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Diamond Rebound to Boost Botswana Growth
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Botswana’s government expects the country’s economy to return to growth next year on the back of a recovery in the diamond sector.The nation’s gross domestic product (GDP) will increase 7.7% in 2021, Thapelo Matsheka, minister of finance and...
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Mining
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Oct 21, 2020
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Rapaport News
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Botswana Mining Decline Hits GDP Growth
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Botswana’s economic growth slowed last year due to lower rough production, further aggravated by weakness in its diamond-manufacturing sector, the nation’s central bank said last week.Gross domestic product (GDP) increased 3.7% in the 12 months...
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Mining
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Mar 04, 2020
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Rapaport News
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Namibia Predicts Diamond-Sector Slowdown
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Economic growth from Namibia’s diamond-mining sector willslow this year due to depletion of resources from inland deposits, its nationalbank said. While the industry’s contribution to gross domestic product(GDP) will increase 11% in 2018, that...
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Mining
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Jul 09, 2018
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Rapaport News
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Diamond Trading Drives Botswana Growth
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Botswana’s gross domestic product (GDP) grew 4.3% in 2016, mainly due to an improvement in the nation’s diamond trade, the Bank ofBotswana said last week.An increase in wholesale activity by diamond companies operating in Botswana,such as De Beers’ Global...
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Rough Markets
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Jun 27, 2017
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Rapaport News
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Mining Outlook Weighing on Botswana Growth
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Botswana cannot rely on diamonds for economic growth even ifproduction remains stable because mining is getting more expensive and thepopulation is increasing, economists warned.“It would be a mistake to assume that ‘business as usual’ isa viable approach...
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Mining
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Aug 16, 2016
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Rapaport News
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Financial-Legal
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Sep 11, 2013
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Jeff Miller
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RBI Panel Suggests More Curbs on Gold Imports
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A panel created by the Reserve Bank of India (RBI) to study issues related to gold has recommended measures such as introducing new gold-backed financial products, designing inflation indexed bonds and prohibiting bank finance for purchases...
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Financial-Legal
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Feb 07, 2013
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Dilipp S Nag
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Research
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Dec 03, 2012
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Dilipp S Nag
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Fitch Downgrades India's Retail Sector
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Fitch Ratings downgraded its outlook for the Indian retail sector to “negative” from “stable” for the second half of 2012. The agency reasoned that the recent sustained deterioration in discretionary spending is unlikely to improve...
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Retail
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Aug 08, 2012
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Dilipp S Nag
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India’s Growth Expected to Slow for Fiscal 2013
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India’s economic growth is expected to slow to around 6 percent to 6.3 percent in fiscal 2013, according to an ASSOCHAM survey of economists and industry leaders. Growth is being impacted by the a decrease in industrial growth and its impact on the service...
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Financial-Legal
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Aug 06, 2012
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Dilipp S Nag
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Unity Notes Cautious Consumer Spending Ahead
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Unity Marketing's proprietary Luxury Consumption Index (LCI) shows ambivalence on the part of the affluent U.S. consumer, households with an average income of $274,900. Present trends from the LCI will likely translate into more...
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Retail
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May 11, 2012
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Jeff Miller
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U.S. Feb. Polished Diamond Exports Set a Record High
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U.S. polished diamond imports during the month of February rose 29 percent to $1.625 billion. Polished diamond exports though hit a record high for the month of February at $1.507 billion, a 56 percent year on year increase. February's...
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Polished Markets
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Apr 12, 2011
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Jeff Miller
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