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In a statement, directors said the facility, known as the Global Energy And Fertilizer Crisis Response Framework also includes an additional $960 million in concessional funding from the African Development Bank. Directors noted that the ongoing...

The recent establishment of a secretariat and offices for the Diamonds for Development Fund has sparked excitement of an additional supporting mechanism for the country’s economic diversification and transformation hopes.Powered by an initial...

As at June 30, the country’s pension funds held more than P176 billion in assets, with about 44.6% of these held locally.A long-running challenge for holders of sizeable assets in the country has been finding investable opportunities in the local...

In 2025, however, commercial banks’ collective profits broke a four-year streak of growth, declining by about nine percent to P3.79 billion, as they were impacted by broader economic pressures that raised their funding costs as well as bad debt...

On Tuesday, executives unveiled the Atlega strategy, covering the period 2026 to 2029, vowing to take bolder actions to achieve the corporation’s mandate.The BPC last enjoyed a profit in the 2018–2019 financial year and has become increasingly...

The latest inflation levels represent a softening in the rate of price increases, following the jump to double figures a few months ago due to fuel prices and the war in Iran. Statistics Botswana figures indicate that indices tracking most goods and...

While holders of capital continue weighing the Botswana Economic Transformation Programme (BETP), the first review of the six-month-old initiative indicates that early wins are being scored, just six months into the initiative. Many of these are in...

The assessment by Moody’s, whose researchers visited the country two weeks ago, is expected soon.In its assessment released shortly before midnight on Friday, S&P affirmed the country’s long term foreign and local currency credit rating at BBB-,...

The two ratings agencies conduct assessments on the country’s sovereign debt in March and September each year. The assessments earlier this year resulted in S&P’s lowering the country’s sovereign credit ratings, whilst Moody's downgraded...

The two ratings agencies conduct assessments on the country’s sovereign debt in March and September each year. The assessments earlier this year resulted in S&P’s lowering the country’s sovereign credit ratings, whilst Moody's downgraded...

Some of those who were in the US at the time, or shortly thereafter, shared their stories with Mmegi.Bongi D D M Radipati – Mmegi essayist“The weather on the morning of 9/11/2001 was a complete contrast with the tragedy happening in downtown...

Bank of Botswana figures released recently indicate that from the record high in January, the arrears owed to commercial banks slowly declined, helped in part by lower credit output by the banks.Outstanding loans by commercial banks were measured at...

Continental Reinsurance group managing director, Lawrence Nazare, says Botswana stood head and shoulders above its peers when the reinsurance giant looked around the continent for its Initial Public Offer (IPO).With a presence in more than 50 African...

Forecasters from SADC meteorological offices trudged out of their meeting in Swakopmund last week with heavy feet, hunched shoulders and the feeling of an unfair, unprovoked déjà vu.With the regional experts’ findings confirming their global...

MCM closed Motheo in March 2024, as weak coal prices weighed down on operational costs at the Palapye-based facility. At the time, officials cited “significant challenges due to ongoing volatility in both international and regional coal...