Author

Lewanika Timothy
  • Botswana’s GDP shrinks for third consecutive quarter

    The Gross Domestic Product (GDP), which is an aggregate measure of the value of goods and services produced within the country, has been negative for three consecutive quarters in 2024, as Botswana’s economic mainstay sectors remained subdued.Data...

  • What Mbeki said to Ndaba

    Post-election, the country was reeling in the shock at the outcome and as one can imagine, it was not just the populace but even the newly elected leaders themselves who were taken aback. Batswana had not only booted out the Botswana Democratic Party...

  • The year in numbers

    Whilst 2024 was a politically charged year all over the world, with a great deal of social catastrophes, the greatest volatility in numbers was registered in economic indicators. It was not just the common Gross Domestic Product (GDP) figures that...

  • Gov't to clamp down on hoarding of prospecting licenses

    The decision, which comes amid mounting concerns over the underutilisation of valuable mineral resources abundant in the country, seeks to ensure that licences are held by active operators committed to exploration and development. Speaking during the...

  • Forex, crypto again top FIA fraud list

    A trend analysis report published recently indicates that between January and June 2023, banks and other authorities filed a total of 165 Suspicious Transaction Reports (STR) with the FIA, of which 116 involved fraudulent cryptocurrency dealings.In a...

  • Africa Lighthouse eyes bigger kitty for Fund2

    The Botswana Public Officers Pension Fund invested half a billion in ALC’s first fund to invest in local private equities, alongside undisclosed investment amounts from six other private and public pension funds.This time the fund manager expects...

  • SWAPO survives regional onslaught against legacy parties

    Nandi-Ndaitwah, 72, is the current vice president. Her victory will extend SWAPO's 34 years in power since it led Namibia to independence from apartheid South Africa in 1990.She received roughly 57% of valid votes in the presidential race,...

  • BSB posts historic profits as loan book swells

    The profits were more than 1,700% above the P3.7 million recorded by BSB in the half year ended September 2023.In a commentary accompanying results which were posted to the Botswana Stock Exchange (BSE) this week, directors attributed the profit...

  • BTC profit after tax jumps by 57%

    During the reporting period, profits for the listed company jumped from P71 million to P112 million, which was attributed to effective cost reduction measures and the expansion of mobile money services. In a financial statement issued on the Botswana...

  • Turnstar eyes blue-chip asset expansion into African markets

    Turnstar, listed on the local bourse, has been pumping capital into the Tanzanian and Dubai markets investing in the retail property sector, seeking to make hay whilst it shines on other Eastern African markets.In an exclusive interview with...

  • BPOPF ups property acquisitions as asset-hunting intensifies

    CCA's latest annual report showed that the authority received and approved the largest notice of mergers and acquisitions from the real estate sector predominantly from asset managers who have mandates from the BPOPF.“In the period under...

  • Diversification tops new admin's economic agenda

    In his maiden State of the Nation Address (SONA) last week speech, President Duma Boko shared his vision of implementing the decade-old song of moving the economy away from dependence on diamonds. “Botswana’s reliance on diamond revenues has been...

  • CCA gets P42m financial rescue from gov't

    According to the entity, whose responsibility is to prevent and redress anti-competitive practices in the economy, it incurred a net loss of P13 million for the year ended March 31, 2024 and as of this date, total liabilities exceeded total assets by...

  • Botswana’s digital competitiveness stalls

    The World Digital Competitiveness Report (WDCR) is an annual comparison of digitisation efforts across three key factors being Knowledge, Technology, and Future Readiness. The WDRC is carried out by the Swiss-based Institute for Management...

  • Is a human rights approach to the economy what Botswana needs?

    The execution of Botswana’s economic roadmap has been forged through following National Development Plans (NDP) which have been designed to reflect the policy choices and developmental goals of different national leaders. The sixth administration...

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