A Cabanga Africa Publication

Africa Thinks Here

On-the-ground business intelligence in Botswana and Lesotho, since July 2019.

Section

Money

Oil-price hedging

Oil-price hedging

Oil prices swung sharply during Middle East supply disruptions – a reminder that for an oil-importing economy like Botswana, hedging is a budgeting discipline, not a speculative bet.

Renewable project finance

Renewable project finance

Large solar projects in Botswana have moved from concept to signed arrangements – the point at which renewable ambition starts to behave like real, financed infrastructure.

Gulf capital access

Gulf capital access

Botswana’s energy and mineral exploration deals with Oman mark a shift: sovereign-to-sovereign capital is becoming a serious source of long-horizon money for a small economy.

De Beers capital race

De Beers capital race

As Anglo prepared changes to De Beers, African states weighed taking stakes – a capital race over who owns the company at the centre of Botswana’s diamond story.

Diamond cash-flow volatility

Diamond cash-flow volatility

ODC’s shift toward contract sales was designed to reduce price and auction volatility – trading the spikes of the open market for a steadier diamond cash flow.

Interest-rate discipline

Interest-rate discipline

As inflation and liquidity pressures moved, Bank of Botswana policy signals stayed essential reading – the interest-rate discipline that prices every loan in the economy.

Inflation dashboard

Inflation dashboard

With Statistics Botswana’s CPI and global oil and food shocks in play, price monitoring stayed central to planning – an inflation dashboard the prudent operator now reads weekly.

Bankability under fiscal stress

Bankability under fiscal stress

A budget deficit and a debt-ceiling breach raised questions about public-sector payment reliability – the quiet foundation that every supplier and payroll depends on.

Debt-cost repricing

Debt-cost repricing

Botswana’s rating downgrade signalled rising sovereign-risk sensitivity – and a budget projecting an economic rebound now has to be financed at a higher price for risk.