Botswana: Latest News
Dana Sanchez, 7:19 pm
Diamonds have been fetching record prices at auction lately as the world’s ultra-rich seek shelter from stock market volatility. Lucara wanted to sell its tennis ball-size diamond directly to a wealthy buyer to capitalize on the boom in gem prices. That bet didn’t pay off. Stocks and financial assets have been volatile, especially after the Brexit vote. So how do diamond sales benefit Botswana? In parts of Africa, diamonds are associated with bloodshed. Botswana’s diamond story is different.
Keren Mikva, 4:50 pm
It’s the fourth-longest river in Africa, and vital to the economies of countries it runs through. The fertile Zambezi river basin plays host to a vast variety of wildlife, including crocodiles, lions, and hundreds of bird species. While some species are protected, hunting safaris are common. But areas once considered protected are also being exploited for mining. Australian-owned company Zambezi Resources received a 25-year license to mine for copper in the Lower Zambezi National Park.
Stuart Butler, 7:00 pm
Northern Botswana’s Okavango Delta is home to some of the greatest concentrations of wildlife left in Africa. Elephants are present in numbers seen nowhere else on the continent. There are an estimated 130,000 elephants in northern Botswana, which amounts to about a third of all the elephants in Africa. Take a look at this fantastic slideshow by Stuart Butler, a very talented photographer who recently spent several weeks in Botswana getting extremely close to elephants.
Dana Sanchez, 3:07 pm AFKI Original
When multinational companies expand in Africa, they often send employees there on assignment. How much they pay these employees depends a lot on fluctuations in currency, inflation and accommodation prices. New York City-based human resources consulting firm Mercer has carved out a niche for itself for the last 22 years by compiling data that help big companies decide what to offer by way of expat packages. These are the 10 cheapest places to live out of 209 cities around the world if you’re an expat.
Dana Sanchez, 7:46 pm
Goodluck Jonathan seems to have met the criteria for the Mo Ibrahim $5 million prize. He was democratically elected, served a constitutionally mandated term, and “demonstrated exceptional leadership,” according to a local media outlet. Ibrahim had some tough words for African leaders. “Excellence is excellence,” he said. He criticized leaders who crack down on gays instead of focusing on issues, like Kenyatta in Kenya, where gay sex is a crime. “Don’t tell people whom they should love,” he said.
Dana Sanchez, 6:28 pm
U.S. hotel firm Marriott, which bought South African hotel chain Protea in 2014, wants to reposition Protea from being a strong regional player to a globally recognized brand with international appeal by leveraging the power of its name, the parent company said. The Protea brand name may be changing, but among South African youth, it has been voted the coolest hotel brand six years in a row
Julia Austin, 12:21 pm AFKI Original
Four of the world’s 20 largest diamonds have been found at Lesotho’s Letseng mine — at 10,000 feet, the world’s highest-elevation diamond mine. In 2008, miners of Lesotho Gem Diamonds found a white 500-carat diamond in Letseng. It had very few inclusions, a rare color and was valued at $12 million before being cut up. Africa has more top diamond-producing countries than any other continent, and it’s the site of some mind-blowingly huge gemstones.
Dana Sanchez, 9:22 am
Under the trade agreement, the E.U. will guarantee Botswana, Lesotho, Mozambique, Namibia, and Swaziland 100 percent free access and South Africa 98.7 percent. SACU member countries do not have to respond with the same level of market openness. Instead, they can keep tariffs on products sensitive to international competition. The E.U. has never agreed before to such a degree of asymmetry in any free trade agreement. Other development-oriented free trade agreements could soon follow in West and East Africa.
Staff, 5:08 am
Southern African Development Community (SADC) and European Union (EU) signed the operationalisation of phase one of the two parties’ Economic Partnership Agreement (EPA) in Kasane town in north-eastern Botswana on June 10. There have been concerns that the conclusion of negotiations, which lasted for almost a decade, could result in EU’s advanced industries crowding out the infant industries in the region, especially those in the agricultural sector.
Lillian Mutiso, 5:49 am AFKI Original
Africa has one of the highest levels of unemployment in the world. Since 2000, more than 27,000 Africans have died while trying to illegally enter Europe via the sea. The search for jobs and an escape from high levels of poverty across the continent is a major motivation. Though unemployment in some African nations reportedly remains higher than 25 percent, general numbers are improving, and many believe that emerging economies in Africa are set to expand rapidly in the coming years.
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