Business

Canada’s Fura Gems acquires ruby mining licences in Moza

Fura Gems, of Canada, has acquired the largest licensed area – 1,104 square kilometres – for ruby exploration in Mozambique, after the conclusion of a merger of mining assets with Australian companies Mustang Resources Ltd and Regius Resources Group Ltd, the mining company said in a statement on Monday. ...Read More

Cash-strapped Eskom likely to shed jobs

Johannesburg – South Africa’s power utility, Eskom, says job cuts cannot be ruled out to afford the 7.5% salary increase offer that it tabled to its unions. ...Read More

Angola plans to balance public debt by 2020

Angolan public debt and accounts are only expected to be out of the red-zone and normalise by 2020 with state revenues, especially from taxes, expected to improve. ...Read More

Debswana caught X-ray machines uproar

Gaborone - Debswana Diamond Mining Company and its workers are at each other’s throats over the decision by the former to install X-ray machines at its mines amid fears of possible health effects of the move, it has emerged. ...Read More

Botswana's loss-making airline re-fleets

Gaborone - Struggling national carrier, Air Botswana, has added two planes to its fleet after a recent P290 million cash injection from the government. Franco-Italian aircraft manufacturer, Avions de Transport Régional (Toulouse Blagnac) confirmed an agreement with Air Botswana for the purchase of two ATR72-600s. ...Read More

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Poachers have broken into Botswana’s p Read more...

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