Business :: Mmegi Online

Friday, July 11, 2025

Pula adjusted to support exports, protect reserves

The Finance Ministry yesterday announced that the Pula’s rate of downward crawl will be increased to 2.76% over the next six months, from its current 1.51%, meaning the local currency will be allowed to fall gradually in daily changes amounting to 2.76% by December.

Mbongeni Mguni | 11 July 2025

Explaining changes: Masalila at Thursday evening's briefing PIC: FINANCE MINISTRY FACEBOOK

Flagship: Masa Centre is one of RDC’s most recognisable local assets PIC: PHATSIMO KAPENG

PrimeTime, RDC lock horns again on takeover bid

Listed property rivals, PrimeTime and RDC, have resumed their months-long battle over a hostile takeover, with the two boards trading allegations as investors consider the offer on the table from RDC ahead of its expiry next month.

Mbongeni Mguni | 11 July 2025

Shining star: The Mlimani asset is proving a revenue spinner for Turnstar

Tanzania lays Turnstar's golden egg

Botswana’s largest listed property company, Turnstar Holdings, has posted strong results, doubling down on its Tanzania assets for growth.

Lewanika Timothy | 11 July 2025

Full operations swing into gear at WestLife Insurance

WestLife Insurance has officially returned to full operations following the lifting of Statutory Management by the Non-Bank Financial Institutions Regulatory Authority (NBFIRA) this week.

Pauline Dikuelo | 11 July 2025

Itumeleng Malemenyane. PIC PHATSIMO KAPENG.

From dream to shelf: Malemenyane’s Chilli sauce business blossoms

Whilst many people’s dreams end up being fantasies, to others like Itumeleng Malemenyane, it was ‘dream come true’.

Pauline Dikuelo | 08 July 2025

'Botswana’s financial system interconnectedness raises alarm'

Spillover risks from the mining sector into Botswana’s financial system and the broader economy have triggered fresh warnings from the country’s Financial Stability Council (FSC), which says the increasing interconnectedness between financial and non-financial sectors could amplify systemic risks and threaten economic stability.

Lewanika Timothy | 08 July 2025

Stanbic’s initiatives bear fruit, as profit before tax rise

Local commercial bank, Stanbic Bank Botswana, says its profit before tax rose in last year’s financial year underpinned by a host of initiatives including investment in technology.

Pauline Dikuelo | 08 July 2025

Gaborone aerial block 7 PIC. BASHI KIKIA

Property financing in Gaborone crowded, risky – FSC

The Financial Stability Council (FSC) has raised fresh concerns over the growing concentration of real estate loans in the capital, Gaborone, warning that such “location risk” could pose vulnerabilities to the broader financial system, despite currently low default rates.

Lewanika Timothy | 08 July 2025

Rainy day: Pensioners' assets are once again on the rise PIC.KENNEDY RAMOKONE

Pension funds tick up to P149bn

The value of the country’s pension fund assets rose to P148.7 billion in April, following a drop to P145.9 billion in March, preliminary figures from the Bank of Botswana indicate.

Mbongeni Mguni | 09 July 2025

Big numbers: The BSB recorded triple digit growth in profits off a stronger loan book

BSB profits reach P76m

The Botswana Savings Bank (BSB) has posted 230% surge in net profit to P76.8 million for the year to March 2025, up from P23.3 million in the previous year.

Pauline Dikuelo | 04 July 2025

African payments platform launches new card

Mbongeni Mguni | 04 July 2025

PrimeTime rejects unsolicited bid from rival RDC

Pauline Dikuelo | 01 July 2025

MIT, BDIH launch startup accelerator

Lewanika Timothy | 01 July 2025

Reduced occupancies in business hotels hits Cresta’s topline

Pauline Dikuelo | 01 July 2025

Demand for data, broadband push BTC revenue up

Lewanika Timothy | 01 July 2025

Beans ‘spilt’ on Masisi, cronies

Everything that has a beginning has an end. This is borrowed from the biblical book of Ecclesiastes, Chapter 3, which aptly says, “There is a day for everything”. Writes Mmegi Staffer RYDER GABATHUSE

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

When the Umbrella for Democratic Change (UDC) was elected into office in October 2024, it assumed control of the Executive arm of government. However, nine months later, the new administration finds its reform ambitions entangled in the complex web of a public sector it did not create. The question now is whether wielding bureaucratic power alone is enough to remake a public sector when the engine of government suffers from inertia, asks Staffer, TIMOTHY LEWANIKA

Masisi and Khama used to be allies FILE PIC

Khama blames Masisi, Magosi for causing forensic audit

As the forensic audit team seeks to uncover corruption and identify responsible parties for legal action, former president Ian Khama has hinted that his successor, former president Mokgweetsi Masisi, and Director General (DG) of the Directorate on Intelligence and Security (DIS), Peter Magosi are the two main culprits who necessitated the audit.

Boko’s key appointments so far

As the BNF complains that key positions have not benefited their members, Mmegi looks at President Duma Boko’s key appointments so far as pressure mounts on him to reward loyal party diehards

Boko's P100 billion 'Butterfly' headache

On November 1, 2024, after years in opposition trenches, President Duma Boko finally assumed office amid widespread hope for change. But eight months into his new administration, Boko’s promise is being tested by the legacy of one of Botswana’s most damaging scandals: the P100 billion so-called ‘Butterfly’ case.

Pushing growth: The Finance Ministry believes its policies and spending are supportive of the broader economy’s recovery

Economy contracts again in Q1, but warming seen

The economy contracted by 0.3 percent in the first three months of the year, continuing its depressed performance seen in the prolonged diamond downturn, but signs of stability are emerging in key sectors.

Tension: Constituencies and wards have become battlegrounds, with reports suggesting that the scramble for control over lists of delegates PIC: MORERI SEJAKGOMO

Rising tensions as BNF delegate battles intensify

With just two weeks remaining before the Botswana National Front (BNF) holds its highly anticipated elective congress, the internal contest for delegate control is heating up, exposing underlying tensions within the party’s leadership.

No room for perjury

It seems some government accounting officers, sworn to tell "the truth, the whole truth, and nothing else but the truth" before Almighty God, may have deliberately lied during the committee’s vital work. If proven, this is not merely unprofessional; it is perjury, a serious criminal offence and it strikes at the very heart of responsible government.The PAC’s role is fundamental. After each financial year, it painstakingly examines how public...

The Monitor Editor | 08 July 2025

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