Related Research Articles
The economy of Botswana is currently one of the world's fastest growing economies, averaging about 5% per annum over the past decade. Growth in private sector employment averaged about 10% per annum during the first 30 years of the country's independence. After a period of stagnation at the turn of the 21st century, Botswana's economy registered strong levels of growth, with GDP growth exceeding 6–7% targets. Botswana has been praised by the African Development Bank for sustaining one of the world's longest economic booms. Economic growth since the late 1960s has been on par with some of Asia's largest economies. The government has consistently maintained budget surpluses and has extensive foreign-exchange reserves.
The De Beers Group is a South African-British corporation that specializes in the diamond industry, including mining, exploitation, retail, inscription, grading, trading and industrial diamond manufacturing. The company is active in open-pit, underground, large-scale alluvial and coastal mining. It operates in 35 countries with mining taking place in Botswana, Namibia, South Africa, and Canada. It also has an artisanal mining business, Gemfair, which operates in Sierra Leone.
Nicholas F. Oppenheimer is a South African billionaire businessman. He was formerly the chairman of De Beers diamond mining company and of its subsidiary, the Diamond Trading Company, and former deputy chairman of Anglo American. He is the third richest man in Africa.
The Orapa diamond mine is the world's largest diamond mine by area. The mine is located in Orapa, a town in the Central District of Botswana about 240 km (150 mi) west of the city of Francistown. Orapa is owned by Debswana, a partnership between the De Beers company and the government of Botswana. The mine was discovered on 1 March 1967, a year after Botswana's independence, by a team of De Beers geologists, including Manfred Marx, Jim Gibson and led by Dr. Gavin Lamont. It is the oldest of four mines operated by the company, and began operations in July 1971 and its first production was 1,438,168 carats (287,633.6 g). The revenue the mine generated is credited for transforming the Botswana economy, as it allowed the government to invest in critical social services and national infrastructure.
The Letlhakane diamond mine is a diamond mine located in Botswana about 190 kilometers (120 mi) west of the city of Francistown. Letlhakane, meaning "little reeds", is owned by Debswana, a partnership between the De Beers company and the government of Botswana. It is the second oldest of four mines operated by the company, having begun operations in 1975.
The Jwaneng diamond mine is the richest diamond mine in the world, and also the second largest in the world. It is nicknamed "the Prince of Mines", and is located in south-central Botswana about 170 kilometers (110 mi) southwest of the city of Gaborone.
Debswana Diamond Company Limited, or simply Debswana, is a mining company located in Botswana, and is the world's leading producer of diamonds by value. Debswana operates four diamond mines in the eastern and central parts of Botswana, as well as a coal mine. Debswana is a joint venture between the government of Botswana and the South African diamond company De Beers; each party owns 50 percent of the company.
Tito Titus Mboweni is a South African politician who served as Minister of Finance of South Africa in the government of President Cyril Ramaphosa from 2018 to 2021.
The mining industry of Botswana has dominated the national economy of Botswana since the 1970s, being a primary sector industry. Diamond has been the leading component of the mineral sector ever since production of gems started being extracted by the mining company Debswana. Most of Botswana's diamond production is of gem quality, resulting in the country's position as the world's leading producer of diamond by value. Copper, gold, nickel, coal and soda ash production also has held significant, though smaller, roles in the economy.
Andrew John Bailey is a British central banker and Governor of the Bank of England since 16 March 2020.
Linah Kelebogile Mohohlo was a Botswana banker and university chancellor. She was the first female Governor of the Bank of Botswana from 1999 to 2016. She was also the first female Chancellor of the University of Botswana, serving from 2017 to 2021.
Louis A. Kasekende is a Ugandan economist, who serves as the executive director of the Macroeconomics and Financial Management, Institute of Eastern & Southern Africa (MEFMI), based in Harare, Zimbabwe, since 1 April 2021.
Louis Goodwill Nchindo (1941–2010) was a Botswana businessman and political advisor, who rose to political prominence as managing director of Debswana, the Botswana diamond authority. He was found dead in a rural area on the morning of 8 February 2010, having died under unknown circumstances.
Urjit Patel is a Kenyan-born Indian economist, who formerly served as the 24th Governor of the Reserve Bank of India and also Deputy Governor of Reserve Bank of India, looking after monetary policy, economic research, financial markets, statistics and information management. He resigned from his post on 10 December 2018, being the first RBI governor to state personal reasons as a driving factor for resigning.
Mrs. Elsie Addo Awadzi is a Ghanaian international economic and financial lawyer with over 25 years of professional experience working in various capacities in Ghana and internationally. She was appointed by H.E. Nana Addo Dankwa Akuffo Addo The President of the Republic of Ghana as the 2nd deputy governor of the Bank of Ghana in February 2018. She is the second female to hold that position. She was elected as Chairperson of the Alliance for Financial Inclusion's Gender Inclusive Finance Committee in 2020.
Michael Atingi-Ego is a Ugandan economist, who was appointed Deputy Governor of the Bank of Uganda, on 29 March 2020. At the time of his appointment, he served as the executive director of the Macroeconomics and Financial Management Institute of Eastern and Southern Africa (MEFMI), based in Harare, Zimbabwe.
Adam Mugume is a Ugandan economist who serves as the Director of Research & Policy at Bank of Uganda, a position he has occupied since 2011. From 27 March 2020 until 3 August 2020, Dr Mugume served as the Deputy Governor of the Bank of Uganda, the country's central bank, in acting capacity, before Michael Atingi-Ego, the substantive Deputy Governor took up office.
Thapelo Matsheka is a Motswana politician and economist who served as the Minister of Finance and Economic Development from November 2019 to April 2021. He was elected as the Member of the National Assembly for Lobatse in October 2019. He is a member of the Botswana Democratic Party. Matsheka is the former Managing Director of Fiducia Services.
Lynette Armstrong is a Botswana accountant and corporate executive, who was appointed as the acting chief executive officer of Debswana Diamond Company Limited, the largest diamond-mining company in the world, by value. She was appointed to that position in August 2019. Before that, from December 2015 until August 2019, Armstrong was the chief financial officer (CFO) at the same company. She relinquished he CEO/Managing Director role on 1 June 2022 when Andrew Maatla Motsomi became the new substantive CEO. Ms Armstrong resumed her role of CFO at Debswana.
Barbara Barungi, is a Ugandan economist, businesswoman and corporate executive who serves as the managing partner of Imara Africa Consulting, a pan-African economic, business and policy consulting group with offices in Nigeria, Kenya and Uganda. She concurrently serves as the non-executive chairperson of the board of Access Bank Kenya, the first woman to serve in that capacity.
References
- 1 2 3 De Beers Group (22 May 2022). "Debswana Diamond Company appoints Andrew Maatla Motsomi as Managing Director". De Beers Group . London, United Kingdom. Retrieved 28 September 2022.
- ↑ Botswana Daily News (8 February 2016). "Botswana: Botswana: Motsomi Is Deputy Governor BoB" (via AllAfrica.com). Daily News Botswana . Gaborone, Botswana. Retrieved 28 September 2022.
- 1 2 Rob Bates (27 May 2022). "Debswana Appoints New Managing Director". JCKOnline.com. New York City. Retrieved 28 September 2022.
- ↑ Sam Lewis (30 May 2022). "De Beers selects 'ideal' candidate for Debswana MD role". ProfessionalJeweller.com. London, United Kingdom. Retrieved 28 September 2022.