Despite having low debt levels compared to most African countries, Sanlam economists believe Botswana’s overreliance on diamonds reveals an urgent need for a wider tax base. Sanlam economist, Patrick Buthelezi, told BusinessWeek during a Business...
BMWU General Secretary Mbiganyi Gaekgotswe told BusinessWeek that progress has been slow in getting Leru off the ground.In 2022, BMWU launched Leru, a 100% citizen-backed firm under the ownership of Badirakhumo Investments, a joint venture between...
From January 2025, the country of origin will be expanded to rough diamonds above one carat in size.The announcement this week comes as De Beers and the natural diamond industry mount a festive season marketing campaign that is crucial to a...
Yesterday’s debate was the last kick for the presidential candidate’s Dr Mokgweetsi Masisi of BDP, Dumelang Saleshando of Botswana Congress Party (BCP), Duma Boko of the Umbrella for Democratic Change (UDC) and Mephato Reatile of Botswana...
The plant’s focus on retrofitting locally-owned vehicles into eco-friendly alternatives is not only revolutionising the automotive industry but also empowering Botswana to embrace the green revolution on its own terms. On Wednesday, BITRI...
Onalenna Keretswe : Tota rona ga re battle BDP go bua nnete. Masisi must fall ga a direla Batswana sepe gotlhelele. I do not care which party wins as long as it’s not BDP. This is the same party that whenever there is a Forbes event, they...
This week marked the birth of the Milk Afric Dairy Project now rebranded as Milk Valley Farm, a P70 million dairy project by the Botswana Development Corporation (BDC), that aims to transform Botswana’s reliance on imported milk into a thing of the...
BVI CEO Andrew Madeswi shared the institute’s ambitious plans in an interview with BusinessWeek, revealing that the study has shown the potential for producing human drugs and vaccines locally."We have completed the feasibility study about...
According to figures released by Statistics Botswana, Maun International Airport, which is the primary gateway to the country’s tourism heartland, saw a 66% increase in passenger volumes, while the other tourism airport, Kasane International,...
Through introducing stricter Pest Risk Analysis (PRA) requirements, the move has been interpreted as a cost-drowning exercise that will squeeze the head of “small economies” experts have revealed.South African researchers at the National...
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 earlier this year after the previous P30...
The BSE’s last Initial Public Offer (IPO) was in 2017 whilst the last listing was in 2018, a performance the exchange has been fighting to turn around over the years through various initiatives.In an update for the year to September 30, BSE...
The lower inflation was also helped by base effects as the September fuel price reduction was set against an increase in the same month last year which averaged P1.94, one of the steepest adjustments last year. The decrease this year and the increase...
Stanbic Bank Botswana CEO, Chose Modise, said there was a need for “more and better” collaboration between the various private sector players in the economy to realise the diversified growth that the country requires going forward. He was...
Thus far, the Finance ministry’s response to the steep downturn in revenues has been on the recurrent side, with restrained spending on travel, new fleet, computers as well as workshops and seminars. Development spending has been slowed to later in...
The central bank noted that BBS Bank’s conversion from a building society to a commercial bank marginally cut the gap between the Big Four and the rest of the market.The Banking Supervision Report, which provides an in-depth look into the local...
In the years since the signing of the bilateral agreement between Botswana and Namibia in 2014, seaborne coal prices have sharply declined as the world has moved towards cleaner energy sources.A feasibility study has never been done for the TKR and...
In the latest annual report, the group’s executives noted lower consumer spending, particularly around luxury items, as household incomes continued under pressureGroup Managing Director Chandra Chauhan stated that despite a bounce back in consumer...
Founded by Ndipo Gracious Chilume in Gaborone, the business offers a range of juices, smoothies, soups, and salads all made without preservatives or artificial ingredients. With health-consciousness on the rise, Ndigra Raw is carving out a niche in...
Government spent P112.3 million on Phase 1 of the Airport City SEZ, covering 100 hectares. The funds were spent on developing a 1.8km six lane dual carriageway, storm water drainage, primary water and sewer networks, electrical power reticulation,...