AGP Executive Report
Last update: 3 hours agoNew Botswana City Deal: Botswana has signed a roughly $2bn agreement with UAE’s Albaddad Group to build “New Botswana City” in Gaborone, a mixed-use development covering 1.24 million sq m with an exhibition and trade centre as the first phase, aimed at boosting tourism, trade and investment as diamond revenues come under pressure. PPC Turnaround: Cement producer PPC says its turnaround is paying off again, reporting a 31% jump in EBITDA to about R2.1bn and a 72% dividend increase, with improved cash generation supported by South Africa and Botswana operations. Oil Tanker Flag Fraud Row: Botswana insists it has no link to a tanker targeted by the US in the Persian Gulf, saying the vessel was falsely flying the Botswana flag—highlighting the growing problem of flag fraud and sanctions disputes. Climate and Storms: Researchers link more frequent intense storms to global warming, warning that impacts depend on preparedness and local conditions. Netball Turmoil: Botswana netball is rocked by match-fixing allegations that have led to the cancellation of men’s finals, while clubs question how the issue was handled. Sports Foundation: Athletics legend Isaac Makwala is set to launch his foundation in Gaborone to support youth through sport, education and mentorship.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
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