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
A promising step for public schools, but...

For too long, the state of many public schools has been a source of shame. We have all seen the pictures and heard the stories of broken windows, unreliable water and electricity, topped by classrooms that are not fit for proper learning. The establishment of the Education Infrastructure and Management Company Ltd (EIMC) signals that authorities are finally ready to take this problem seriously. We must commend the government for this initiative....

Have a Story? Send Us a tip
arrow up