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As competition for deposits remained stiff in the banking sector, BBS Limited saw its interest expense rise more than 47%, eating into returns at a time when the bank slowed down its credit output due to weaknesses in the market. BBS Bank’s...

The BPC is one of a handful of local entities that subscribe to international credit ratings, which determine their cost of borrowings. In a statement, Moody’s researchers said the upgrade to stable was reflective of the fact that the...

The level of assets in July compares to P176.4 billion in June. Bank of Botswana figures indicate that much of the growth in pension fund assets this year has come from offshore equities, whose value rose from P70.9 billion in January to P76.4...

President Duma Boko and Minerals and Energy minister, Bogolo Kenewendo, headlined a high-profile event under the House of Botswana banner in New York last week, as part of continuing efforts to support a rebound in the precious stones.“We are...

The numbers are contained in wealth intelligence firm New World Wealth’s latest Africa Wealth Report, the continent’s most comprehensive assessment of incomes at country, city and individual level. Researchers analyse household income statistics,...

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...