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Mmegi: May you provide a brief overview of Collective Investment Undertakings (CIUs) Act and its purpose?White: The CIU Act dates back to an old piece of legislation that was promulgated in the early 1990s and subsequently repealed in 2012. However,...

Since hitting a 14-year high last August, inflation has declined over the months, dropping back to single digits in January, the first time it had done so since April 2022.Many consumers, however, have argued that the drop in the inflation figures...

The views are contained in the latest edition of the Bank of Botswana’s (BoB) Business Expectations Survey (BES) released on Tuesday.The BES is conducted quarterly amongst a sample of firms representing most economic sectors and comprises...

De Beers’ executives recently held a diamond masterclass attended by high level officials from the country’s commercial banks, in an effort to sensitise them about the industry and the role played by financiers in better positioning Botswana...

As the world gathered in Gaborone for the Forbes Under 30 Summit this week, much of the formal and informal conversations were around how to boost the country’s entrepreneurial prowess, one of the elusive ingredients needed for broad, citizen-based...

In June 2016, Lucara Diamond Corp’s 1,109-carat Lesedi la Rona, the largest diamond recovered in a century and the pride of the country, failed to sell at widely livestreamed auction.The story around the stone began when the giant stone was pulled...

Local start-ups have perennially cited funding as one of their major challenges, a barrier that suppresses the innovation of Batswana entrepreneurs, as well as citizens’ ability to design solutions for local challenges.Launch Africa fund manager,...

Mobile money services in Botswana include Smega by BTC, Orange Money by Orange Botswana, MyZaka by Mascom, and Poso Money by BotswanaPost. Figures shared by Statistics Botswana this week indicate that by December, the country had 1.8 million mobile...

The central bank has a medium term objective range for inflation of three to six percent, which it considers conducive for economic growth and stability in the country. However, inflation was last within the objective range in April 2021, as the...

Information uncovered by BusinessWeek indicates that Hennig has been receiving registrations for the tender of the rough diamonds scheduled for April 27 to 30 in Dubai. A similar tender process will be held in Antwerp between May 4 and 10.“Original...

Retail investors, the term used for individuals as opposed to institutions or corporates, have traditionally under-participated in the local investment market, due to factors such as cost, financial literacy, and other accessibility issues.Bifm,...

“I was in Paris, looking at Louis Vuitton’s holding company with its leader.“That company exceeds De Beers by 100 and it exceeds Anglo America five times, in terms of size. It’s huge. “I was looking at the Sewelo diamond which I think is...

Despite containing some of the world’s most climate vulnerable countries including many with the least electricity generation, Sub-Saharan Africa currently has about $1.4 billion in sustainable or green bonds, or less than one percent of the global...

The forecast is contained in the latest edition of the IMF’s World Economic Outlook (WEO), which contains updates of the institution’s projections from the October edition.The IMF’s latest forecast for Botswana in the 2023–2024 fiscal year is...

LCW closed in 2017 as its plant wore out and became less efficient in the production of the bricks that have made it a household name in the country. BDC, the state investment and diversification agency, wholly owns LCW and has thus far invested P79...