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By law, authorities revise the Pula exchange rate framework twice a year, in June/July and December, basing their decision on factors such as the levels of the foreign exchange reserves, inflation in trading partner countries and others.July changes...

A statement earlier today from the housing parastatal's board says Sefawe’s final day will be December 31.“During her tenure as acting Chief Executive Officer, Ms. Sefawe provided steady leadership and strategic direction during a critical...

MMG, a Chinese state-majority firm, snapped up Khoemacau in a $1.7 billion deal in 2024, as part of the global quest for critical minerals which are essential for clean energy technologies, defence and consumer electronics.In a statement earlier...

By comparison, the third quarter of last year registered a four percent contraction in Gross Domestic Product (GDP), which is a measure of economic activity.While the figures are positive and break the rolling contractions in the economy, they also...

Gaolathe’s debut budgetVice President and Finance Minister, Ndaba Gaolathe, delivered his inaugural budget on February 10, featuring lower spending than that approved for the prior financial year. However with the prolonged diamond slump still...

I had a moment of realisation the other day. In fact, it was my son who pointed it out. I was scrolling through social media on one phone and reading an article on my other phone. The television was on in the background and I was actually following...

In a statement revealing the list, New African magazine said Chombo represents a promising new crop of youthful leaders in Africa.“The former Miss World Africa 2024 was appointed as Botswana’s Minister of Youth and Gender in November last year,...

According to documents filed by the Corporation with the regulator, the BPC is seeking a 68% tariff increase for domestic consumers, 41% for government and 40% each for commercial users and mining operations. The different requests have a weighted...

Fear and panic are what have triggered nearly all the economic crises seen all over the world in the past centuries. This is precisely why leaders, particularly those in charge of public finances, make great efforts to manage the narrative and optics...

In statement to the Bombay Stock Exchange this afternoon, KP Group revealed that the MoU had been sealed with a target of up to five gigawatts of renewable energy.“As part of the understanding, KP Group will lead technical and commercial...

In an in-depth report on the country’s economy and trajectory released last week, the IMF advised Botswana against seeking a greater stake in De Beers, citing the country’s constrained fiscal situation and its already high dependence on the...

The solemnity of 8115 Vilakazi Street must have something to do with its walls. Bullet ridden from frequent casual shots taken as part of intimidation campaigns by apartheid patrols, and also burnt by the same police, the red-bricked house is a...

The Botswana Telecommunications Corporation (BTC) has unveiled bold plans to gain a greater foothold in the market. The country’s smallest mobile telecomms player by market share, is coming for everything from data services, to network coverage,...

BTC, with more than 40,000 individual investors, is the Botswana Stock Exchange’s most retail-heavy counter, a state of affairs that dates back to its historic Initial Public Offer (IPO) in 2016. However, the concentration of retail investors and...

Under government’s P55 billion domestic note issuance programme, the BoB floats bonds and Treasury Bills (TB) each month to raise debt for government in the capital market. At the auctions, primary dealers, who are exclusively banks, compete to...