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Acting governor of the Bank of Botswana (BoB), Kealeboga Masalila, explains that while foreign currency exchange seems like a matter for major firms and entities, many of us interact with it in one way or the other, especially in this modern,...

Mmegi: Kindly give us a brief description of Hollard Life, its history in Botswana, and its position in the marketTau: Hollard Life Botswana (HLB), established in 2011, and licensed by Non-Bank Financial Institutions Regulatory Authority (NBFIRA) in...

According to the 2025-2026 Budget Strategy Paper issued by the Finance Ministry, the e-billing pilot has been ongoing for three years and is scheduled to end by March. The ministry described the e-billing initiative as a key priority in the effort to...

According to the last official figures, the country’s foreign reserves managed by the BoB declined to P56.1 billion in October 2024 from P64.9 billion in October 2023, due mainly to the decline in rough diamond sales.The prolonged decline in...

The uptick in copper and nickel exports is on the back of rising local production and escalating prices of the metals, which are both eagerly sought after in the global energy transition.According to the latest figures from the Bank of Botswana,...

Ahead of his return to the White House, Donald Trump has wasted no time clearly spelling out the economic, diplomatic and political route he wants to take in his second spell as US president.In fact, the pace of his political appointments and...

Bond ceiling increasedParliament approved the Finance ministry’s request to raise government’s domestic borrowing limit to P55 billion in March. This was after the previous limit or ‘ceiling’ of P30 billion was reached in February.Under the...

Last year, the DCI rose 15.5%, the strongest performance since 2013, powered by heavyweight counters in tourism, banking and finance.This year, the movers were a mixed bag, although banks and financial institutions such as Standard Chartered Bank...

Vice President and Finance minister, Ndaba Gaolathe, told the Youth Budget pitso last Thursday that the measures were necessary to safeguard the economy against future shocks and mitigate the risks of unsustainable public debt levels. “Central to...

In the diamond world, traditionally, each player in the pipeline focuses on their core strengths. Producers such as Botswana focus on how they can extract diamonds most efficiently, whilst also taking care to bring these natural rarities from deep in...

Figures released by the Bank of Botswana recently indicate that between January and October, Debswana sold P22.7 billion in rough diamonds, compared to P45.2 billion over the corresponding period in 2023.Debswana is the country’s primary producer...

The Delta is the country’s most prized tourism destination, with nights fetching in the thousands of US dollars, and the clients who fly in from across the world have to book well in advance to experience the World Heritage Site.Singita, a...

Mmegi: You recently participated in the National Renewable Energy Dialogue at which Vice President Ndaba Gaolathe made his inaugural remarks. Why was it important for the Bank to participate in this dialogue?Pheko-Moshagane: The bank's...

In its heydays, De Beers, which is responsible for discovering 40% of all the planet’s known diamond-bearing rocks in history, was exploring in 20 countries, spending $100 million annually. However, in recent years, it trimmed its search down to...

The country’s oldest commercial bank has this year continued the robust performance seen in 2023 when its share price jumped 85%, second only to leisure tourism group Chobe Holdings, whose share price jumped nearly 88%. This year,Stanchart’s...