Engen�s profits grow despite low oil prices

Fuel company, Engen Botswana saw its net profits in the first half of the year grow significantly amid a gloomy economy and dwindling oil prices.

During the half-year period ended June 30, 2015, the Botswana Stock Exchange (BSE) listed petroleum firm recorded a 25 percent increase in gross profit to P148 million from P118 million in the same period last year.

Engen Botswana’s managing director, Chimweta Monga stated that the growth was mainly due to the increase in government-controlled industry margins in December 2014 and increased sales volumes.

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Mabogo dinku a thebana

According to both the acting director of Veterinary Services, Kobedi Segale and acting Lands and Agriculture minister, Edwin Dikoloti, the virus currently raging through the North-East mostly likely first entered the country during the festive season.From the “unprecedented” number of cases picked in testing last week, it is likely that cattle and other livestock could have been infected last year, without being reported.Animal health...

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