{"id":43450,"date":"2024-02-11T19:20:39","date_gmt":"2024-02-11T19:20:39","guid":{"rendered":"https:\/\/www.africa-press.net\/botswana\/all-news\/botswana-assigns-65m-for-stake-in-belgian-manufacturer"},"modified":"2024-02-11T20:12:18","modified_gmt":"2024-02-11T20:12:18","slug":"botswana-assigns-65m-for-stake-in-belgian-manufacturer","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/botswana\/all-news\/botswana-assigns-65m-for-stake-in-belgian-manufacturer","title":{"rendered":"Botswana Assigns $65M for Stake in Belgian Manufacturer"},"content":{"rendered":"

Africa-Press – Botswana. <\/strong><\/span>Botswana has designated BWP 890 million ($65 million) from its new fiscal 2024-2025 budget for the purchase of a 24% stake in Belgian manufacturer HB Antwerp.<\/b><\/p>\n

The deal, which it first announced in March, calls for the African country to supply rough from state-owned Okavango Diamond Company (ODC) to HB Botswana for five years. The partnership would operate in a similar fashion to HB\u2019s previous supply deal with Lucara Diamond Corp, enabling Botswana to retain a share of the polished profits.<\/p>\n

Lucara terminated its rough-supply agreement with HB in September, citing a \u201cmaterial breach of financial commitments\u201d by the Belgian manufacturer as the reason for the split. That decision came on the heels of HB\u2019s departure from cofounder and managing partner Oded Mansori, whom it has since reinstated to his original role.<\/p>\n

There was media speculation late last year that the Botswana government was pressuring Lucara to reconnect with HB, and that the split could affect Botswana\u2019s interest in the manufacturer. Lucara owns the Karowe mine in Botswana. The miner has since announced that it planned to form new supply deals with other vendors.<\/p>\n

For More News And Analysis About Botswana<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Botswana. Botswana has designated BWP 890 million ($65 million) from its new fiscal 2024-2025 budget for the purchase of a 24% stake in Belgian manufacturer HB Antwerp. The deal, which it first announced in March, calls for the African country to supply rough from state-owned Okavango Diamond Company (ODC) to HB Botswana for […]<\/p>\n","protected":false},"author":84,"featured_media":43449,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,7,244],"tags":[233,237,234],"class_list":["post-43450","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-head-lines","category-to-homepage","tag-africa-press","tag-africa-press-botswana","tag-botswana"],"yoast_head":"\nBotswana Assigns $65M for Stake in Belgian Manufacturer - Botswana<\/title>\n<meta name=\"description\" content=\"Botswana has designated BWP 890 million ($65 million) from its new fiscal 2024-2025 budget for the purchase of a 24% ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/botswana\/all-news\/botswana-assigns-65m-for-stake-in-belgian-manufacturer\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Botswana Assigns $65M for Stake in Belgian Manufacturer\" \/>\n<meta property=\"og:description\" content=\"Botswana has designated BWP 890 million ($65 million) from its new fiscal 2024-2025 budget for the purchase of a 24% ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/botswana\/all-news\/botswana-assigns-65m-for-stake-in-belgian-manufacturer\" \/>\n<meta property=\"og:site_name\" content=\"Botswana\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2024-02-11T19:20:39+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-02-11T20:12:18+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/botswana\/sites\/38\/2024\/02\/sm_1707669146.38632.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/botswana-assigns-65m-for-stake-in-belgian-manufacturer#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/botswana-assigns-65m-for-stake-in-belgian-manufacturer\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/botswana\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Botswana Assigns $65M for Stake in Belgian Manufacturer\",\"datePublished\":\"2024-02-11T19:20:39+00:00\",\"dateModified\":\"2024-02-11T20:12:18+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/botswana-assigns-65m-for-stake-in-belgian-manufacturer\"},\"wordCount\":204,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/botswana-assigns-65m-for-stake-in-belgian-manufacturer#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/botswana\/sites\/38\/2024\/02\/sm_1707669146.38632.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Botswana\",\"Botswana\"],\"articleSection\":[\"all news\",\"economy\",\"head lines\",\"to-homepage\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/botswana\/all-news\/botswana-assigns-65m-for-stake-in-belgian-manufacturer#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/botswana-assigns-65m-for-stake-in-belgian-manufacturer\",\"url\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/botswana-assigns-65m-for-stake-in-belgian-manufacturer\",\"name\":\"Botswana Assigns $65M for Stake in Belgian Manufacturer - 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