Author

Lewanika Timothy
  • Botswana buys 95 heifers, 150 dairy goats from Australia

    The livestock is expected to touch down at Sir Seretse Khama International Airport on Tuesday. Addressing Batswana in the Diaspora here last week, Masisi said his government was keen on improving the state of agriculture in the country justifying a...

  • Econsult raises alarm on fiscal sustainability

    Generally, Botswana is known for its prudent fiscal policy, with excess government earnings being saved or invested in offshore accounts to shield the mineral dependent economy from rainy days. Despite this track record, the government has, in recent...

  • Casting the tourism net wider

    The industry is beaming with hope that there is more traction being made in extending the spread of tourism to other parts of the country. However, there are seemingly insurmountable challenges the industry faces ranging from climate change to the...

  • Masisi unveils investment process accelerator

    Giving the keynote address at the Hospitality and Tourism Association of Botswana (HATAB) annual conference held here last week, he made public the new entity in response to the tourism industry’s concerns about the delays in the provision of...

  • De Beers sees subdued market for diamonds

    De Beers reported suboptimal sales of rough diamonds, especially in the last quarter, resulting in revenues of $4.3 billion, down from $6.2 billion in 2022.Briefing journalists last week, senior De Beers officials said their forecast indicates that...

  • 'Why we didn't bid for Khoemacau'

    Chinese state-powered firm, MMG, has finalised the purchase of Khoemacau for about P25 billion, the largest private-sector transaction to ever happen on local soils.Speaking last week in Maun at a ceremony to mark MMG’s takeover, Moagi said...

  • Botswana rejects UK immigration deal

    Botswana, a former colony of Great Britain itself has shown not even that slightest interest to the proposed treaty rejecting it upon proposal.In an interview with Mmegi this week Minister of Foreign Affairs, Dr Lemogang Kwape revealed that the UK...

  • Huawei to roll out 5.5G network in Botswana

    In 2022, Botswana first interfaced with 5G technology following its implementation by Orange Botswana. By then 5G was the premium technology network, designed to offer faster network support while connecting vast periphery devices, machines, and...

  • Citizens as bystanders in the economy

    When the chronicle of Botswana as a success story is narrated, about the anchors on diamonds or the country’s resilient leadership, the question will be asked whether citizens played a mammoth role in this success story. Or has the country carved a...

  • Rental revenue bolsters Turnstar's profits

    According to the published results, rental revenues for the group rose by 13% totalling P328.5 million compared to the corresponding year which ended in P291.3 million. Turnstar executives apportioned the surge in rental revenues to strong rental...

  • Rising pension cash-outs worry insurers

    Since October 2022, amendments to the Act have provided for enhanced withdrawals at retirement, raising the commutable or cash payout of the pension at retirement, from one-third to 50% of accrued savings.In a briefing on the group’s financial...

  • Top elections to watch in 2024

    The world shakes at its shoes as poll dates draw closer and closer like the dreaded sound of the hangman’s footsteps echoing in the ears of a felon whose fate is the gallows. In 2024, it is not just about who will emerge victorious, it is about the...

  • I was ready to walk away from De Beers – Masisi

    Botswana’s diamonds are not just shiny stones concealed by the Sahara sands that drape the turf of the nation’s territory, they are the roads coiled all over the nation, the buildings that house the country’s industrialisation efforts, diamonds...

  • Funding SMEs in Botswana: A contrarian view

    While the “mokgolosa” statement has gone viral on social media, some public finance experts are sounding the alarm over the amounts of cash the government is pouring into unviable ventures, a persistent trend over the years.Experts estimate that...

  • BPOPF ups shareholding in Tlou Energy

    The pension fund snapped up about 61.3 million additional shares amounting to 5.65 million Australian dollars (A$) (P50m) under the second round of an offer by Tlou that was initially closed in January. The new shares take BPOPF’s total equity in...

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