Gem Diamonds paid $18.3M taxes and royalties to Botswana and Lesotho in 2017
Wednesday, 20 June 2018 18:01
Gem Diamonds, operating in Botswana and Lesotho, reported it has paid over $18.3 million in taxes and royalties to both countries during the 2017 financial year which ended last December 31.
In a document published yesterday June 19, the company specified that Lesotho received a total of $18.1 million broken into $229,000 in taxes and $17.8 million in royalties. Meanwhile, Botswana were paid $230,000 in royalties only.
In Lesotho, Gem Diamonds operates Letšeng project, the highest dollar-per-carat diamond mine in the world; while in Botswana, it fully owns Ghaghoo mine that was placed on care and maintenance in February 2017.
Louis-Nino Kansoun
Live News
-
Late-July Dry Spell Pushes Cocoa Prices Higher—But Official Crop Forecasts Still Pending
05:54
-
In Togo, Terreau Fertile Aims to Provide Free Healthcare to 1,000 Patients
16:52
-
Togo Joins Pan-African Financial Services Satisfaction Survey
16:49
-
Cameroonian Financier’s Firm to Become Ecobank’s Top Shareholder for $100 Million
14:41
-
Egyptian Sweet Potatoes Hit Record High on European Market in 2024
13:59
-
Lotus Restarts Kayelekera Uranium Mine in Malawi Following 11 Years of Closure
13:50
-
Clive Govender Digitizes Supply Chains to Empower South African Businesses
07:13
-
Togo Secures €22.5 Million from Luxembourg to Accelerate Eco-Transition and Biodiversity Protection
13:59
-
After Burkina Faso and Mali, Niger Extends Salkadamna Coal Project Invitation to Togo
13:28
-
Nunya Tomey Connects Beauty Professionals With Clients Across Ghana
08:48
Nearly 400,000 mango seedlings distributed to farmers nationwide from June to August 2025. Pr...
Starlink lost 2,000 Kenyan users in Q1 2025, dropping to 17,066, as local ISPs grew 8%. High...
Abdul Samad Rabiu is now the richest investor on NGX, with ₦15.23 Trillion in BUA Foods and Cement...
MTN and SANTACO signed a reseller deal on 13 Aug 2025. Gauteng taxis gain MTN data, ICT, fintech ...
Growth is projected at 27% annually, with agriculture, finance, and health sectors leading adoption—...
Late-July drought in Côte d’Ivoire and Ghana lifts cocoa futures despite weak global grindings data No official 2025/26 crop forecasts yet; private...
• Cameroon financier Alain Nkontchou to buy Nedbank 21.22 percent stake in Ecobank for 100 million US dollars pending regulators.• Upon closure Nkontchou...
• Egyptian sweet potato exports to the EU surged to 149,551 tonnes in 2024, surpassing the US and breaking records.• Since 2020, Egypt quadrupled sweet...
• Nigeria granted Air Tanzania a permit to launch the first nonstop Dar es Salaam–Lagos flight, enhancing East-West African connectivity. • Air Tanzania...
Galerie36 in Dakar showcases modern African art, fostering cultural exchange. Ayofemi Kirby’s intimate gallery redefines art spaces with a community...
EU rolls out biometric Entry/Exit System in Oct 2025, replacing passport stamps. Visa-free African states face new checks, longer queues, and strict...