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Popularly referred to as Stanchart, the London-based global group, first set up in Botswana in 1897 as the country’s first commercial bank.In a statement earlier today, bank executives said the decision to explore a sale of the full franchise...

Brief financials posted to the Botswana Stock Exchange this week show that the losses largely stemmed from higher net depreciation, which rose to P220.5 million from P121.6 million. No reasons were provided for the higher provisions for depreciation,...

The pula’s movements against both currencies has become a major debate point, after changes to the exchange rate framework last July triggered economy-wide price hikes. The changes made by the Ministry of Finance were designed to protect the...

A statement from the Ministry says Gaolathe and AfDB group president, Dr. Sidi Ould Tah, will discuss extending the Bank’s technical support and capacity-building assistance to accelerate the BETP. They will also explore “innovative financing...

By law, authorities revise the Pula exchange rate framework twice a year, in June/July and December, basing their decision on factors such as the levels of the foreign exchange reserves, inflation in trading partner countries and others.July changes...

A statement earlier today from the housing parastatal's board says Sefawe’s final day will be December 31.“During her tenure as acting Chief Executive Officer, Ms. Sefawe provided steady leadership and strategic direction during a critical...

MMG, a Chinese state-majority firm, snapped up Khoemacau in a $1.7 billion deal in 2024, as part of the global quest for critical minerals which are essential for clean energy technologies, defence and consumer electronics.In a statement earlier...

By comparison, the third quarter of last year registered a four percent contraction in Gross Domestic Product (GDP), which is a measure of economic activity.While the figures are positive and break the rolling contractions in the economy, they also...

Gaolathe’s debut budgetVice President and Finance Minister, Ndaba Gaolathe, delivered his inaugural budget on February 10, featuring lower spending than that approved for the prior financial year. However with the prolonged diamond slump still...

I had a moment of realisation the other day. In fact, it was my son who pointed it out. I was scrolling through social media on one phone and reading an article on my other phone. The television was on in the background and I was actually following...

In a statement revealing the list, New African magazine said Chombo represents a promising new crop of youthful leaders in Africa.“The former Miss World Africa 2024 was appointed as Botswana’s Minister of Youth and Gender in November last year,...

According to documents filed by the Corporation with the regulator, the BPC is seeking a 68% tariff increase for domestic consumers, 41% for government and 40% each for commercial users and mining operations. The different requests have a weighted...

Fear and panic are what have triggered nearly all the economic crises seen all over the world in the past centuries. This is precisely why leaders, particularly those in charge of public finances, make great efforts to manage the narrative and optics...

In statement to the Bombay Stock Exchange this afternoon, KP Group revealed that the MoU had been sealed with a target of up to five gigawatts of renewable energy.“As part of the understanding, KP Group will lead technical and commercial...

In an in-depth report on the country’s economy and trajectory released last week, the IMF advised Botswana against seeking a greater stake in De Beers, citing the country’s constrained fiscal situation and its already high dependence on the...