Bofinet posts P12m pretax profit

Tuesday, October 07, 2025 | 60 Views |

BoFiNet, the country’s wholesale telecoms infrastructure provider, has posted a pretax profit for the year ended March 31, 2024, an improvement from the loss it recorded in the previous year.

On the other hand, its total revenue grew marginally by one percent to P485 million, while operating profit nearly doubled, supported by cost containment measures and new project rollouts.

The parastatal recorded a pretax profit of P12 million during the reporting period, which was better than the P7 million loss it made in the full year 2023.

Already have an active account? Log in here.

Or Sign up and get unlimited access to premium articles.

Botswana- U.S health milestone celebrated

Johannes Kambai | 1d ago

Makgekgenene dismisses forced exit claims

Spira Tlhankane,Tsaone Basimanebotlhe | 1d ago

The night the dead tree sang again

Spira Tlhankane | 1d ago

GU reveal Tanzania ordeal: Coach punched, players attacked

Kabelo Boranabi | 1d ago

Botswana’s athletes enter the big-money era

Mqondisi Dube | 1d ago

Dinaledi chase World Cup qualification

Calistus Kolantsho | 1d ago

Gunners look to break hoodoo against Rollers

Boitumelo Khutsafalo | 1d ago

New Era bets on employability in new strategy

Larona Makhaiza | 2d ago

The Boko-led administration has to tread carefully

‘When you make peace withyourself, you make peace with the world’- Maha GhosanandaThis may come at a huge cost if not handled properly. What started off on Labour Day in Letlhakane this year, where Boko was in attendance when the militant lawyer-cum-trade unionist, Robert Rabasimane rebutted the President’s address in defence of the trade union has seemingly spiralled out of control. The issue is now creating a cat-and-mouse type of a...

Mmegi Editor | 11 September 2026

About us

Mmegi is the leading independent source of breaking news, latest news, current
affairs, Politics, Business, Sport, debates, analysis, and entertainment news in Botswana.