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FNB funds its CSI projects through FNBB foundation established for the purpose of aiding educational, arts and culture and social welfare development in Botswana by identifying beneficiaries who are in need and deserving of assistance.  To date...

Announcing their results in Gaborone last week FNB CEO, Lerato Boakgomo-Ntakhwana said FNB has a diversified portfolio, and they would be more innovative in their non-interest income portfolio to caution the impact of the moratorium. “When one...

  Kedikilwe stated that audits carried out from December 2010 to March 2013 uncovered 62,717 minor and major project defects. He stated that the Quality Audit Teams in place to scrutinise claims have had substantial positive effect. “It...

Being landlocked the agreement gives Botswana an opportunity to access the port through Namibia.  The strategic partnership would enable the country to reduce its dependence on South Africa for port services. The most important factor for...

Speaking at the launch of the Business Facilitation Service Centre in Gaborone this week, Makgatho-Malesu said government was developing this in partnership with the Ministry of Labour and Home Affairs with a view to allow importation of requisite...

According to Anglo American's full year 2013 results, project expenditure, including infrastructure expenditure, is likely to total approximately $3 billion.  De Beers is a subsidiary of Anglo American, which holds 85% equity in the diamond...

This week, the new state-owned entity revealed that it has signed two new 10-year long contracts with backhaul suppliers, or networks that communicate with the global internet. This will be paid for at wholesale commercial access rates. BOFINET is...

The team had recommended an amicable separation but the chairperson has since released a statement confirming the council's final decision. In a notice last week, BOCCIM said its Council had considered "a business case" and resolved to retain...

As part of the privatisation process, all backbone assets have been transferred to BoFiNet, a development that has levelled the playing field in the industry and could curtail the BTC’s profitability. Speaking at the First National Bank...

As a result of the deliberate policy by the Bank of Botswana, the Pula has weakened against most major trading currencies, while appreciating against the Rand. On an annual basis (12 months to January 2014), the Pula depreciated against the US...

   Expectations have always been that the parastatal would be recapitalised in preparation for possible privatisation. In an interview with Mmegi Business yesterday, Minister of Transport and Communications, Nonofo Molefhi...

 "The team used the occasion to meet with Stanbic Bank senior management, regulators and some customers in Gaborone," Stanbic Botswana says in a statement. The statement says the visit came at a time when both Standard Bank Group and Stanbic...

  PPADB fails to  meet deferrals targetBOITSHEPO MAJUBE Correspondent I n it 2013 annual report, the Public Procurement and Asset Disposal Board (PPADB) states that deferrals increased from 27-29%, while rejections remained constant at...

  By-law officers to be  armed with pepper sprays BOITSHEPO MAJUBE Correspondent T he Jwaneng Town Council has proposed that council by-law enforcement officers in the country should be armed with pepper sprays so that they can...

  Miner killed  in 'tragic' accidentBOITSHEPO MAJUBE Correspondent A n employee of Ghaghoo Diamond Mining Company was killed in the early morning of January 11, 2013.   A statement released to the media by the company say: "A...