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Bank of Botswana figures released recently indicate that assets held by the country’s pension funds reached P167.2 billion in December, with about P76 billion held domestically and the balance offshore.Under NBFIRA’s amended investment rules,...

Over the years, several attempts have been made to turn Air Botswana around, including plans to bring in a strategic equity partner, privatise the airline, shave off the ground crews and refleet.The plans have met with minimal success and shocks such...

As the 36.92 carat blue diamond made its tour of the Office of the President on Wednesday with security officials scurrying about and cameras flashing, an onlooker had a poignant observation.“Would a synthetic no matter its size, colour or shape,...

The contract represents the largest renewable energy project for the country, eclipsing the 120MW plant currently being developed in Mmadinare and led by Norwegian firm, Scatec ASA.A notice by the Ministry of Minerals and Energy recently indicates...

The Corporation’s recently released interims indicate that priority sectors will include agriculture, health, manufacturing, renewable energy, financial services, real estate, tourism, creative economy, education, media, and technology.Directors...

Figures released by Statistics Botswana indicate that softer imports of diamonds for the year also contributed to the improved numbers. Under the agreement with De Beers, Botswana imports diamonds from the company’s mines around the world, which...

Mmegi: Kindly share on Afreximbank’s strategy or approach to partnering with Botswana?Nwugo: Since its inception in 1993, Afreximbank has grown significantly, with a balance sheet approaching $45billion, primarily dedicated to loans and advances...

In 2007 commercial banks’ collective net incomes first breached the P1 billion mark. Today, the country’s top bank routinely makes P1 billion in pretax profits every six months.Banks have grown from the “comfortable duopoly” of Standard...

The Cairo-headquartered supranational, of which Botswana is a member, offered the three-year country programme in 2022, but talks eventually broke down, reportedly over terms. In 2024, the bank, with assets approaching $45 billion, said it was still...

The amount sought by the central bank is amongst the highest in recent months, as fiscal authorities continue to fight to balance weak and uneven revenues, with recurrent obligations in the public finance ecosystem.The auction of three Treasury Bills...

Speaking at the Tax Pitso last week, the tax veteran said the gap meant that a substantial portion of revenue that should be funding national priorities is not being realised. He added that no system, law, or institution could address the situation...

Figures released by Statistics Botswana recently indicate that the rate of increase of prices of vegetables and meat decelerated in February, while other key items remained robust or rising. The 12 months to February, the average prices of oils and...

The start of the new financial year on April 1 marks a pivotal cycle for government and the broader economy, navigating the cost of delivering public services, the burden of rising debt and the need to reignite growth.The climate is supported by...

The country’s commercial banks are amongst the economy’s most consistently profitable sectors, defying periods of downtrends and weaknesses over the years. Bank of Botswana figures indicate that whilst the banks largely skated through the three...

The Botswana Energy Regulatory Authority (BERA) maintains a slate, which is a formula calculating the costs involved in supplying and distributing various forms of fuel within the country. Every month, BERA looks at the movements of the various...