Botswana: Latest News

  • Diamond Investment Continues Despite Conflicting Reports Of Rough Market Recovery

    Diamond investment continues By Dana Sanchez, 2:55 pm

    The rough diamond market appears to be making a cautious recovery. Polished diamonds? Not so much. Monthly fluctuations show it’s too soon to tell. Lack of firm evidence for a diamond market recovery is not deterring diamond exploration. A Namibian joint-venture with De Beers recently took possession of its sixth mining and exploration vessel, price tag: $160 million. It’s the most sophisticated diamond sampling and exploration vessel in the world, and will operate off the Namibian coast.

  • How A South African Company Uses Bats And Owls As Agricultural Allies

    Bats And Owls As Agricultural Allies By Dana Sanchez, 2:07 pm AFKI Original

    EcoSolutions manages some of the world’s largest bat and insect mitigation programs. Insects have decimated Nigeria’s tomato crop and Nigerian free-tailed bats could help control them, a director told AFKInsider. The company builds bat and owl houses and manages them for chemical-free pest control. “It would be better to include bats in the agricultural success of tomatoes in Africa than bailing out (countries) or providing aid when the tomato crop fails.”

  • Equatorial Guinea, Uganda, Botswana: One Of Them Could Land The Next African Union Chair Post

    next African Union chair By Staff, 5:06 pm

    Botswana has not always supported the African Union on critical issues such as the International Criminal Court, and experts believe it lacks the goodwill needed to support its candidate. South Africa’s A.U. opinions appear closer to Equatorial Guinea’s than Botswana’s on issues such as the politics in Burundi and the ICC’s relations with Africa. The need to give voice within the A.U. to the continent’s historically marginalized regions could push Equatorial Guinea’s candidate to the top. The A.U. faces many challenges including its dependence on foreign aid for its financing.

  • 1,300 Galaxies: First Image From South Africa’s Powerful Radio Telescope

    SKA radio telescope - square kilometre array By Dana Sanchez, 1:40 pm

    Eight other countries in Africa besides SA will have radio telescopes contributing to the Square Kilometre Array network. The SKA will outperform the most advanced modern instruments in exploring exploding stars, black holes, dark energy and traces of the universe’s origins 14 billion years back. It’s the first time African countries are hosting global science infrastructure of this scope. South Africa will become home to the most powerful instrument ever used in radio astronomy when SKA is fully operational.

  • Traveling in Botswana: 10 Things You Should Know Before You Go

    traveling in botswana By Becca Blond, 9:47 am

    As an explorer’s paradise, traveling in Botswana exposes tourists to a vast, mostly roadless wilderness filled with with fascinating ecosystems including savannas, wetlands, deserts and massive salt pans, plus some of the world’s best, most luxurious safaris. The country is also one of Africa’s political and ideological success stories, with an economically stable population that has access to some of the continent’s best health care and education. Here are 10 essential things to know about traveling in Botswana.

  • Beyond Bicycles: Will E-Bikes Revolutionize Transport In Africa?

    By Dana Sanchez, 1:24 pm AFKI Original

    A tourism entrepreneur who runs a Cairo-to-Cape Town cycling expedition predicts e-bikes are the future of African transport. “E-bikes will be just like the cell phone revolution,” says Henry Gold, founder of Tour d’Afrique. Gold sees a future where Africans will be able to go home and charge their e-bikes. Africa still has relatively few cars, but emissions are mostly unregulated and much higher than the rest of the world. With e-bikes, Africa has a massive opportunity to go down another road, says the U.N.’s head of transport.

  • Is MTN Recruiting Bankers Because It Wants To Buy Barclays Africa?

    By Dana Sanchez, 11:56 am

    MTN making a bid to buy Barclays Africa assets might sound far-fetched and ridiculous – but an MTN bank with operations in 14 African countries would shake up both the cellular and financial services industries. MTN has a track record in integrating big assets. Two new hires at MTN include top-ranking executives with heavy banking experience. Building its own fintech solutions would be expensive for MTN. The trend is for fintech startups to partner with banks rather than telecoms.

  • Barclays Africa Says ‘Africa Is Our Destiny,’ Wants To Lend Small Businesses $88M

    Barclays Africa By Dana Sanchez, 12:21 pm

    Barclays Africa said it plans to raise $88 million US to fund loans for small and medium enterprises as part of its growth strategy at a time when U.K.-based parent Barclays plc is selling down its stake in the group. The idea is to raise funds and make loans at attractive rates. Sub-Saharan Africa, home to some of the world’s poorest people, has some of the highest interest rates in the world, offering high rates of return for investors. Barclays corporate lending is up in Africa. The bank’s strategy for shared growth is not philanthropy. It’s business, its CEO said.

  • 8 Olympic Sports That African Countries Will Excel At

    Olympic sports - Seabelo Senatla - South Africa Rugby Sevens By Peter Pedroncelli, 5:00 am AFKI Original

    The 2016 Rio Olympics provide an opportunity for African countries to earn medals for Olympic sports in competition with the best athletes and sportsmen and women from around the world. With this in mind, we take a closer look at 8 Olympic sports that teams from the African continent will likely excel at.

  • Did Brexit Jinx It? No Sale At Auction For World’s Biggest Uncut Diamond

    world's biggest uncut diamond By 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.

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