Business :: Mmegi Online

Tuesday, December 06, 2022

Fast-rising diamond producer, Lucara Diamond, expects its revenues for 2023 to range between $200 million and $230 million (P2.6 billion to about P3 billion), due largely to the contribution of higher value stones at its Karowe Mine.

Mbongeni Mguni | 06 December 2022

Shining bright: Lucara built Karowe Mine at a cost of $120 million in 2012. This year alone, the Canadian company expects revenues of $225. million from the Mine. Next year, revenues are due to rise to $230 million PIC: LUCARADIAMOND.COM

Organic Naturals takes bite of skincare pie

Skincare is one big pie that Organic Natural Skincare, a local manufacturer of skin products, is taking a bite of.

Larona Makhaiza | 05 December 2022

Francistown bus rank Place of opportunities

F/town rolls out informal sector strategy

FRANCISTOWN: The recently completed informal sector plan which is a brainchild of the Francistown City Council (FCC) will help address tension that has often characterised the relationship between the council and vendors.

Chakalisa Dube | 05 December 2022

Capital central: The Bank of Botswana holds monthly auctions of state-backed bonds and treasury bills to raise funding for government from the local capital market PIC: MORERI SEJAKGOMO

Yields stabilise as gov’t raises P1.3bn debt

Government’s costs of borrowing locally appeared to stabilise at its most recent round of fund-raising from the capital market where a further P1.3 billion was raised.

Mbongeni Mguni | 05 December 2022

Grassroots support: Formal and informal sector SMMEs are the bedrock of both jobs and the broader economy PIC: PHATSIMO KAPENG

SMMEs support 33% of jobs, study says

The country’s Small, Medium, and Micro Enterprises (SMME) contribute 14% to the Gross Domestic Product (GDP) and are responsible for about 33% of the country’s employment, a new study by the Local Enterprise Authority (LEA) indicates.

Pauline Dikuelo | 05 December 2022

Getting help: The new power station will complement Morupule B’s output as Morupule A is due to be decommissioned from 2027. PIC: MBONGENI MGUNI

Jindal wins race for gov’t’s last 300MW coal contract

Jindal Africa, the operator of the Mmamabula Energy Complex, has been named the preferred bidder to build a 300-megawatt coal-fired project which is expected to be the last fossil-fuel-powered electricity government will ever purchase.

Mbongeni Mguni | 05 December 2022

The Association of African Development and Finance Institutions (AADFI) CEOs board with the Minister of Entrepreneurship Karabo Gare during the just ended (AADFI) CEOs Forum in Botswana. The CEO's Forum atrtracted participants from the AADFI); the participants were mainly CEO's high ranking officials from members institutions of the above association and Government officials PIC: KENNEDY RAMOKONE

DFIs pivotal to meeting fiscal gaps

The role of direct foreign investment (DFI) which is to support governments through counter cynical measures including funding of COVID-19-related development projects has become more important than ever, says Minister of Entrepreneurship, Karabo Gare.

Pauline Dikuelo | 28 November 2022

Elephants with tourists PIC: THALEFANG CHARLES

BTTE's B2B forum attracts 140 int'l companies

Botswana Tourism Organisation (BTO) will be hosting the annual Botswana Travel and Tourism Expo (BTTE) from November 29 to December 2 where a total of 140 companies will descend upon Kasane.

Pauline Dikuelo | 28 November 2022

Absa announces 2022 hackathon winners

Absa Bank Botswana has announced the winners of the second Absa Hackathon and Incubation programme.

Pauline Dikuelo | 28 November 2022

Farmer ploughing with a tractor.PIC MORERI SEJAKGOMO

ISPAAD tractor owners in stalemate with gov’t

A stalemate has developed between government and tractor owners over the rates for ISPAAD mechanised services, with the deadlock threatening the success of the cropping season.

Pauline Dikuelo | 25 November 2022

Youth SME scoops P1.3m COP27 award

Pauline Dikuelo | 25 November 2022

World Bank to consider P1.9bn loan to gov’t

Mbongeni Mguni | 25 November 2022

DPF builds new boutique hotel in Jwaneng

Pauline Dikuelo | 23 November 2022

Botswana Life launches Access Bank partnership

Pauline Dikuelo | 22 November 2022

Afri Sunflower fills industry gap

Larona Makhaiza | 21 November 2022

BHC aims to mitigate P14.5m profit slump

Pauline Dikuelo | 21 November 2022

I was not paid—ATI on Cassper Nyovest gig

When South African rapper, Cassper Nyovest announced Botswana artists curated for his Fill Up Mmabatho Stadium Concert held over the weekend, local rapper ATI was set to hoist the blue, black, and white flag high.

Phodiso Baatweng was struck by lightining on Thursday

Lightning strike kills woman: Witchcraft or Mother Nature?

Within the half-hour the rain clouds gathered, lightning struck and she was dead.

Combi driver dies after row with ‘maphaeratane’

In road rage gone horribly wrong, a combi driver has died after days spent in an Intensive Care Unit (ICU) following head trauma.

Advanced plans underway to expand closed-in Gaborone

With Gaborone surrounded by villages such as Oodi, Gabane, Mogoditshane, and Tlokweng and the waiting list for residential plots at 21,400, government has revealed plans are at an advanced stage to expand the city boundary.

A1 Highway accident claims two lives

FRANCISTOWN: A ghastly motor accident has claimed the lives of two Zimbabwean men while six sustained various degrees of injuries along the A1 Highway.

Kgamane licks exit wounds

When he headed to Gaborone to hand over his resignation letter, Bammangwato regent, Kgosi Sediegeng Kgamane thought he would have at least three months to conclude the matter. He, however, was forced to leave office for good the following day by the Ministry of Local Government and Rural Development.

Chaos at Serowe Kgotla

Saturday was an eventful day for Serowe royal uncles and Bangwato tribe.

Urgent call: Stop the killing!

The previous week, we had an article about a police officer shooting his wife, and turning the gun on himself, whilst he died, his wife survived and is still in the hospital.Sadly that was not the only article we carried on intimate partner killings. There was the Francistown case, where a young woman allegedly stabbed her ‘former boyfriend’ and many others which were reported throughout the week.As all the reports were coming in, a Botswana...

The Monitor Editor | 05 December 2022

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ISPAAD tractor owners in stalemate with gov’t

Youth SME scoops P1.3m COP27 award

World Bank to consider P1.9bn loan to gov’t

DPF builds new boutique hotel in Jwaneng

Botswana Life launches Access Bank partnership

Afri Sunflower fills industry gap

BHC aims to mitigate P14.5m profit slump

I was not paid—ATI on Cassper Nyovest gig

Lightning strike kills woman: Witchcraft or Mother Nature?

Combi driver dies after row with ‘maphaeratane’

Advanced plans underway to expand closed-in Gaborone

A1 Highway accident claims two lives

Kgamane licks exit wounds

Chaos at Serowe Kgotla

Urgent call: Stop the killing!