Business :: Mmegi Online

Tuesday, September 21, 2021

Nightclubs to reopen as SOE restrictions end

Nightclubs will reopen from October 1, as other trading restrictions on businesses are lifted due to the end of the State of Emergency (SOE), Investment, Trade and Industry minister, Mmusi Kgafela has said.

Mbongeni Mguni | 21 September 2021

Back again: Nightclubs are set to reopen PIC: THALEFANG CHARLES

Kenewang Aims To Dominate Detergent Industry

FRANCISTOWN: Thirty-three-year-old Maunatlala native, Omphemetse Kenewang aims to take the dishwashing detergent industry by storm in order to curb the influx of foreign products sitting on local shelves.

Lesedi Mkhutshwa | 20 September 2021

Hilton's Four Head To Dubai

Hilton Garden Inn Gaborone continues to empower and upskill its employees as four team members from the hotel will go on to represent the business through international transfers to Dubai in the United Arab Emirates.

Pauline Dikuelo | 20 September 2021

BancABC Sees Slight Profit Growth

BancABC has recorded P68.9 million profit before tax, which is a slight increase from the P68.5 million that was recorded in the prior year, despite the difficult economic environment caused by the COVID-19 pandemic.

Pauline Dikuelo | 20 September 2021

In the system: Access to financial services has increased since 2014 PIC: MORERI SEJAKGOMO

Financial inclusion ticks up

The latest version of an authoritative survey shows that the proportion of the country’s population with access to financial services has improved, with about 1.29 million adults recorded as financially included in 2020 up from one million recorded in 2014.

Pauline Dikuelo | 17 September 2021

Central advisory: Bank of Botswana governor, Moses Pelaelo will play a key role in advising government on the SDR allocation PIC: MORERI SEJAKGOMO

This SDR allocation must be different

When the International Monetary Fund announced last month a new $650 billion allocation of special drawing rights, the hope was that high-income countries would transfer their SDRs to developing countries in need. With the Fund’s annual meetings coming in October, it’s time for all parties to step up. BARRY EICHENGREEN* writes

correspondent | 17 September 2021

Growing needs: The SDR allocation could be used to purchase more COVID-19 vaccines

Finance Ministry weighs options for P3bn IMF windfall

The Finance and Economic Development ministry is weighing various options around how to access and use the P3 billion in additional reserves allocated last month by the International Monetary Fund (IMF).

Mbongeni Mguni | 17 September 2021

Executing strategy: Lesetedi PIC: MORERI SEJAKGOMO

BIHL profits drop 24% on higher COVID-19 claims

The country’s largest and most diversified financial services group, BIHL, saw its pre-tax profits for the first six months of this year drop about 24% after the Delta variant ballooned deaths in the country, causing claims to jump P354 million during the period.

Mbongeni Mguni | 17 September 2021

Buzzing again: Diamond sector recovery is leading the economy's rebound

S&P raises Botswana’s outlook to positive on diamond recovery

Global credit ratings agency, S&P yesterday revised its view of the country's outlook to stable from negative, citing stronger prospects for economic recovery.

Mbongeni Mguni | 18 September 2021

Leepo: She's Got Tech Game

Startups are developing innovative products to help consumers and businesses survive during the coronavirus (COVID-19) pandemic, which is ravaging industries.

Pauline Dikuelo | 13 September 2021

Africa Lighthouse reviews private equity deals for P500m fund

Mbongeni Mguni | 10 September 2021

Govt optimistic of greylisting removal

Mbongeni Mguni | 10 September 2021

COVID-19 forces B&M to scale down output

Chakalisa Dube | 10 September 2021

BTCL revenues reach P1.4bn as mobile data traffic jumps 300%

Mbongeni Mguni | 08 September 2021

Top athlete faces betting probe

One of the country's top athletes might face the wrath of World Athletics' (WA) Integrity Unit over allegations of involvement in sports betting, which contravenes the rules of the game.

The granddaughter of the late Abdul Joseph, Dawn Masenya says she is still discussing with her attorney on the way forward since the Minister of Nationality, Immigration and Gender Affairs, Annah Mokgethi has failed to honour a court order.

SADC forces seize terrorists’ training base in Moz

SADC soldiers have captured a training camp used by insurgents in Cabo Delgado, Mozambique, rescuing three elderly women and seizing weapons as well as a vast cache of military training books, communication devices and videos.

Bakang loses bid to regain assets, P82m

Troubled entrepreneur, Bakang Seretse has lost his multi-million pula assets and P82m to the state after the Gaborone High Court ruled that the properties were proceeds of crime.

Connecting dots: Mphoeng believes the middle-class’ apathy is to blame for some of the country’s troubles

Middle-class to blame for Covid mess

One day…. not today… one day… you my friends reading this have to acknowledge how you yourself failed this country. You see, we the 'middle class' are the main reasons for Botswana’s stagnation and regression in the past 20 years.

Seretse resurfaces as UB Chancellor

The former National Coordinator of the ruling Botswana Democratic Party (BDP) 2019 election campaign, Ambassador Tebelelo Mazile Seretse has been appointed as the Chancellor of the University of Botswana ((UB).

The people’s deferred, shattered dreams

The people’s dreams, hopes and aspirations of a better and prosperous future under President Mokgweetsi Masisi have been either deferred or shattered. All trust is gone.

A Call For Government To Save Jobs

The minister further shared that from the 320 businesses that notified the Commissioner of Labour about their plans to retrench, 20 were acceded to, which resulted in 204 workers being retrenched during April 2020 and July 2021.The retrenchments were carried out while the SoE was in place, meaning the companies that succeeded must have had solid reasons, despite the strict SOE regulations imposed on businesses to not retrench. We are left with...

The Monitor Editor | 20 September 2021

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