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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...

Forget, for a moment, the argument that natural diamonds are dead. Botswana exported P28.5 billion worth of the stones in the first seven months of this year, compared to about P25 billion over the same period last year.Now, that’s due to a number...

Debt sustainability is a particularly prickly issue for many countries in Africa, which have complained of unfair treatment by credit ratings agencies, which price their debt at rates far higher than the rest of the world. Many African states are...

He was speaking this morning at the launch of Bofinet’s Delta Digital Data Centre in Gaborone.“I want the Act to compel businesses operating in Botswana to store their data in Botswana. This is the data sovereignty of the people. “There is...

Both BBS Bank and SCBB have dismissed the reports, describing them as “market speculation” and “rumours”. However, BusinessWeek is informed that BBS Bank has approached the Botswana Public Officers Pension Fund (BPOPF) for funding to support...

The negative global perceptions of Africa are not harmless or something to brush off or live with. They have a real cost to the continent; about $75 billion annually in disproportionately high interest rates on loans Africa seeks from the world....

“We have become democracies, particularly in the Global South, we have shared the message that we need to have rule of law, we need to embrace values, we need to have good governance. “But in recent times, we have seen how those who are trying to...

The B20 serves as the official G20 dialogue forum with the global business community, bringing together business leaders from G20 member countries and beyond. Each year, the B20 provides a platform for companies and business organisations to...

The central bank’s preliminary figures show that the budget was in deficit in three out of the four quarters of the financial year, sinking to a negative P6.2 billion in the second quarter and rising a surplus of P1.9 billion in the last three...

Cas Coovadia, CEO of Business Unity South Africa and B20 Sherpa, was speaking at the launch of the South African Business Initiative for Impact, a side-event of the B20 which started here today. The B20 serves as the official G20 dialogue forum with...