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The losses, which affirm the protracted slump in the market, are not a sign of a tougher future, according to De Beers.The group’s financials have been under pressure as the global diamond market has been facing steep headwinds driven by...

The statutory data body noted in the latest Transport and Infrastructure Statistics brief that movements dropped from 17,706 in the last quarter of 2024 to 13,745. The downfall was expected in the Oct-Dec quarter, which usually attracts large travel...

Amid growing concerns from different economic agents, Finance Minister Ndaba Gaolathe told Parliament last week that recent adjustments to the way the pula is priced were triggered by growing concerns that the currency had become overvalued, placing...

The prolonged downturn in the diamond market remains the main drag on growth, weighing heavily on the overall economy. The muted growth in the first two quarters spells a steeper downturn for the second half.Botswana’s single commodity economy has...

Government spending in the economy through issuance of government purchase orders (GPO) and procurement of goods and services from the private sector remains constricted as government tightens its belt in the wake of declining revenues.Unveiling its...

The digitalisation project, which has been in the pipeline for several years, is earmarked to launch soon with the official target having been set for the second quarter of 2025. The move comes as government seeks to curb revenue leakages and delays...

According to the bank’s latest Annual Report, the country now has two fully-licensed Virtual Asset Service Providers, being Yellow Card and Express Minds, operating legally under the Virtual Asset Act of 2022. These companies are authorised to...

With households grappling with subdued incomes and in spite of a housing shortage, mortgages have taken a knock and remain unchanged whilst the rest of Southern Africa residential lending market remains bullish.According to a report by the Financial...

The Dar es Salaam property, now firmly established as Turnstar’s largest revenue contributor, not only boosted the group’s profits but also reaffirmed the east African country’s role as the cornerstone of Turnstar’s future growth strategy.In...

The FSC has sounded the alarm on growing vulnerabilities within the country’s financial system, highlighting how deepening ties between financial institutions and non-financial sectors, especially mining could elevate economic shocks to the upside....

In its latest review, the FSC noted that commercial real estate (CRE) credit in the country shrank slightly over the past year, falling from P6.1 billion in February 2024 to P5.8 billion in February 2025, making up 6.7 percent of total loans issued...

Whilst there has been public outcry over government’s decision to review the Top Achievers sponsorship programme — potentially halting opportunities for students to study abroad — the real monkey on its back is the millions of pula in unpaid...

The local economy contracted by three percent last year, with the diamond downturn squeezing government revenues and triggering structural liquidity in the financial sector, a situation that has seen banks increasing their lending rates.However,...

In political theorem, the deep state refers to a sect of unelected officials that run the government and dictate policy behind the scenes. In this case, the deep state refers to the entrenched, unelected machinery of government that continues to...

The rationale behind the move, according to government, is to abandon broad-based planning in favour of target-driven national development.President Duma Boko made the announcement at a high-level meeting of state-owned enterprise heads held this...