Author

Lewanika Timothy
  • Botswana’s tale of many strengths but master of none

    Botswana can become a sundry number of things. Some mutter that the country can become a logistics hub whilst some posit it can become a financial transactions hub shoulder-to-shoulder with the likes of Switzerland. The list goes on and on. This...

  • BSE moves to open bond market to ordinary citizens

    The exchange says the current bond market is primarily accessible to institutional investors such as pension funds and large commercial entities.Retail bonds are an ‘IOU’ in which an investor agrees to loan money to an individual, company, or...

  • RDC Properties posts strong financial results

    The company reported that revenues of P571.8 million were recorded during the period, which was better than the P561 million in 2023 rounding up with a profit before tax (PBT) of P174.5 million. RDC’s total asset value is now at P5.92 billion,...

  • StanChart retail unit delivers P791m ahead of sale

    For the full-year to December 2024, StanChart's total income stood at P1.065 billion earning an operating income of P478 million. The increase in earnings was attributed to the growth of the WRB division and improvement in margins enjoyed from...

  • Gov’t weighs options as tariffs become ‘unsustainable’

    Whilst consumers, particularly households, believe the cost of electricity is high, high local generation costs and escalating imports, mean the current tariffs are a fraction of the true cost paid by the Botswana Power Corporation (BPC).Government...

  • Govt slashes water tariffs by 30%

    Speaking at a press briefing on Thursday, Boko stated that the decision was taken to ensure that ordinary citizens have access to affordable water while government institutions shoulder a larger share of the costs."We are looking at making it easier...

  • ‘Government is broke’ narrative backfires

    Presidential diplomatic trips, international ministerial engagements, conferences, and the famous “benchmarking” trips are the recent victims of an online campaign to make sure government lives within its means. For the many online spirited...

  • BPOPF to cut out opportunistic ‘middlemen’

    The decision shows that the country’s largest pension fund wants to remain unshaken even as it hunts for opportunities to invest the billions of pula in funds being returned home as part of changes in the law.Under changes to the Retirement Funds...

  • The true cost of govt’s ‘free lunch’

    Botswana has brought a butter knife to a poverty fight whilst its antagonist – unemployment – has brought a grenade. For 58 years, government has been preaching empowerment, social welfare, and social security support, but after almost six...

  • Cyber-finance crimes evade us, authorities admit

    This week Botswana Police Service officials revealed that they currently have zero cases recorded involving cryptocurrency illicit financial transactions, due to a lack of capacity.This swims against the tide of alarms raised by the financial...

  • The perils of Botswana’s welfare state

    Of the many fading values that served as the cornerstone of yesteryear Botswana, there is one that seems to be dissipating faster than most – the value of self-reliance. Fables and legend have it that erstwhile Botswana was the simile of a secular...

  • Letshego on recovery path as losses narrow

    The listed group noted in the 2024 full year results that it registered a profit before tax of P232 million, which was offset by tax amounts of P302 million that led to losses of P70 million. Speaking at the audited financial results announcement,...

  • Household debt to banks tops P55bn

    Household borrowing, the main revenue driver for commercial banks and a bellwether of economic activity, has been growing steadily, supported by the Bank of Botswana (BoB) cuts in interest rates.Central bank figures contained in the January Botswana...

  • Gov't warned against stand alone 8000 MW project

    They noted that doing this in isolation without working in synergy with other regional planners may lead to “white elephant” investment. Cautioning government during a SADC ministerial high level policy dialogue recently, Deputy Permanent...

  • Gambling Authority nabs illegal betting platforms

    Sports betting has exploded in the country of late, with many Batswana trying their fortunes on the various platforms.However, the Authority warned the public that Bet365, Forzza, 1XBET, Betwinners “and others,” due to their failure to comply...

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