– Business, Finance, Markets & Economic News
  • Home
  • Economy
  • Business
  • Markets
  • Finance
  • Credit Ratings
  • Policy
  • Tech
– Business, Finance, Markets & Economic News
  • Home
  • Economy
  • Business
  • Markets
  • Finance
  • Credit Ratings
  • Policy
  • Tech
Top News
Fitch Revises Nigeria’s Credit Outlook to Positive as Foreign Reserves Strengthen
Ethiopia Launches Precious Metals Refinery With Capacity to Process 600 Tonnes Annually
IMF Reaches $1.5 Billion Staff-Level Agreement With Zambia on New Three-Year Programme
Kenya Approves $350 Million Financing for Kenya Airways as Restructuring Advances
Ecobank to Join China’s CIPS Payment System as Africa-China Trade Expands
Fitch Affirms Egypt’s Credit Rating as Public Debt and Financing Pressures Ease
Zimbabwe Maintains January 2027 Lithium Concentrate Export Ban
Airtel Money Raises $703 Million in London IPO as Shares Edge Above Offer Price
Moody’s Raises Sub-Saharan Africa’s Outlook to Positive as Debt Pressures Ease
Kenya’s Budget Deficit Set to Widen to 5.9% of GDP in 2027/28
DR Congo Central Bank Holds Benchmark Interest Rate at 12.5%
Zambia Separates US Critical Minerals Talks From $1.5 Billion Health Funding Agreement
World Bank Sees Nigeria Growth Averaging 4.4% Through 2028 as Reforms Support Recovery
Ghana’s COCOBOD Raises $288 Million in Domestic Debt to Finance Cocoa Purchases
Zimbabwe’s Lithium Export Earnings Surge to $2.16 Billion as Prices Rally
SUBSCRIBE
– Business, Finance, Markets & Economic News
Subscribe
– Business, Finance, Markets & Economic News
  • Home
  • Economy
  • Business
  • Markets
  • Finance
  • Credit Ratings
  • Policy
  • Tech
Copyright 2026 - All Right Reserved
Home » Mining » Botswana Grants Orano Three Uranium Licences as Country Seeks to Diversify Beyond Diamonds
Mining

Botswana Grants Orano Three Uranium Licences as Country Seeks to Diversify Beyond Diamonds

by Emmanuel Ebube August 24, 2026
written by Emmanuel Ebube August 24, 2026
Orano
The logo of Orano is pictured at the World Nuclear Exhibition (WNE), the trade fair event for the global nuclear community in Villepinte near Paris, France, December 1, 2021. REUTERS/Benoit Tessier/File Photo
FacebookTwitterLinkedinEmail
62

LAGOS, Aug 24 – Botswana has granted three new uranium prospecting licences to Orano Mining, expanding the French state-owned company’s exploration presence as the southern African country seeks to develop mineral resources beyond its traditional dependence on diamonds.

According to a Reuters report, the new licences cover three blocks in Botswana’s central Kalahari Desert, each measuring about 970 hectares, according to records on the country’s mining licensing portal. The licences cover uranium and pitchblende prospecting and are valid for three years, expiring in March 2029.

The latest awards add to 15 uranium prospecting licences granted in October 2025 to Orano’s subsidiary, Compagnie Française de Mines et Métaux. The expansion gives the French group a significant exploration footprint in an area where Botswana is seeking to develop its uranium potential.

Uranium is primarily used as fuel for nuclear power generation. Botswana has identified significant uranium resources but currently has no operating uranium mines. Its neighbour Namibia, by comparison, is one of the world’s leading uranium producers.

You Might Be Interested In
  • Zimbabwe’s Lithium Exports Surge to $782 Million as Government Pushes Local Processing

The renewed focus on uranium comes as Botswana faces pressure to diversify an economy heavily dependent on diamonds. The global diamond market has experienced a prolonged downturn, partly due to increasing competition from laboratory-grown diamonds, weighing on the country’s traditional source of export earnings.

The government is therefore seeking to develop other mineral resources, including uranium and copper, as it looks for new sources of investment, exports and economic growth.

Orano’s growing presence in Botswana also follows the French company’s difficult experience in Niger. Following a military coup in 2023, Niger’s authorities accused Orano and France of exploitation and unfair practices. The dispute culminated in the nationalisation of Orano’s 63.4%-owned SOMAIR uranium operation and the company’s operational departure from the country in 2025.

Botswana’s relationship with Orano has developed alongside high-level diplomatic engagement. Records from the Companies and Intellectual Property Authority show that Orano established a local subsidiary on April 10, 2026, shortly after President Duma Boko met French President Emmanuel Macron and Orano officials in France on April 8.

Boko has also indicated that the government wants to accelerate the development of the uranium sector and potentially use future production to support domestic nuclear power ambitions. In May, he said, “We are looking to speed up the process so that they can get to extraction. We can then get to developing nuclear reactors, generate power.”

For Botswana, the development of uranium exploration could provide an opportunity to broaden the mining sector and reduce the economy’s exposure to fluctuations in diamond demand. However, the new licences remain at the exploration stage, meaning any potential commercial production would depend on the scale and viability of deposits identified through further work.

The expansion of Orano’s exploration activities therefore represents an early step in Botswana’s broader effort to establish uranium as a potential new pillar of its mineral economy while attracting investment into resources beyond diamonds.

Read Next

  • Dangote Refinery Becomes Europe’s Largest Imported Jet Fuel Supplier for Second Straight Month

    August 7, 2026
  • Zimbabwe’s Lithium Exports Surge to $782 Million as Government Pushes Local Processing

    August 3, 2026
  • Anglo American Selects Preferred Buyer for De Beers Stake

    July 20, 2026
  • South Africa Business Confidence Rises to 125.4 in July Amid Inflation Pressures

    August 18, 2026
  • Kenya Approves GDR Route for Investors to Participate in Dangote Refinery IPO

    October 5, 2026

Newsletter

Subscribe to our newsletter for trusted insights on Africa’s economies, markets, and business.

African Economy Inc. Logo

About Us

We are a business and economic intelligence platform delivering in-depth reporting, analysis, and insights on markets, companies and economic developments across Africa.

Our Company

  • AEI Intelligence
  • About
  • Editorial Standard
  • Partnerships
  • Advertise With Us
  • Careers
  • Ownership

News

  • Economy
  • Business
  • Markets
  • Finance
  • Credit Ratings
  • Policy
  • Tech

Useful Links

  • Privacy Policy
  • Terms of Use
  • Closed Captioning Policy
  • Accessibility Statement
  • Personal Information
  • Data Tracking
  • Register New Account

Subscribe Newsletter

Subscribe to our newsletter for trusted insights on Africa’s economies, markets, and business.

©2026 Majons Media Inc. All Rights Reserved.

Facebook Twitter Instagram Linkedin
Manage Consent
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
  • Manage options
  • Manage services
  • Manage {vendor_count} vendors
  • Read more about these purposes
View preferences
  • {title}
  • {title}
  • {title}
– Business, Finance, Markets & Economic News
  • Economy
  • Business
  • Markets
  • Banking & Finance
  • Energy
  • Tech
  • Policy
  • African Economy Inc.