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Figures shared by the Bank of Botswana indicate that annual credit growth, or the increase in the total amount of loans and given out by banks, was measured at four percent in January, rising to 10.3% in June before moderating to 7.3% in August. By...

The two countries, which are the continent’s leading producers of diamonds, recently announced that they are both seeking majority stakes in De Beers, the diamond giant in which Anglo American is selling its 85% stake.However, following a meeting...

The BDC is amongst a handful of local parastatals which subscribe to global credit ratings agencies.In its latest update, Moody’s said the change to a negative outlook primarily reflects the government’s weakening capacity to support the BDC...

The Bank of Botswana’s Banking Supervision Report released recently, shows that of the nine commercial banks operating in the country, only three reduced staff, mainly as a result of increased automation and use of digital channels.The increase in...

KAZA is the world’s largest terrestrial TFCA covering parts of Angola, Botswana, Namibia, Zambia, and Zimbabwe and stretching across 520,000 square miles (approx. 1,346,800 square kilometres) that boasts both the Okavango Delta and the Victoria...

The three winners of the competition are PK Maxi Farms who scooped P350,000 for an innovative and community-impact initiative, while Mr. Solar secured second place and won P200,000. Phemo Aesthetics claimed P150,000 in third place.Visa officials said...

On Wednesday, Absa Bank Botswana managing director, Keabetswe Pheko-Moshagane, reminded a gathering in Gaborone about the stark reality facing many Small to Medium Enterprises, especially those in their nascent stages.According to the prominent...

The last review, done on July 10, resulted in a faster depreciation of the pula, whilst changes to the central bank’s trading margins for foreign currency with banks kicked off economy-wide price hikes.Authorities said the measures were critically...

Speaking at the bank’s inaugural Insights and Impact roundtable, Makhupe said that whilst the Botswana Economic Transformation Programme (BETP) held promise for transformation, there was a need for stop-gap strategies whilst its results were...

In a ceremony on Saturday in Cairo, Egypt, Elombi was formally inaugurated as Afreximbank’s fourth president, taking over from Professor Benedict Oramah. The investiture ceremony was witnessed by over 2,000 guests, including heads of state, former...

In a recent statement, the local bourse said trades in Minergy’s shares had been suspended from October 15 “pending finalisation of certain matters which, in the opinion of the company, warrant temporary suspension of trading in order to avoid...

The High Court recently interdicted the sale of the gold mine, siding with one of the bidders, Ulsan Botswana, which claimed irregularities in the process used to award Nova Africa the rights to purchase.Nova Africa, which was offering $21 million as...

There’s a wonderful thing about words, how two seemingly similar words can mean totally different things. Wordsmiths know this very well how connotations and context flow in between unassuming letters, words and sentences.The difference between a...

According to a presentation made this week at the Botswana Mining Show, the plan, referred to as 'The Thrive Opportunities', involves activities such as solar power generation, biofuel generation, data monetisation, local manufacturing,...

Currently, the bulk of RDC’s P6 billion portfolio consists of retail and office assets. In Botswana, RDC’s most well-known leisure asset is the Chobe Marina Lodge, one of the land market properties along the Chobe riverfront.In an analyst...