Author

Isaac Pinielo
  • Food prices likely to drop after heavy rains

    This is expected to lead to a drop in food prices over the course of 2017 in the southern African region, which should alleviate pressure, especially on low-income consumers further down the line. According to Moemedi Mosele, an economist at...

  • Import ban triggers vegetable price hikes, shortages

    Effected last December through the Ministry of Agricultural Development and Food Security, the ban prohibits the importation of tomatoes, potatoes, peppers, bell peppers, melon pear and beetroot. This came after a highly destructive insect pest...

  • BOBS moves to cut compliance redtape

    According to BOBS public relations officer, Kagisano Makonyela this is the first time that the bureau has changed the status on standards specifications from being mandatory to voluntary. “The standards have only changed their status from...

  • GetBucks seeks P500m to expand operations

    The company, which embraces technology as a means to provide financial products and services to customers, recently stated that it intends to raise between P100 million and P200 million as a first tranche of the note. “The Botswana Stock...

  • The ups and downs of business in 2016

    January The year began with reports of a tax dispute that stalled Choppies’ plans to enter the Kenyan market as the retail giant had intended to acquire Ukwala Supermarket outlets. This was halted until the P104 million-tax dispute between the...

  • Formal employment shows slight increase

    According to latest Stats Brief released on Monday by Statistics Botswana (SB), formal employment increased by 0.8%, which represents 3,095 persons from 404,387 persons in March 2016 to 407,482 persons in June 2016. Private organisations recorded...

  • Turnstar records strong growth despite challenges

    Revenue for the year ended January 31, 2016 grew by five percent from the prior year to P247.6 million, while operating profit increased by 23% from the prior year to P182.7 million in the period under review. Commenting in the group’s annual...

  • Choppies Fashion Line �Amazes� Customers

    There was an array of clothing on display ranging from children’s wear to ladies’ and men’s clothing, which is labelled Choppies. The same applies to the store at Game City. A customer who happened to be surprised by the presence...

  • Botswana strongly rejects tax haven label

    Since 2012, the diamond-rich country has been excluded from the international business community because the country was labelled by France as a tax haven that did not have a “suitable legal framework for the exchange of tax...

  • Tomato embargo hits farmers hard

    The restrictions came following the detection of tomato leaf miner or Tuta absoluta, which is described as a highly destructive insect pest to tomato plants and fruit and is also reported to infest other plants in the Solanacaeae family such as...

  • Transporters contest SA firm�s bid for 4MS

    The acquiring company, Transport Holdings is a logistics subsidiary of Imperial Holding Group of South Africa and is involved in carrying out large-scale transportation. On the other hand 4MS Group, established as a citizen/driver empowerment scheme...

  • BDC targets Nigeria, Ghana in expansion drive

    Among the countries targeted for investments are Nigeria, Ghana, Zambia and Kenya. BDC managing director, Bashi Gaetsaloe told delegates at a stakeholder meeting this week that investing abroad will make the corporation more efficient, thereby...

  • Gov�t wants investment facilitation law

    In his state of the nation address on Monday, President Ian Khama revealed that the government is considering the enactment of an investment facilitation law, which will establish an investment code for Botswana. “The law will stipulate...

  • BDC doubles profits to P224m

    The corporation, which is the government’s investment arm, posted overall PBT of P224 million in the year to June, which is a 104% increase from P110 million a year earlier. BDC’s drive to increase its profile saw it instituting a major...

  • Local textile firms falling short � Pep Stores

    Earlier on, the local textile and clothing industry complained that large chain clothing stores were importing most of their clothes from outside the country and ignoring the local manufacturers. Pep Stores local area manager, Kemo Ditodi told Mmegi...

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