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  Gem Diamonds to meet production target BOTSHEPO MAJUBE Correspondent G em Diamonds Botswana is optimistic of meeting its production target at its Ghaghoo mine in the Central Kalahari Game Reserve (CKGR). The company has hit a kimberlite a...

In its unaudited financial results for the six months ended October 31, 2013, the group’s revenue was up two percent to P1.18 billion. The company's profit before tax rose 46% to P63.6 million. The results show that the growth rates have been...

  PPADB to shorten contractor turn-around time BOITSHEPO MAJUBE Correspondent T he Minister of Finance and Development Planning, Kenneth Matambo, says the Public Procurement and Asset Disposal Board (PPADB) will introduce a fast service and...

The current system of awarding electrical and mechanical tenders does not allow local companies to compete, the association stated at its annual general meeting held in Gaborone last week. “This in turn favours foreign companies over us, but...

"Should the study point out that Botswana is any more expensive that any other country, we would mitigate against the moratorium,"he said. He said the moratorium slapped on banking tariffs by the Bank of Botswana as the regulator comes at a time when...

Botswana Africa Youth Games Organising Committee (BAYGOC) CEO, Tuelo Serufho told Business Week that they are engaging University of Botswana experts to quantify the money that will be channelled into the economy from the event. "We have already...

Botswana has been struggling to increase local agricultural output to match with increasing demand. The country needs up to 12,000 tonnes of sorghum per year while the current production at Pandamatenga stands at about 50% of the national...

He said the cut-off of the channels has been a big boost for local broadcasters. “Even-though local advertising is proving to be difficult, multi-national companies are coming forth and advertising with the station,”...

  ODC gears for bumper 2014 sales Boitshepo Majube Correspondent T he Okavango Diamond Company (ODC) started a 12-day viewing last week in accordance with its expected delivery dates of supply from Debswana this year. The company says its...

Choppies chief executive officer Ramachandran Ottappath told Business Week that the retailer sees no need to expand further in Africa, as the region has plenty of opportunities for the retailer. There is massive growth potential in the region for...

The company says that small civil servants salary increases has resulted in reduced disposable incomes in the region. PrimeTime managing director, Sandy Kelly said they see this trend continuing for some time. "Francistown is battling. Whilst our...

In its 2014 operating outlook, the Botswana Stock Exchange (BSE) listed company said it is upgrading and building a plant at Karowe to improve large diamond recovery following continued occurrence of exceptional stones and to enable sustainable...

Choppies, CEO Ramachandran Ottappath told Business Today that the move to acquire 13% (150,000,000 ordinary shares) by SCPE from Choppies has improved the company's stature in the financial markets.  Ramachandran stated that it would also impact...

The company said in Botswana, the average price increase would be 7 percent."Our annual price increase is targeted first and foremost at ensuring a competitive and sustainable value proposition for our customers," said Mokgethi Magapa of DHL Express...

Mamase Investments were in 2011 contracted by BDC to lease Toro Safari lodge after the corporation bought it for P22 million. According to the owner of Mamase Investments, Jacob Masima, the lease was unclear and was terminated by BDC without his...