Nigeria’s mining sector is entering a new phase of growth as regulatory reforms, downstream investments and international partnerships strengthen investor confidence in one of Africa’s largest untapped mineral markets. The country’s solid minerals sector has secured approximately $3 billion in investments over the past three years, reflecting growing investor confidence as the West African nation seeks to bridge the financing gap hindering large-scale mining development. The investment milestone comes as Nigeria deepens engagement with investors to unlock its estimated $750 billion in untapped mineral resources. The country is targeting an increase in mining’s contribution to GDP to 10%, creating lucrative…
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Eastport Critical Metals Corp. (TSXV: EVI) (OTCQB: EVIIF) has announced the second batch of laboratory assay results for the reverse circulation (RC) drilling program at the Foley Uranium Project in Botswana. The second batch covers the results for the final five of 16 drill holes located on drill Fence 1, the first batch of assay results were announced 28 May 2026. CEO, Burns Singh Tennent-Bhohi, commented: “The latest batch of assays at Foley complete the results for drill Fence 1, which shows significant uranium mineralisation over a full 1.4 kilometres of strike length. Very encouragingly, these results confirm we are in…
Africa’s largest financial institution, Standard Bank Group, has reaffirmed its commitment to support the growth of Dangote Industries Limited, pledging backing for the planned listing of the Dangote Petroleum Refinery while expressing readiness to finance future expansion projects across the continent. The commitment came during a strategic visit by Standard Bank Group Chief Executive, Sim Tshabalala, and senior executives to the Dangote Petroleum Refinery and Dangote Fertiliser complex in Lagos. Speaking after touring the facilities, Tshabalala described the refinery as a transformational industrial project with far-reaching implications for Nigeria and Africa. “We are here because the Dangote Group is a…
Botswana’s reputation as one of the world’s premier safari destinations has received another major international endorsement, with four Wilderness Botswana camps recognised in the inaugural Condé Nast Traveller Triple Crown Awards. Wilderness Mombo, Little Mombo, DumaTau and Vumbura Plains have been named among a select group of properties across Africa and the Middle East to earn the prestigious distinction, which celebrates hotels and lodges that have achieved recognition across Condé Nast Traveller’s most influential accolades over time, including the Hot List, Gold List and Readers’ Choice Awards. The four Botswana camps form part of a group of six Wilderness properties…
Botswana government and De Beers Group have announced that former president of the African Development Bank Group (AfDB), Dr. Akinwumi Adesina, has been appointed as the Diamonds for Development Fund’s chairperson. Dr. Adesina is a widely respected global leader and renowned development economist with close to 40 years of experience in global and African development issues. He was the eighth elected President of the AfDB, first elected to the position in 2015, and re-elected for a second term in 2020. He ended his second term as President of the Bank in September 2025. He has also received widespread international recognition…
Botswana Minerals plc, the AIM- and Botswana Stock Exchange-listed copper and diamond exploration company, has announced that an AI-assisted exploration study across two of its eight northern Botswana licences has identified 36 copper anomalies grouped within six exploration “corridors”.According to the company, the licences lie within an under-explored geological corridor linking Namibia’s Damara Belt with the Central African Copperbelt of Zambia and the DRC: two of Africa’s most important copper regions. The anomalies identified share the geological characteristics of several major operating and historical deposits and fieldwork to identify the top targets for drilling will commence shortly. The ongoing work…
Botswana was officially admitted as a member of the World Federation of Diamond Bourses (WFDB). The announcement was made by the Minister of Minerals and Energy, Honourable Bogolo Joy Kenewendo, at the WFDB Summit held in Gaborone today. The WFDB Summit brought together leaders of international diamond bourses, investors, policymakers and strategic partners, including the Botswana Stock Exchange, for an engagement that for a long time will position Botswana not only as a producer of natural diamonds but also as the global benchmark for provenance, authenticity, responsible sourcing and organic luxury. Minister Kenewendo further announced that Botswana is joining the…
Wilderness, through its partner operating Wilderness Chitabe Camp, Flamingo Investments, has donated food supplies valued at P110,000 to support the breakfast feeding programme at Shorobe Primary School, benefiting 468 learners for the school term. The contribution forms part of Wilderness’ ongoing commitment to community upliftment and long-standing support for education initiatives in communities neighbouring its operations. The donation is intended to complement Government’s school feeding programme by helping ensure learners have access to breakfast during the school term, supporting learner wellbeing, attendance, and readiness for learning. The handover was attended by Kgosi Totang, the area Councillor, members of the Village…
De Beers rough production and sales rose during the first part of the year buoyed by price cuts and recovery at key Debswana mine in Botswana. The company said in its Production Report for the First Quarter of 2026 that diamond production increased by 17% to 7.1 million carats while sales were better than first quarter of 2025. “In Botswana, production increased by 5% to 4.8 million carats, as a result of higher recovered grade at Orapa. Jwaneng production was broadly consistent with the comparative period. “Namibia’s production decreased by 12% to 0.6 million carats, due to scheduled maintenance on…
Stanbic Bank Botswana today reaffirms its strategic commitment to Botswana’s tourism sector through its partnership with the Hospitality and Tourism Association of Botswana (HATAB) for the 2026 Annual Conference, taking place this week in Maun. The sponsorship, valued at P250,000, underscores the Bank’s continued support for tourism as a key driver of economic diversification, employment creation, foreign exchange earnings, and inclusive national growth. Being held under the theme “Re-defining Tourism Strategies to Reshape the Botswana Tourism Landscape,” the conference brings together operators, policymakers, financiers, development partners, and community stakeholders to shape the future direction of one of Botswana’s most important…