Author

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...

The solemnity of 8115 Vilakazi Street must have something to do with its walls. Bullet ridden from frequent casual shots taken as part of intimidation campaigns by apartheid patrols, and also burnt by the same police, the red-bricked house is a...

The Botswana Telecommunications Corporation (BTC) has unveiled bold plans to gain a greater foothold in the market. The country’s smallest mobile telecomms player by market share, is coming for everything from data services, to network coverage,...

BTC, with more than 40,000 individual investors, is the Botswana Stock Exchange’s most retail-heavy counter, a state of affairs that dates back to its historic Initial Public Offer (IPO) in 2016. However, the concentration of retail investors and...

Under government’s P55 billion domestic note issuance programme, the BoB floats bonds and Treasury Bills (TB) each month to raise debt for government in the capital market. At the auctions, primary dealers, who are exclusively banks, compete to...

In a statement this afternoon, the firm said the power plant will generate predictable revenues from a 25-year Power Purchase Agreement (PPA) with the Botswana Power Corporation. Scatec owns 100% of the project, but expects to reduce its long-term...

Last Monday, the state investment agency unveiled support for full studio production, project management, digital distribution preparation, and promotional rollout.Speaking at the event, BDC managing director, Oteng Keabetswe, said the...

According to the central bank figures, household arrears to commercial banks were measured at P3.89 billion in September, from P3.8 billion in August, indicating stability in the key banking indicator.Despite the tighter economic conditions, which...

By law, banks, bureaux de change, car dealers, microlenders, attorneys, and others must file suspicious transaction reports with the FIA.The agency defines a suspicious transaction as one inconsistent with a customer’s known legitimate business,...

President Duma Boko and Vice President Ndaba Gaolathe, have tended to employ or invoke Biblical verses and imagery in describing the challenges facing the country’s economy, and in their rally calls for recovery.In keeping with that approach, here...

According to figures published by the Bank of Botswana (BoB), which is government’s agent in the capital market, the highest bid received for the various bonds offered in the monthly auctions has been ticking up over the months.Whilst the central...

It has become generally known that at least three entities are bidding for Anglo American’s 85% stake in De Beers. These include former De Beers’ executive-led consortiums, as well as sovereigns, being Botswana and Angola. Namibia, which was...

Following the July changes to the exchange rate framework made by the Bank of Botswana (BoB), commercial banks have had greater room in the margins they charge both buyers and sellers of foreign currency (forex).In July, the BoB increased its margins...

According to a notice on the central bank’s website, the auction will feature the three and six month treasury bills seeking a total of P3 billion, as well as the 2031, 2035 and 2043 bonds raising the balance of the P3.6 billion sought. The...

Statistics Botswana figures show that an index tracking the average prices of meat rose to eight percent in October, from 7.3% in September. Meat carries the second heaviest weighting in the basket of items measured by Statistics Botswana to produce...