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Experts at the Botswana Unified Revenue Service (BURS) believe that if every taxpayer in the country paid their dues, there would either have been no need for the shock tax increases last year or at least the levels of the increments would have been...

The Kimberley Process, a United Nations’ backed supranational group that has fought conflict diamonds for nearly two decades, is stuck in a consensus paralysis that has led observers to question its relevance in keeping the global diamond industry...

Debswana’s Citizen Economic Empowerment Programme (CEEP) aims to spend P20 billion on citizen enterprises by 2024, with a cumulative P7.8 billion having already been procured between 2019 when the programme began, and 2021.The initiative represents...

“One of our greatest contributors is the mining sector and when it shines, we collect more,” BURS Customs Services commissioner, Segolo Lekau told BusinessWeek at a briefing on Tuesday.“When the industry does well, we tend to do well. “Other...

How high will inflation rise?The answer depends on who you ask. At Kgori Capital, analysts expect that inflation will average 11.3% this year, a figure which if realised would be the highest average since 2008.Researchers at First National Bank...

Russia, the world’s largest producer of rough diamonds, is a member of the Kimberley Process, together with Ukraine and more than 80 others who comprise producing nations, major markets, industry bodies and civic society monitoring groups.The...

Voting results issued to the Botswana Stock Exchange this evening indicate that the BPOPF’s nominees, unionist Ketlhalefile Motshegwa, chartered accountant Chris Mokgware and prominent public finance professional, Emmanuel Botlhale, all sailed...

Minister of Defence, Justice and Security, Kagiso Mmusi introduced the Criminal Procedure and Evidence (Controlled Investigations) Bill, 2022, to a special sitting of Parliament on a certificate of urgency in late January, explaining that...

By Press time on Thursday, voting in the AGM was ongoing where the Botswana Public Officers Pension Fund is seeking three seats on the board, while asset management firm, Allan Gray had four nominees it wanted voted in.Letshego is a homegrown...

Food imports in the first quarter of this year ranged from a low of P845.7 million in January to a peak of P1.2 billion in March, compared to a low of P720.8 million in February and a peak of P881.2 million in the first quarter of last year.The data...

The tax agency calculated that it was owed a total of P6.8 billion comprising P2.5 billion in principal tax as well as P4.3 billion in interest and penalties.Under the amnesty, which kicked off on June 30 last year, taxpayers with outstanding...

Inflation was measured at 9.6 percent in April, having come down from 10% in March and 10.6% in both February and January.Data released by Statistics Botswana this morning (Wednesday) indicates that the biggest contributor to the latest inflation...

The reserves, managed by the Bank of Botswana (BoB), dropped to a record low of P3.3 billion in December 2020 due to withdrawals by treasury to finance the pandemic response. The reserves were measured at P18.3 billion in April 2020 when the virus...

A Central Bank Digital Currency (CBDC) is a digital form of central bank money that is widely available to the general public. Instead of only printing money, a central bank like the BoB would issue electronic coins or accounts backed by the full...

The country’s single largest investment fund, the Botswana Public Officers Pension Fund (BPOPF), holds 30.9% equity in Letshego and wants three new nominees on the microlender’s board. Meanwhile, the country’s largest and most diversified...