Author

Lewanika Timothy
  • Debswana to sweat off non-core assets

    Executives within the diamond giant revealed that the newly launched Ya Masa strategy is meant to usher in investments in new asset classes while also getting rid of those that do not meet the portfolio needs of the company currently.Speaking during...

  • Botswana Oil ramps up investments for 60-day fuel reserves

    The target will be achieved through the completion of three strategic fuel depots in Francistown, Gantsi and Tshele Hills, with the latter to be developed under a Public-Private Partnership (PPP) after government secured an investment partner through...

  • Local solar generation hits historic figures

    According to Statistics Botswana figures, in the first quarter, electricity generation figures show that solar plants produced 82,519.96 megawatt hours (MWh), accounting for 9.1 percent of total domestic electricity generation.The output marks a...

  • Ray of light beams for gold mining in the North

    Following a protracted legal battle that culminated in the approval of the mine's acquisition by Turkish precious metals group AgaOne Commodities, in partnership with citizen-owned Nova Africa, a glimmer of hope has begun to emerge for the...

  • G4S Botswana narrows losses

    Financial statements released on the bourse last week show the company posted a net loss of P4.9 million for the year ended December 31, 2025, a marked improvement from the P14.3 million loss recorded in the previous year. Loss before tax narrowed by...

  • BTC profit plunges as rising costs bite

    The listed telecommunications operator reported profit before tax of P146.2 million, which is a 45% decline from P266.6 million recorded in the previous financial year. Revenue slipped 1.6 percent to P1.47 billion from P1.49 billion, reflecting...

  • New Mupane owners target refinery

    After a protracted legal wrangle in which the Nova Africa Resources/Aga One joint venture emerged victorious, investors have revealed to BusinessWeek that they have bigger plans to turn the Mupane assets into a base for a regional refinery targeting...

  • The cost of Botswana’s consumerist culture

    There is clearly a mismatch between the country’s economic aspirations and purchasing patterns.On one end the country claims to be on this great trek to industrialisation positing itself as the rightful home to billions of Pula in investments for...

  • Gov't moves to overhaul tourism act

    The review follows the adoption of the National Tourism Policy in 2021 and the subsequent development of the country's 10-year National Tourism Strategy and Master Plan (NTSMP), which sets out a roadmap for sustainable tourism growth and...

  • BoB ‘cashes in’ investments to support reserves

    Under a section of the Bank of Botswana Act, the central bank is entitled to periodically move funds from the Pula Fund into the Liquidity Portfolio, which is a section of the foreign exchange reserves housing funds required for the country's...

  • Gov’t to fight Motsepe’s R80M legal fees claim

    Appearing before Parliament’s Public Accounts Committee (PAC) this week, Bayford revealed that while government has already complied with a court ordered apology to Motsepe-Radebe, it is not prepared to accept the quantum of damages now being...

  • Smart subsidies and uncomfortable questions

    President Duma Boko recently threw down the gauntlet, challenging the nation to focus on solutions, rather than brilliantly describing problems. Here goes!Earlier this week, the Minister of Local Government and Traditional Affairs, Ketlhalefile...

  • FSC flags growing government debt appetite

    The Financial Stability Council (FSC) said in its latest Financial Stability Report that widening fiscal deficits were forcing government to rely more heavily on domestic funding sources, increasing banks’ exposure to sovereign debt and...

  • Lesotho courts Botswana on mineral beneficiation

    Prime Minister of the mountain kingdom, Samuel Matekane said the two neighbouring states should leverage their diamond resources to build downstream industries capable of generating jobs, skills and export earnings. “Mining has long been a defining...

  • Cresta Jwaneng’s financial woes persist

    The group has had to take a knock on the valuation of the Jwaneng hotel as occupancy levels plunge, following another year of poor performance.The hospitality and leisure chain has had to write down the value of Cresta Jwaneng by over P14.1 million,...

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