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The IFC will channel the support via a loan to Peo Finance, a micro-finance company which is a wholly-owned subsidiary of Capricorn Investment Holdings Botswana. Capricorn Investment is in turn, majority owned by Namibia’s Capricorn Group, which...

The latest revelations are contained in the BoB’s Business Expectations Survey (BES) released this week which samples the opinions of a cross-section of firms about the business environment from the second quarter of the year and beyond.In raising...

According to the central bank’s 2021 Annual Report released last week, by the end of last year, the BoB held P9.1 million in bonds and P147.6 million in equities in Russia.However, following sanctions against Moscow by the United States, the...

In a statement earlier today, Authentix said the new contract covers the marking and digital tracking of an estimated 500 million product units per year.The track and trace system involves placing a biometric imprint on all alcohol and tobacco...

What do Reese Witherspoon and Taylor Swift have to do with the debate around conservation and trophy hunting in Southern Africa?From the early 1970s to the 1990s, Mark and Delia Owens, an American couple, travelled to and lived alone in the...

In its economic briefing on Wednesday, Mmegi was able to put several questions to Bank of Botswana (BoB)’s senior management on the impact of the sweeping amendments to the Bank of Botswana Act made by Parliament earlier in the week.The amendments...

The new amendments passed without a single objection by bipartisan legislators, also include tighter restrictions on the conditions under which government can borrow from the BoB.The changes also include improved corporate governance at the central...

At the recent funders’ conference called by government to test the private sector’s appetite to invest in public infrastructure, Finance Minister Peggy Serame painted a bleak picture of the country’s fiscal future.According to Serame, between...

The rate of inflation in June compares to 11.9% in May, which was similarly a 13-year high.“Applying a significant upward pressure on the annual inflation rate in June 2022 were the increasing prices for the major components in the Consumer Price...

By comparison, the corporation raked in pretax profits of P365.2 million in the 2021–2022 financial year, helped by improved generation at Morupule B and, thus, a reduced need to run the diesel plants at Orapa and Matshelagabedi which can...

Mmegi: Has Russia had any engagement with the Government of Botswana since the operation in Ukraine began, and what has been the response of Government?Kemarskiy: Russia has enjoyed excellent relations with Botswana since the establishment of...

With tensions rising in the tourist town, Alrosa head of International Relations, Petr Karakchiev, apparently delivered a hard-hitting speech riddled with words such as “idiots”, “nonsense” and sarcastic jabs at “profound experts” and...

Real Gross Domestic Product (GDP) increased by seven percent year-on-year in the first quarter of the year, compared to one percent over the same period last year, according to data released recently by Statistics Botswana.The growth came after a...

Bank of Botswana indicates that the pula began the week at USD/P12.67, before dropping further to USD/P12.77 on Tuesday and then recovering marginally to USD/P12.72 by Wednesday press time. The pula began the year at P11.79 against the dollar, having...

The Financial Stability Council (FSC), made up of the Bank of Botswana, Non-Bank Financial Institutions Regulatory Authority, Financial Intelligence Agency and the Finance Ministry, revealed the findings in its latest report covering the year to...