In its heydays, De Beers, which is responsible for discovering 40% of all the planet’s known diamond-bearing rocks in history, was exploring in 20 countries, spending $100 million annually. However, in recent years, it trimmed its search down to...
Speaking at the Glen Valley Horticulture Incubator graduation ceremony on Tuesday, LEA acting CEO Godfrey Molefe said the programme would explore the economic potential of industrial hemp whilst building on the success of LEA’s existing...
The deal, signed in August 2022, has been a game-changer for the state-owned enterprise, contributing significantly to its record revenue of P2.6 billion in the 2022–2023 financial year, an increase from the P570 million achieved in the previous...
The profits were more than 1,700% above the P3.7 million recorded by BSB in the half year ended September 2023.In a commentary accompanying results which were posted to the Botswana Stock Exchange (BSE) this week, directors attributed the profit...
The groundbreaking programme, established in November 2020, continues to inspire and empower young minds across Botswana by introducing them to the vast opportunities in Science, Technology, Engineering, Arts, Mathematics, and Entrepreneurship...
The country’s oldest commercial bank has this year continued the robust performance seen in 2023 when its share price jumped 85%, second only to leisure tourism group Chobe Holdings, whose share price jumped nearly 88%. This year,Stanchart’s...
During the reporting period, profits for the listed company jumped from P71 million to P112 million, which was attributed to effective cost reduction measures and the expansion of mobile money services. In a financial statement issued on the Botswana...
Kago Kadisa is the innovative mind behind Frokane Investments, the company that is at the forefront of leveraging technology to enhance convenience and safety of homes and offices. The company, which was established in 2011, now offers a...
According to the parastatal’s latest financial results, it recorded a significant drop in profits after tax, down by P19 million to P10 million during the six months. The decline marked a stark decrease from the P29 million recorded during the same...
The Minister of Water and Human Settlement, Onneetse Ramogapi, last week announced plans that are aimed at creating jobs and delivering affordable homes, with a focus on fostering long-term socio-economic benefits for the citizenry. At the heart of...
Directors at the funeral service provider recently told stakeholders that it wants to grow its top and bottom lines, through the amassing of regional new business in an attempt to grow shareholder value. FSG CEO, Fergus Ferguson, said the company is...
Under the updated Non-Bank Financial Institutions Regulatory Authority (NBFIRA) Pension Fund Rules, local pension funds are required to gradually increase the proportion of assets they hold domestically to 50% in the years to December 2027.According...
This initiative comes after President Duma Boko announced plans to legalise and regulate the hemp industry. The announcement has sparked excitement amongst stakeholders eager to tap into the vast potential of hemp production and...
This growth, as highlighted in the Non-Bank Financial Institutions Regulatory Authority (NBFIRA) 2023–2024 annual report, was primarily driven by improved investment returns influenced by robust equity markets and offshore investments.The report...
Turnstar, listed on the local bourse, has been pumping capital into the Tanzanian and Dubai markets investing in the retail property sector, seeking to make hay whilst it shines on other Eastern African markets.In an exclusive interview with...
CCA's latest annual report showed that the authority received and approved the largest notice of mergers and acquisitions from the real estate sector predominantly from asset managers who have mandates from the BPOPF.“In the period under...
Speaking at the FACETS diamond conference in Antwerp, Belgium on Tuesday, Cook said early indications were that retail demand for diamond jewellery was warmer than the diamond giant had expected this season.Traditionally for De Beers, the period...
Proparco is a development finance institution owned by the French Development Agency and private shareholders from across the globe.The £15 million deal is expected to support Letshego's quest to improve more lives with inclusive finance...
In his maiden State of the Nation Address (SONA) last week speech, President Duma Boko shared his vision of implementing the decade-old song of moving the economy away from dependence on diamonds. “Botswana’s reliance on diamond revenues has been...
According to the entity, whose responsibility is to prevent and redress anti-competitive practices in the economy, it incurred a net loss of P13 million for the year ended March 31, 2024 and as of this date, total liabilities exceeded total assets by...
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