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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...

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...

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...

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...

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...

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...

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...

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...

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...

Next month, Botswana will reach a milestone few a nations have achieved, an independence Diamond Jubilee reached with no stone thrown or blood dropped in civil wars or fight over national resources. The challenges surmounted by those who have treaded...

Last week, in a podcast interview with journalist Spencer Mogapi, Finance Minister Ndaba Gaolathe said Botswana was receiving unparalleled expressions of interest in energy, surpassing interest in any other sector, with investors standing ready with...

Assets grew by 10.2% from P116.38 billion, leaving BPOPF about P1.7 billion short of its strategic target, which it expects to reach by March 2027.The growth came against a 39% increase in benefits paid during the year, driven by higher retirements,...

Once operational, the firm will be the country’s first major downstream steel-processing facility, with directors already aiming at supporting the country’s solar power industry, which relies heavily on galvanised steel.The facility will have a...

Answering a question in Parliament recently, Minister of Lands and Agriculture, Edwin Dikoloti, revealed that the country's annual demand for poultry meat stood at approximately 50,000 tonnes, while demand for table eggs was around 13 million...

Sefalana, which sells over P12 billion worth of fast-moving consumer items annually, said its stores were seeing healthy foot traffic across the country, but thinner baskets were being filled, with only necessity items. That trend is beginning to hit...