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Botswana Appoints Nigeria’s Farouk Gumel As Chairman Of New Multi-Billion-Dollar Sovereign Wealth Fund
The President of Botswana, His Excellency Advocate Duma Gideon Boko, has appointed Nigerian banker and investment executive, Mr. Farouk Gumel, as Chairman of the Board of Directors of the newly launched Botswana Sovereign Wealth Fund Limited...

Bagudu congratulates Gumel on Botswana Sovereign Wealth Fund Chairman appointment
Minister of Budget and Economic Planning, Senator Abubakar Bagudu, has congratulated Mr Farouk Gumel, on his appointment as Chairman of the Board of Directors of the Botswana Sovereign Wealth Fund Limited. Gumel is the Vice Chairman of Africa for...

Botswana appoints Nigerian, Gumel, as SWF chairman
The President of Botswana, Advocate Duma Gideon Boko, has announced the creation of a new Botswana Sovereign Wealth Fund Limited, with a Nigerian, Farouk Gumel, appointed as the inaugural Chairman of its Board of Directors. Gumel is currently the...

Bagudu Hails Gumel’s Appointment as Botswana Sovereign Wealth Fund Chairman
James Emejo in Abuja Minister of Budget and Economic Planning, Senator Abubakar Bagudu, yesterday congratulated the Vice Chairman of Africa for Tropical General Investment (TGI) Group, Mr. Farouk Gumel, on his appointment as Chairman, Board of...

Ex-NSIA boss chairs Botswana Sovereign Wealth Fund
BY SAM OTUONYE The President of Botswana, His Excellency Advocate Duma Gideon Boko has announced the creation of a new Botswana Sovereign Wealth Fund Limited with a Nigerian, Farouk Gumel as inaugural Chairman of its Board of Directors. Gumel is...

Bagudu congratulates Gumel over Botswana Sovereign Wealth Fund Chairmanship
BY SAM OTUONYE The Minister of Budget and Economic Planning, Senator Abubakar Bagudu, has congratulated the Vice Chairman of Africa for Tropical General Investment (TGI) Group, Mr. Farouk Gumel, on his appointment as Chairman of the Board of...

Botswana celebrates Letsile Tebogo's historic Olympic gold with new banknote
JOHANNESBURG - Botswana has printed a bank note featuring its first-ever Olympic gold medalist, Letsile Tebogo. The 50 BWP (Pula) note was announced on Friday, the day of the bank’s 50th anniversary celebration. The 22-year-old's image is printed...

Bagudu Hails Gumel On Appointment As Botswana Sovereign Wealth Fund Chairman
The Minister of Budget and Economic Planning, Senator Abubakar Bagudu, has congratulated the Vice-Chairman of Africa for Tropical General Investment (TGI) Group, Mr. Farouk Gumel, on his appointment as Chairman of the Board of Directors of the...

Botswana speeds up medicine delivery after health crisis
The Botswana government says progress has been made in getting medicines to different parts of the country. This follows President Duma Boko’s declaration of the State of Public Health Emergency, 2 weeks ago. This followed reports of shortage of...

SASSCAL delivers 15 advanced automatic weather stations to Botswana Government
The Southern African Science Service Centre for Climate Change and Adaptive Land Management (SASSCAL) has formally transferred ownership of 15 automatic weather stations (AWS) to Botswana’s Ministry of Environment and Tourism. This significant...

Kitwe,Zambia, Botswana seal power trade deal
By BUUMBA CHIMBULU ZAMBIA and Botswana have signed a Memorandum of Understanding (MoU) that will unlock cross-border electricity trade and strengthen regional energy cooperation. The agreement, signed yesterday in Lusaka at the 2025 Energy Forum...

Botswana honours Olympic Champion with banknote image
The Bank of Botswana has unveiled a new 50 pula banknote featuring the nation’s first Olympic gold medalist, sprinter Letsile Tebogo, alongside members of the men’s 4x400m relay team who won silver at the Paris 2024 Games. The announcement came on...

Diamond-rich Botswana Appoints Nigerian as Chairman of Multi-billion-dollar Sovereign Wealth Fund
Eromosele Abiodun Chairman of Nigeria’s second oldest bank, Union Bank Plc, Mr. Farouk Gumel, has been appointed by the President of Botswana, His Excellency Advocate Duma Gideon Boko as the Chairman Board of Directors of the Botswana Sovereign...

Botswana Has Credit Rating Cut by S&P on Diamond Slump
Botswana’s credit rating was cut by S&P Global Ratings, another blow to its diamond-dependent economy that’s struggling with a slump in demand for its gems. The country had its long-term sovereign credit rating cut one notch to BBB, the...

UN report urges Botswana government to combat marginalization of indigenous peoples
The Special Rapporteur of the United Nations Human Rights Council for Botswana issued a statement on Friday urging the allocation of a clear strategy and budget to combat the marginalization of indigenous peoples in the country. During an official...

Gumel heads Botswana’s Sovereign Wealth Fund
The President of Botswana, Duma Boko, has announced the creation of a new Botswana Sovereign Wealth Fund Limited with the former Chairman of the Nigerian Sovereign Investment Authority, Mr. Farouk Gumel, as the inaugural Chairman of its Board of...

Meet the banker who gives away half of his income
One of the City’s best-known bankers, John Studzinski CBE, is a shining example of philanthropy, having long donated about half his vast earnings (rumoured to be £13 million a year at their peak) to charity. He’s established and regularly...

Synthetic stones undercut southern Africa’s diamond economies
JOHANNESBURG, Sept 15 — Botswana and southern African peers that built much of their prosperity on diamonds are scrambling for alternatives as cheaper, lab-grown stones threaten their economies. Diamond-dependent Botswana is leading the way and...

Choppies' profit outlook impacted by foreign exchange and operational costs
Choppies Enterprises' taxed profit will likely decline by between 35% and 25% for the 12 months to June 30, impacted mainly by the loss on the sale of the Zimbabwean business, foreign exchange rate differences, cost of diesel to mitigate...

Botswana puts Olympic champion on five-dollar bill
Even though it’s been more than a year since Botswana’s Letsile Tebogo stormed to 200m Olympic gold at Paris 2024, his country has not stopped celebrating him. On Friday, the president of Botswana announced that Tebogo would be the new face of the...