Mmegi

BTCL pays record dividend to government

Job done: BTCL declared a mega-dividend to government this week
Job done: BTCL declared a mega-dividend to government this week

Botswana Telecommunications Corporation Limited (BTCL) handed over a record dividend payment of P130 million to government this week, which holds majority equity in the listed entity.

The handover represents part of the total P263 million payout to all shareholders, the highest since BTCL’s 2016 listing on the Botswana Stock Exchange. The BTCL recently unveiled results for the year ended March 31 2024 showing a 35% increase in pretax profits to P200 million.

Speaking at the dividend handover, BTCL board chairperson, Mokgethi Magapa, highlighted the company’s strong year, despite challenging economic conditions.

Editor's Comment
Don't let FMD outbreak drag on

Acting Agriculture Minister, Edwin Dikoloti, is right in saying opening an export-ready facility whilst Foot and Mouth Disease (FMD) is still spreading would risk getting the whole country blacklisted before a single carcass leaves the door.A ban like that would break the already stressed nation. So, the postponement, painful as it is, is the right thing to do. The local economy is being squeezed from both ends. FMD has already slammed the door...

Have a Story? Send Us a tip
arrow up