Author

Lewanika Timothy
  • Botswana mulls signing onto Africa payment system

    PAPSS functions as a financial framework that enables cross-border payments in African currencies, eliminating the necessity for intra-Africa trade to be contingent on US dollar foreign reserves.Presently, nine central banks have officially embraced...

  • Local manufacturers lament snub by retailers

    The complaint was raised by several entrepreneurs at last week’s Local Manufacturing Summit held in Gaborone. The Summit provided a platform for entrepreneurs to air their grievances and to communicate their market handicaps to an array of...

  • All else except BCL

    It appears that light has returned to the horizons of copper markets after a bewildering price meltdown that swept many copper mines off their feet in the dusk of 2016.While it shines on the red metal, corporations have been lured into Botswana to...

  • Fight against food inflation not yet over

    In June, inflation cooled to 4.6 percent continuing within the central bank’s objective range and representing a 22-month low. Inflation has been declining in recent months due to decelerating food and fuel prices, as well as the base effects...

  • Oxygas leads way in gas production

    Established in Selebi-Phikwe with a cutting edge plant, the company has asserted itself as a trailblazing firm with the ability to produce a plethora of gases in both liquid and gaseous states.Oxygas is a 100% citizen owned firm operating in the...

  • BPOPF eyes local property as pension overhaul nears

    The country’s largest pension fund is also the biggest investor in local listed equities, with a P13 billion portfolio as at March 2023. Officials this week said this exposure was expected to increase as changes in pension fund legislation will...

  • Local manufacturers call for specialised fund

    The plea was raised on Tuesday, at the opening of the Local Manufacturer’s Summit held in Gaborone.Speaking at the event, Botswana Exporters and Manufacturers Association (BEMA) CEO, Mmantlha Sankoloba, said that despite the manufacturing sector...

  • Diamonds for Development Fund targets economic diversification

    De Beers officials said this week during their interim financial results presentation that they expect the fund to target non-mining sectors of the economy to reduce mineral dependence.The two parties have been engaged in increasingly tense...

  • Sefalana revenue soars beyond P9bn

    The whooping revenue is an uptick of 21% compared to the prior financial year. The group reported that for the same financial year it generated profits of P403 million, as profit before tax (PBT), which represents a growth in profit of 21% a growth...

  • Halethaba makes hay while the sun shines

    Moyo, who is an artistic genius, began his journey in the arts space in 2004 when he was still in primary school. He recalls vividly being captivated by an art piece, which he got lost starring at for hours and in that moment he knew he was called to...

  • BICA stands firm on suspended accountants

    The exact reasons behind the mass suspension are unclear but BICA officials have said the affected accountants were not complying with the requirements of BICA membership.By law, all accountants operating in the country are required to register with...

  • ICAZ rallies accountants to adopt AI

    JP Morgan Chase consultant, Tadiwa Mubvumbi said when speaking at the Institute of Chartered Accountants of Zimbabwe’s (ICAZ) Winter School held here last week. ICAZ is Zimbabwe’s oldest professional accounting body and the organisation holds its...

  • Meat Regulator Bill spells end of BMC monopoly

    Reading the motion for the second time in Parliament, Minister of Agriculture, Fidelis Molao, said government has been worried about the dwindling contribution of livestock sales to the mainstream economy, adding that this has been a point of pain...

  • Air passenger volumes rise but still below pre-COVID levels

    Activity at the country’s airports is generally linked to tourist activity, with the third quarter of each year experiencing higher passenger volumes in line with the peak tourism period. The fourth quarter is also traditionally busy due to festive...

  • US Africa Summit kicks off

    The summits, organised by the Corporate Council on Africa - a trade association focusing on strengthening commercial relationships between the United States and Africa – are the premier platforms for bringing together African heads of state and...

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