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The country’s public finances have run at annual deficits since the 2016-2017 financial year, a situation worsened by the COVID-19 pandemic which forced the erosion of reserves housed in the Government Investment Account.Delivering her maiden...

Sefalana invested R250 million in the Fast Moving Consumer Goods (FMCG) consortium in July 2017 with an agreement on fixed annual earnings and the option to convert the investment into a 30% equity stake after five years.In a commentary accompanying...

The Bill now awaits President Mokgweetsi Masisi’s assent to pass into law, as required by the Constitution.The new Bill expands the Non-Bank Financial Institutions Regulatory Authority’s (NBFIRA) mandate to include licensing providers of virtual...

BusinessWeek can reveal that state-owned diamond trader, Okavango Diamond Company (ODC) also sold $963 million (P11.1 billion) worth of rough diamonds in 2021, an all-time high for the 10-year-old company. Debswana sells 25% of its production to ODC...

Local asset management firm, African Alliance, believes interest rates could rise by as much as 100 basis points this year, the equivalent of one percentage point, a major jump particularly given that the central bank has been lowering interest rates...

The perennial tussle between cattle producers and the Botswana Meat Commission (BMC) revolves generally around the prices offered by the meat parastatal to farmers and the time the Commission takes to settle payments.However, farmers over the years...

The local regulatory watchdog was quick to stress that no cases had been reported in Botswana and encouraged healthcare professionals to be vigilant in identifying and treating any signs of the autoimmune hepatitis.“Recently, European Medicines...

Okwa Diamonds, owned 10% by Botswana Diamonds (BOD) with the balance held by VAST Resources, announced its plans to take over Ghaghoo last August from Gem Diamonds.The operation, which was the country’s first underground diamond mine, was placed...

Letshego Holdings, the country’s largest microlender employing 148 people across 16 branches in Botswana, has become one of the first companies locally that have requested workers to get vaccinated or stay away from the office.“Letshego has made...

Thanks to the increases in various administered prices last April, inflation, or the rate of increase in the prices of goods and services, has been trending at nine-year highs, effectively slapping many commodities out of the hands of...

Dubbed “the world’s COVID-19 vaccine” the new vaccine technology was developed by researchers at Texas Children’s Hospital and Baylor College of Medicine led by Drs Maria Elena Bottazzi and Peter Hotez.The new vaccine uses traditional...

Crypto mining is the process by which new cryptocurrencies such as Bitcoin are created and introduced into the global network. The mining involves the installation of powerful and large networks of computers that compete with others globally to solve...

The BoB, as government’s banker, conducts monthly auctions of treasury bills as well as bonds to primary dealers who are exclusively banks.At the auctions, the dealers compete to lend to the government by offering the yields they are seeking, with...

The 4.7 million doses include two million from Pfizer, 1.35 million from Johnson & Johnson, as well as 500,000 from Moderna. Other suppliers include AstraZeneca, Sinovac and COVAXIN.The purchases began early last year through bilateral arrangements...

The World Inequality Lab’s database released this week features an interesting tool that allows users to gauge where their income lies in their country’s overall picture. According to the tool, to be in the top one percent of income earners in...