Local banks’ collective profits have broken historic records in two of the three years since the pandemic year of 2020, defying COVID-19 impacts and downturns in the economy. Nearly all entities in the sector are digitising and boosting their...
The initiative, dubbed Post4Health, aims to improve healthcare access through timely delivery of health supplies through specialised cold chain transportation. The value proposition of the service aims at enhancing cold logistics with newly...
Currently, MRI is owned by Botswana Medical Aid (Bomaid), the Motor Vehicle Accident Fund, and individuals. Bomaid, through its investment arm, Southview, holds the majority stake of MRI at 94%, whilst MVA Fund owns four percent and the individual...
He was deliberating at last week’s Mining Indaba in South Africa, under the topic, “For the people and prosperity-making beneficiation work for all”. “Mineral beneficiation policies are visible at the national level and not at the grass roots...
SBPs are key documents used in procurement that contain instructions and provisions to bidders and form the basis for expected offers or bids by providing the market with a clear idea of what is required by the procuring entity. Vice President and...
For the financial year 2024–2025, government had planned to spend a record P102.3 billion against revenues of P93.6 billion. The downturn in diamonds has meant that revenues have missed their forecasts by a wide mark, whilst the cutback in spending...
Last year’s performance is the worst since COVID-19 when sales dropped to P23.7 billion. However, in terms of percentage drop, the 46% fall in 2024 appears to be amongst the steepest on record.Debswana accounts for more than 95% of the country’s...
The negative expectations are mainly driven by dampened demand levels in international markets for commodities such as diamonds as well as geopolitical conflicts that have up-ticked the cost of inputs for enterprises.The central bank’s Business...
Both Marsh Botswana and Marsh Uganda are part of Marsh McLennan, the world’s leading insurance and risk group.In a statement, OLEA said the acquisition follows the two companies’ successful collaboration over the last five years and further...
The appointment of Mr Moseki is in accordance with the requirements of Section 13 of the Bank of Botswana Act, Cap 55:01 as read with Bank of Botswana (Amendment) Act, 2022, that empowers the President, in consultation with the Minister of Finance,...
This luxe greensward seven-star camp is set to position the area as one of the most exclusive and luxurious safari destinations in Africa, with a focus on providing guests with unparalleled comfort while maintaining a deep commitment to...
In a move that underscores its long-term commitment to the tourism sector, the group recently secured a 15-year lease renewal for the renowned Xugana Island Lodge from the Tawana Land Board. Additionally, discussions are at an advanced stage to...
This strategic expansion follows the successful opening of eight new stores during the recent review period, significantly enhancing the group’s market presence and share. The group's 26-week financial results outline that at the end of the...
Officials said the collaboration will provide critical data to businesses, policymakers, and stakeholders, and in the process ensure that economic decisions are backed by solid evidence and contributing to the country’s overall growth. “This...
United Chem, the brains behind local washing powder brand CHAM, shipped their product valued at P2.5 million to the lucrative regional market. The milestone, according to investment promotion agencies, does not only signal the growing demand for the...
Bank of Botswana (BoB) figures show that by November, the pension funds held total assets of P151.3 billion.Under the updated Non-Bank Financial Institutions Regulatory Authority (NBFIRA) Pension Fund Rules, local pension funds are required to...
The Public Investment Programme (PIP), which is the core of every National Development Plan (NDP) and which details the projects to be developed in each NDP, the expected cost and the source of funding, has for decades been funded solely by...
The event is designed to expand Massmart’s supplier network for its Builders Warehouse, Cash & Carry, Game, and Makro stores, with a focus on engaging manufacturers, assemblers, and growers based in Africa.According to Walmart’s Executive Vice...
Under government’s domestic note issuance programme, the BoB floats bonds and Treasury Bills each month to raise debt for government in the capital market. The programme’s ceiling was raised to P55 billion early last year after the previous P30...
The profits mark a seven percent increase from the P204.8 million recorded over the same period last year.According to results released this week, Botswana contributed the most at 67%, followed by Namibia at 27%, Lesotho at five percent, and Zambia...