy’s expected emergence from two years of recession, the 2026 Botswana Budget, and the impact of the US-Israel-Iran war. It also includes a feature on Debt Sustainability, which notes that while Botswana has historically had a very low level of public debt, the depletion of fiscal buffers and continued large budget deficits has put debt on a rapidly rising trajectory, with an anticipated sharp increase the burden of interest payments in the government budget. Download at

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30/04/2026

https://www.ecofinagency.com/news-industry/2804-55086-de-beers-sees-production-rise-while-diamond-prices-remain-under-pressure

Production rises 17% to 7.1 million carats in Q1 2026 Gains driven by Canada and South Africa operations Falling diamond prices continue to weigh on market outlook De Beers produced 7.1 million carats of diamonds in the first quarter of 2026, a 17% increase from a year earlier. In an...

17/04/2026

From today's RMB Africa Brief:
Angola: Confusion has arisen regarding funding for the US$6.6bn Lobito refinery after Sonangol rejected reports that it was in talks with Botswana over a 30% stake in the 200kbpd project, saying the alleged interest came as a surprise. Media reports quoting Botswana’s energy minister suggested Gaborone was considering equity participation. However, Sonangol’s refining CEO asserted that Zambia was the first country to express interest and reiterated that Angola would retain a 51% majority stake. Botswana’s energy ministry has not confirmed any formal discussions.
The refinery faces a large financing gap of about US$4.8bn, with Sonangol contributing around US$950m to cover the first phase. Angola is in ongoing talks with potential lenders and partners, including Afreximbank, Standard Chartered, ICBC, Société Générale and Chinese institutions, but funding has yet to be secured. Construction is slated to begin in 2026, with completion targeted for 2027, although progress is at about 23% and delays remain likely. This project is central to Angola’s strategy to cut fuel imports, build domestic refining capacity and potentially add a petrochemicals complex to support fertiliser production and agricultural development.

16/04/2026

https://www.oldmutualinvest.com/institutional/knowledge-room/insights/stability-institutions-and-the-long-term-investment-case/

For many years, Botswana was regarded as Africa’s most stable, well-managed country.