The local property market has been a cash cow for investors, with property valuations growing year on year especially in the residential segment. This growth in valuations has given property owners more equity as they can now borrow against the...
ALC is divesting and paying back investors their funds after the investment reached the agreed-upon maturity point, as part of the private equity arrangement made in 2020.ALC runs a multimillion-pula mandate, powered by the Botswana Public Officers...
Since the announcement of the Zotus group’s plans, criticism has erupted over the planned financial scale of the project as well as the technicalities, such as a lack of water and infrastructure in the planned area.More serious doubts have been...
The inaugural flight landed at Sir Seretse Khama International Airport to a warm welcome from aviation officials, diplomats, and members of the business community.Speaking to journalists after the launch of the new services, SAA Group Chief Executive...
The BDC is amongst a handful of local parastatals which subscribe to global credit ratings agencies.In its latest update, Moody’s said the change to a negative outlook primarily reflects the government’s weakening capacity to support the BDC...
The Bank of Botswana’s Banking Supervision Report released recently, shows that of the nine commercial banks operating in the country, only three reduced staff, mainly as a result of increased automation and use of digital channels.The increase in...
The country’s apex bank last week adjusted the MoPR from 1.9 percent to 3.5 percent, in what it described as a “recalibration” meant to strengthen monetary policy and preserve the country’s foreign exchange reserves. “This policy decision...
The newly constituted Board at the government’s investment arm features a dynamic team of non-executive directors with diverse expertise across finance, governance, policy, investment, and transformation. The new appointees include Alice...
The call was made by a senior official of Debswana Diamond Company last week when officiating at the Banana Cub Economic Forum 2025, held under the theme, 'Inclusive Business Practices; Key Strategies For Growth'. Senior Manager – Cultural...
The three winners of the competition are PK Maxi Farms who scooped P350,000 for an innovative and community-impact initiative, while Mr. Solar secured second place and won P200,000. Phemo Aesthetics claimed P150,000 in third place.Visa officials said...
Director of External Affairs at MMG Khoemacau, Boikobo Paya, said the development marks a major step in Botswana’s ambitions to become a regional copper powerhouse. “This expansion will lift Khoemacau’s production to 130,000 tonnes of copper...
The last review, done on July 10, resulted in a faster depreciation of the pula, whilst changes to the central bank’s trading margins for foreign currency with banks kicked off economy-wide price hikes.Authorities said the measures were critically...
Presenting the manufacturing sector strategic vision for National Development Plan 12 (NDP12) this week, the Minister of Trade and Entrepreneurship, Tiroeaone Ntsima, said the implementation of the National E-Mobility (Electric Vehicle) Promotion...
Speaking at the bank’s inaugural Insights and Impact roundtable, Makhupe said that whilst the Botswana Economic Transformation Programme (BETP) held promise for transformation, there was a need for stop-gap strategies whilst its results were...
In a ceremony on Saturday in Cairo, Egypt, Elombi was formally inaugurated as Afreximbank’s fourth president, taking over from Professor Benedict Oramah. The investiture ceremony was witnessed by over 2,000 guests, including heads of state, former...
In a recent statement, the local bourse said trades in Minergy’s shares had been suspended from October 15 “pending finalisation of certain matters which, in the opinion of the company, warrant temporary suspension of trading in order to avoid...
Richard Bunning, CEO of GCR Group, which now manages Tataki Mine, recently told the media that the company is rebuilding operations from the ground up.“We are lucky to have inherited key individuals in the engineering department from the previous...
The multinational security group reported a loss of P14.3 million for the year ended December 2024, widening from P11.1 million in 2023. On the other hand, operating losses stood at P16.5 million, even as total revenue rose to P231.2 million,...
The 2024 Banking Supervision Report revealed that the market structure has remained largely unchanged, with the local banking’s “Big Four”, Absa Bank Botswana, First National Bank Botswana (FNBB), Standard Chartered Bank Botswana, and Stanbic...
The state-owned property company said in its latest financial results that gross profit increased by P71 million to P441.4 million, but the gross margin fell to 59.7%, down from 70.5% recorded in 2024. The parastatal’s numbers showed that the...
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