Botswana has introduced a new regulation aimed at increasing local ownership in its mining sector. The amendment to the Mines and Minerals Act replaces the government’s previous right to acquire a 15% stake in any mining concession. Under the new rules, companies must now sell a 24% share in new mining projects to local investors if the state chooses not to purchase a stake. The Ministry of Mines and Energy says the regulation took effect on October 1. Channel Africa’s Economics Reporter, Innocent Semosa, has more.

Botswana has introduced a new regulation aimed at increasing local ownership in its mining sector. The amendment to the Mines and Minerals Act replaces the government&rsquo;s previous right to acquire a 15% stake in any mining concession. Under the new rules, companies must now sell a 24% share in new mining projects to local investors if the state chooses not to purchase a stake. The Ministry of Mines and Energy says the regulation took effect on October 1. Channel Africa&rsquo;s Economics Reporter, Innocent Semosa, has more.

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Botswana introduces act aimed at boosting local ownership in its mining sector

Time now for our daily market update feature, and today we are joined by Zwelakhe Mnguni, Chief Investment Officer at Benguela Global Fund Managers, to unpack the key drivers shaping markets and what investors should be watching...

Talking Points:

The African Development Bank has projected that Africa's growth to slow to 4.2% in 2026 as Middle East tensions push up fuel, food and fertilizer costs.

Morocco has overtaken South Africa as Africa's leading industrial economy, driven by stronger manufacturing growth, export diversification and industrial policy reforms, according to the AfDB.

Senegal's IMF talks face renewed uncertainty after the dismissal of PM Ousmane Sonko, heightening political risk and bondholder concerns over debt restructuring and fuel subsidy reforms.

Time now for our daily market update feature, and today we are joined by Zwelakhe Mnguni, Chief Investment Officer at Benguela Global Fund Managers, to unpack the key drivers shaping markets and what investors should be watching...
Talking Points:
The African Development Bank has projected that Africa's growth to slow to 4.2% in 2026 as Middle East tensions push up fuel, food and fertilizer costs.
Morocco has overtaken South Africa as Africa's leading industrial economy, driven by stronger manufacturing growth, export diversification and industrial policy reforms, according to the AfDB.
Senegal's IMF talks face renewed uncertainty after the dismissal of PM Ousmane Sonko, heightening political risk and bondholder concerns over debt restructuring and fuel subsidy reforms.

Africa Market Update with Zwelakhe Mnguni, Chief Investment Officer at Benguela Global Fund Managers

East African countries are renewing efforts to reduce the importation of second-hand clothing, commonly known as mitumba, is a Swahili term literally meaning "bundles".  

These clothes imported from the US, Europe and China are said to pose major economic, environmental, and industrial challenges problems for the East African Community (EAC).

Uganda introduced a new environmental levy on used clothing imports, Kenya has proposed tax changes targeting the sector while in Rwanda  the importation of second-hand clothing and shoes has been restricted.

Some critics have warned that millions of people depend on the 'mitumba' trade for affordable clothing and employment, while supporters of tighter restrictions argue that cheap second-hand imports undermine local manufacturing.  

Joining us to reflect on this is Jeff Mbanga, Business Editor of 'The Observer' newspaper in Uganda..

East African countries are renewing efforts to reduce the importation of second-hand clothing, commonly known as mitumba, is a Swahili term literally meaning "bundles". &nbsp;
These clothes imported from the US, Europe and China are said to pose major economic, environmental, and industrial challenges problems for the East African Community (EAC).
Uganda introduced a new environmental levy on used clothing imports, Kenya has proposed tax changes targeting the sector while in Rwanda &nbsp;the importation of second-hand clothing and shoes has been restricted.
Some critics have warned that millions of people depend on the 'mitumba' trade for affordable clothing and employment, while supporters of tighter restrictions argue that cheap second-hand imports undermine local manufacturing. &nbsp;
Joining us to reflect on this is Jeff Mbanga, Business Editor of 'The Observer' newspaper in Uganda..

East Africa’s Mitumba Crackdown Sparks Trade and Jobs Debate

oday on our Africa Markets update take a look at some of the key market movements shaping regional equities, currencies and commodities. From Nigeria's fastest economic growth in a decade, to Senegal's bond performance following the recent political changes. Our market analyst Viv Govender - Senior Analyst & Portfolio Manager at Rand Swiss, joins Unathi to unpack all these and more....

Talking Points:

According to new GDP figures reported by 'BusinessDay Nigeria, Nigeria's economy has recorded its fastest growth rate in a decade

The United States forces have reportedly . forces have reportedly conducted "self-defence strikes" in southern Iran, a development that could heighten geopolitical tensions and raise concerns over potential disruptions to global oil supply routes and energy markets.

Senegal's bonds have fallen sharply in the wake of the appointment of economist Ahmadou Al Aminou Lo as the country's new prime minister.

Mining activities in parts of South Kivu Province, in the Democratic Republic of Congo have been suspended for three months in a move that is aimed at putting an end to illegal mining.

oday on our Africa Markets update take a look at some of the key market movements shaping regional equities, currencies and commodities. From Nigeria's fastest economic growth in a decade, to Senegal's bond performance following the recent political changes. Our market analyst Viv Govender - Senior Analyst &amp; Portfolio Manager at Rand Swiss, joins Unathi to unpack all these and more....
Talking Points:
According to new GDP figures reported by 'BusinessDay Nigeria, Nigeria's economy has recorded its fastest growth rate in a decade
The United States forces have reportedly . forces have reportedly conducted "self-defence strikes" in southern Iran, a development that could heighten geopolitical tensions and raise concerns over potential disruptions to global oil supply routes and energy markets.
Senegal's bonds have fallen sharply in the wake of the appointment of economist Ahmadou Al Aminou Lo as the country's new prime minister.
Mining activities in parts of South Kivu Province, in the Democratic Republic of Congo have been suspended for three months in a move that is aimed at putting an end to illegal mining.

Botswana introduces act aimed at boosting local ownership in its mining sector

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