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Botswana Insurance Holdings Limited, the country’s largest diversified financial services group, has been a loyal shareholder in Letshego, riding through recent periods of reduced profit contributions and growth.For the year ended December 2022,...

In its half year results for the six months ended 31 December 2022, the Botswana Stock Exchange-listed retailer said profits dropped by 34% to P83 million from P114 million that was recorded in corresponding period last year.Directors attributed the...

The business, which operates besides the busy road that passes by Partial residential area in Gaborone, specialises in the production of furniture, repair of the old furniture and car interiors.It manufactures sofas, chest of drawers, television...

Currently the group operates three stores in Molepolole, another one at BBS Mall in Gaborone and one in Block Six neighbourhood which operates on a part time basis.Payless CEO, Elliot Moshoke told BusinessWeek that the group is hoping for a P30.5...

The central bank says the direction of inflation allows it to adopt an "accommodative monetary policy stance" for this year, which could see interest rate cuts that put money back in borrowers' pockets.Briefing journalists on Thursday,...

Government, through the Trade ministry, took a decision to impose restrictions on the importation of school uniforms which included tunics, dresses, pinafores, shirts, pants, slacks, blouses, t-shirts, ties, scarf, hats, jerseys and tracksuits for...

Since last year, the Special Economic Zones Authority (SEZA) has been consulting with local farmers to encourage and assist them setting up clusters. According to SEZA CEO Lonely Mogara, the clusters will fill the gap and help satisfy the demand for...

Non-Performing Loans (NPL) fell four percent year-on-year from P894 million to P861 million while impairment charges dropped to P76.9 million from P96.7 million, recent filings with the Botswana Stock Exchange indicate.The bank said the drop in NPLs...

Last Sunday, President Mokgweetsi Masisi officially submitted the country’s instruments of ratification to the African Union (AU) Commission, ending a four-year journey of negotiations over the pan-African trade deal. Botswana was the 46th country...

CashPlus is the bank’s extension which offers both FNBB and non-FNBB customers an option to perform cash deposits, withdrawals, and e-wallet withdrawals or purchase electricity or airtime. The agents are independent and located across the country....

According to Trade Minister Mmusi Kgafela, the industry has been having some bottlenecks that include policies which early entrants used to make it difficult for new market entrants. The minister said their findings, which were conducted in 2013,...

Grit Services which is LLR’s Africa expansion strategy partner, recently offloaded millions of its shares in the local group, cutting its stake from 25%to 18.31%. The pan-African real estate firm at some point held 30% equity in LLR, second only to...

The company also holds convertible debt in Minergy Ltd, the coal producer based in Medie. MDCB chief investment officer, Modise Mokone told BusinessMonitor that the company was analysing the opportunities available in critical minerals, rare earth...

The Indaba, one of the world’s largest meetings of the mining industry, kicked off on Monday and ended on Thursday.Minerals and Energy minister, Lefoko Moagi told BusinessWeek that government’s mission at the Indaba was to remind investors,...

Giving an update on the market, Minergy CEO Morné du Plessis said their objective is to secure additional long-term export seaborne offtake agreements since the logistics and coal qualities have been established. “At the same time, we assess...