The numbers compare to volumes of 251,781 tonnes and P62.3 million in the fourth quarter of last year. The improvement bodes well for Botswana Railways, the national rail carrier which has struggled to break even or move into surplus for several...
Rather than a one day celebration, Debswana has chosen a three-month campaign for its 55th, which will be anchored on story-telling by employees and other stakeholders on how the diamond company has touched their lives.The anniversary’s theme is...
President Mokgweetsi Masisi and his counterparts from Zimbabwe and Mozambique last week signed an agreement to develop the long-awaited Ponto Techobanine port and railway project. The project, initially conceived at least 15 years ago with early cost...
Earlier this year, in its World Economic Outlook, the IMF had projected 3.6 percent growth for Botswana in 2024. Government at the time of the February budget speech projected a 4.2 percent expansion, but the Bank of Botswana recently said this would...
The revised contract, valued at approximately (Australian Dollars) AU$240 million (P2.1 billion), will now continue until June 30, 2025.Under the agreement, Barminco will continue to provide underground development, production, and mining support...
The energy storage system, a key project under government’s Integrated Resource Plan (IRP), will support the wave of renewable energy generation in the country, allowing “smooth integration” in the national grid.In a statement, the World Bank...
Statistics Botswana figures indicate that the annual rate of inflation was slightly softer in June owing to base effects particularly associated with transport.In the 12 months to June 2024, the single highest increase in average prices has been in...
Phatshwane was addressing the media recently. Zimbabwe, one of the world’s largest producers of lithium, has banned unprocessed export of the mineral that is highly sought-after globally for its use in the energy transition. The government there...
Directors say the move, which could involve P250.1 million for 217 million shares, would also be a signal to investors that Letshego has excess capital and is “therefore attractive to other investors that they should invest in Letshego”. This...
According to figures released recently by the Bank of Botswana, meat exports which primarily comprise beef, soared to P173.6 million in the first quarter of 2024, the highest quarterly outcome since 2019.Beef sector insiders told BusinessWeek that...
According to recently released Bank of Botswana data, various sectors of the economy, including households, owed commercial banks about P6.1 billion as at April 30. About P1.57 billion of this was classified as “specific provisions” which means...
A half-year trading report released by the bourse this week indicates that the market capitalisation of firms listed on the Domestic Companies Index (DCI) rose from P42.9 billion on June 30 last year, to P50.3 billion on June 30 this year.Average...
The Minister of Entrepreneurship, Karabo Gare, said at the launch last week that entrepreneurs are crucial contributors to the country’s GDP as they create jobs and strengthen value chains in vital sectors such as mining and agriculture....
This is true for Yoli Café, a distinguished name in the local food catering industry, which has carved a niche for itself in the competitive world of catering, offering a diverse range of culinary delights that cater to various events and occasions....
Metshelo are traditional savings schemes in which members contribute funds on a monthly basis and share the returns in cash or kind on an agreed date. Being unofficial, however, many such cooperatives have fallen through the cracks in commercial bank...
As at December 2023, Access Bank PLC held 78.15% equity in the local bank, a stake acquired through the purchase of ABC Holdings’ equity in early 2021. Over the two deals last week, Access reduced its direct shareholding in Access Bank Botswana...
A recession is economically defined as a sustained period of weak or negative growth in real GDP (output) that is accompanied by a significant rise in the unemployment rate. The most common definition of recession used in the media is a ‘technical...
Since at least 2020 when government dug deeply into the reserves to finance the COVID-19 budget response, the central bank has been advocating for a portion of the savings to be set aside or “ringfenced”. The Pula Fund, which houses the...
Botash, the key producer of natural sodium and related products in the Southern African region, is one of the most flourishing local companies and last year the company’s annual revenue exceeded P450 million.Phatshwane said that owing to the poor...
The tax season kicked off this week, with the BURS urging all eligible taxpayers to file their returns for the year which ended on June 30.However, poor compliance rates have dogged the individual tax filing period, with just 38,000 returns filed...