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    Josia Shigwedha

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    Josia Shigwedha

Mines and Minerals Act

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Africa

Botswana enforces 24% local ownership rule in mining sector

The Karowe Diamond Mine in Botswana (Source: Lucara Diamond) Botswana has officially enforced a new regulation requiring mining companies to sell a 24% stake in new concessions to local investors if the government decides not to take the share itself, the Ministry of Minerals and Energy confirmed on Friday. The rule, which came into effect on 1 October, is part of amendments to the Mines and Minerals Act aimed at […]

today13 October, 2025