Author

Brian Benza
  • Economy undergoes structural shift

    According to prominent economist Keith Jefferies, the Botswana economy has now reached a relatively diversified position in terms of GDP but diamonds still precariously dominate exports. Latest statistics show that the economy is now diversified in...

  • Business confidence dips

    According to the results of a Deloitte CFO 2014 survey, majority of the 34 CFOs and financial directors that participated in the Botswana survey do not expect a major improvement in operational performance this year and will opt to improve existing...

  • Total blackout at Morupule B

     Two units broke down in September while the other two failed early this month. Constructed by Chinese company CNEEC, the plant was supposed to be fully operational by October 2012 but has been plagued by regular boiler failures in the past two...

  • Fresh investor appetite rallies BSE northwards

    In yesterday’s trading, the DCI registered lukewarm trading adding to last week’s momentum in which the benchmark index’s bull run propelled the market to a fresh record high of 9572.55 points.  According to Motswedi...

  • NDP11 targets inclusive economic growth

    According to Key Policy Paper (KPP) for the preparation of NDP11, a major challenge to be tackled in the development plan is how the country can achieve inclusive growth through three dimensions. The three pronged approach targets enlarging the size...

  • IMF upholds 4.4% Bots growth forecast

    In its latest World Economic Outlook (WEO) report released on Wednesday, the Fund said the Botswana economy would grow by 4.4 percent before the growth rate slows to 4.2 percent in 2015. After the economy grew at a faster than expected rate in 2013,...

  • Morupule B breaks down again

    Sporadic load shedding has already been felt in Gaborone, with some consumers saying they experienced power cuts of up to four hours on Monday and Tuesday.  While by the time of going to press yesterday evening, BPC spokesperson Spencer Moreri...

  • Retail investors rise 200% on BSE

    According to the BSE 2013 Annual Report released this week, local individual contribution to turnover in 2013 was 8.7 percent rising by nearly threefold over the past five years from three percent in 2008. The BSE registered a record turnover of...

  • Sluggish mining retards economic growth

    On a year-on-year basis, SB announced that Gross Domestic Product (GDP) growth was at 4.5 percent in the second quarter of 2014 from 7.3 percent in the same quarter of last year. The economy grew by 5.2 percent in the first quarter of this...

  • KDL rebuffs Lerala sale speculation

    “It has come to the board’s attention that there have been rumours in the market that KDL is attempting or intending to sell Lerala. Such rumours are not true. KDL has no intention of selling Lerala,” the board said in a statement...

  • Spadework for new coal mine at Morupule

    This is within its lease area to feed into the envisaged 300MW second phase of Morupule B power plant. The open cast mine, which will be built adjacent to the existing underground operations, is projected to be complete by 2017. Responding to...

  • Budget forecast to remain in surplus

    Speaking at a Budget Pitso held last week, secretary for Finance and Economic Policy, Taufila Nyamadzabo, said the proposed budget for the 2015/16 financial envisages a small surplus of P1.4 billion or 0.8 percent of GDP. “Total revenue and...

  • Retail market reaches saturation

    According to the 2014 edition of the authoritative AT Kearney Global Retail Development Index (GRDI), Botswana slipped by a single notch to 26th position in the ranking. “Botswana ranked for the third straight year, with retail contributing 30...

  • More diamond money for capital projects

    As part of a review of policy governing the use of public funds, government will from next financial year increase the percentage of mineral revenues allocated to capital projects in each annual budget from 50 to 60 percent. Speaking at the...

  • China to drive diamond industry growth

    According to the Diamond Insight Report released by De Beers this week, the USA is still the largest buyer of diamonds but the Chinese market is experiencing phenomenal growth. As a result of the growth, the share of polished diamonds sold in...

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