Author

Lewanika Timothy
  • Deficit narrows sharply as economy finds its footing

    A preliminary outlook prepared by the Ministry in September now estimates the deficit at P9.3 billion, equivalent to 3.1 percent of gross domestic product (GDP), compared with the P26.4 billion, or 8.9 percent of GDP, forecast in February.The P17.09...

  • Schweppes lines up Phikwe Citrus supply deal

    The planned supply relationship could connect Selebi-Phikwe Citrus’ expanding orchards with Schweppes’ proposed agro-processing operation, creating a local value chain stretching from commercial fruit production to beverage...

  • Pension funds cash pile worries regulators

    Both the Bank of Botswana (BoB), which regulates commercial banks, and the Non-Bank Financial Institutions Regulatory Authority (NBFIRA), which oversees retirement funds, believe more pension capital should move beyond bank deposits into longer-term...

  • Cost cuts trim Cresta’s losses

    In a cautionary statement on the Botswana Stock Exchange (BSE), the hotel group said it anticipates to record a loss before tax of between P8.8 million and P9.7 million for the six months ended June 2026. The forecast compares with a P11.1 million...

  • Inside why Batswana are putting marriage on hold

    Today, that order is changing. Batswana are still falling in love, living together and having children, but many are marrying much later, while others are not marrying at all.Statistics Botswana's latest figures show that just 4,517 marriages...

  • Kwa Nokeng eyes P1.37bn BSE listing

    Founding family custodian Clinton Van Vuuren and South African private-equity vehicle Chroma Capital 2 are selling 1.372 billion existing shares at P1 each, representing 49% of the company. The public offer opened on September 11.Unlike a...

  • Spending cuts save Botswana's investment status

    S&P Global Ratings last week affirmed the country’s long-term sovereign rating at BBB-, the lowest rung of investment grade, together with its A-3 short-term rating. However, the agency maintained a negative outlook, keeping Botswana on notice that...

  • Botswana’s homebuyers age shifts to 46 years

    The findings, contained in the latest Riberry Property Market Report quoted in the Bank of Botswana’s (BoB) August Monetary Policy Report, suggest that activity in the residential market is increasingly being sustained by older, financially...

  • FNBB muscles into mobile money race

    The move will allow customers receiving money through eWallet to transfer the funds directly into platforms such as Orange Money, Mascom’s MyZaka, and BTC’s Smega, breaking down the walls that have traditionally kept funds within individual...

  • Stanbic flags strong profit recovery

    In a cautionary announcement issued on the bourse, the bank said profit before tax for the six months ended June is expected to increase by between 10% and 20%, representing a rise of between P41 million and P83 million from the corresponding period...

  • Knowing Ukraine beyond the war

    In an interview with TIMOTHY LEWANIKA, Ambassador Oleksiy Syvak discusses the impact of the war on ordinary Ukrainians, the country’s economic resilience, opportunities arising from reconstruction and the potential for deeper cooperation between...

  • Letshego resubmits bid for banking licence

    A banking licence would lower Letshego’s cost of funds and rebuild margins squeezed by years of taking beatings in East and West African markets.The banking application license follows botched plans in 2018 when the group at the time chose to...

  • How Galvanising Botswana seeks to spark a steel revolution

    The project, being developed in Mmamashia by Galvanising Botswana, will have the capacity to process about 100,000 tonnes of steel annually, or roughly 220 tonnes a day. The facility is expected to become the country’s first major downstream...

  • Borrowing costs emerge as firms’ biggest worry

    The latest Business Expectations Survey by the Bank of Botswana, which sampled more than 100 firms from 13 sectors of the economy, found that firms highlighted the increasing cost of capital and tightening collateral requirements as a major factor...

  • BOBS moves to fast-track standards for local manufacturers

    industrialisation priorities. It has been revealed that the standards cover blue and processed hides and skins from bovine animals, sheep, goats and buffalo, as well as finished leather products such as belts and bags. Answering a question in...

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