Author

Lewanika Timothy
  • Stimulus desperately needed but unlikely – StanChart

    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...

  • Botswana advances drive to digitise government payments

    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...

  • Crypto finds footing, but remains far from legal tender

    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...

  • Mortgage debts remain flat as incomes lag

    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...

  • Tanzania lays Turnstar's golden egg

    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...

  • 'Botswana’s financial system interconnectedness raises alarm'

    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....

  • Property financing in Gaborone crowded, risky – FSC

    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...

  • Moment of truth for P3bn tertiary financing

    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...

  • ‘Swiping’ payments reach P120bn despite tight economy

    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,...

  • Inside Boko’s struggle to dismantle Botswana’s deep state

    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...

  • Boko scraps NDP

    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...

  • MIT, BDIH launch startup accelerator

    The programme aims to fast‑track 31 locally-owned small, micro, and medium enterprises (SMME).Anchored by MIT’s Kuo Sharper Innovation Centre, the initiative began with a three‑day bootcamp at BDIH’s headquarters, signalling Botswana’s...

  • Demand for data, broadband push BTC revenue up

    The Botswana Stock Exchange-listed company reported a 30% surge in PBT from P200 million in the previous year to P259 million, underscoring improved operational efficiency despite pressure on margins. BTCL’s total revenue for its audited results...

  • Gov’t mum on De Beers purchase move

    Whilst government had previously been confident about increasing its stake, it has now retracted to silence leaving room for speculation for market watchers.Recently, during the future of mining summit held in Gaborone, the Minister of Minerals and...

  • BBS turns to borrowing as loans outpace deposits

    The bank's loans-to-deposit ratio stood above 100%, indicating that the bank had maxed out its deposit on lending and now had to turn to external sources for funding of other loans. Whilst the bank demonstrated robust growth in its loan book and...

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