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    Karateka targets international titles

    Botswana gears up for high-stakes Gabs Open karate showdown

    Orange Botswana Awards P390,000 to Historic 4x400m Relay Champions, Coaches & BAA

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Debswana faces unpredictable global market 

As the global economy makes a rebound following a difficult period of the COVID-19 pandemic, Debswana, also experienced an exceptional production year with a favourable revenue outturn. However, the business has run into fresh challenges posed by the global hyperinflation environment. Staff Writer KABELO ADAMSON reports

mm by Kabelo Adamson
September 8, 2022
in News
Reading Time: 1 min read
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Debswana faces unpredictable global market 

GABORONE 7 September 2022, Debswana managing director Andrew Maatla Motsomi during the Debswana business seminar in Gaborone on 7 September 2022. BIUST Vice Chancellor Prof. Otlogetswe Totolo delivers the keynote speech during the seminar. (Pic: Monirul Bhuiyan/PRESS PHOTO)

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The Managing Director of Debswana Diamond Company, Andrew Motsomi, says while the past year was an exceptional one for the diamond miner and producer, new challenges have emerged.

He was speaking at the company’s business seminar in Gaborone this week following his appointment in May this year as substantive Debswana MD, a position that he will hold for the next five years.

“Our business is such that our mines are very intense in terms of consumption of fuel,” said Motsomi as he began his presentation. “Trucks that haul the ore consume a lot of fuel. The tires for these trucks are now costing more than they did last year.” Motsomi noted that Debswana operates within an unpredictable global diamond market which is primarily impacted by global conflicts and market volatility. “Therefore, it is necessary to protect as well as preserve our communities and the environment,” he said.

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Tags: Andrew MotsomiDebswana Diamond Company

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