Founding family custodian Clinton Van Vuuren and South African private-equity vehicle Chroma Capital 2 are selling 1.372 billion existing shares at P1 each, representing 49% of the company. The public offer opened on September 11.Unlike a...
On Tuesday, executives unveiled the Atlega strategy, covering the period 2026 to 2029, vowing to take bolder actions to achieve the corporation’s mandate.The BPC last enjoyed a profit in the 2018–2019 financial year and has become increasingly...
NDP 12 has laid a robust framework for our medium-term national aspirations, promoting inclusive growth, sustainability, and diversification of our economy. Coupled with the BETP, which seeks to drive economic transformation through strategic...
During the reporting period, the group's total income grew by 14% to P1.3 billion, reflecting growth across the bank’s core business segments, although business banking performance remained comparatively subdued.Presenting the bank's...
In 2025, however, commercial banks’ collective profits broke a four-year streak of growth, declining by about nine percent to P3.79 billion, as they were impacted by broader economic pressures that raised their funding costs as well as bad debt...
The latest inflation levels represent a softening in the rate of price increases, following the jump to double figures a few months ago due to fuel prices and the war in Iran. Statistics Botswana figures indicate that indices tracking most goods and...
S&P Global Ratings last week affirmed the country’s long-term sovereign rating at BBB-, the lowest rung of investment grade, together with its A-3 short-term rating. However, the agency maintained a negative outlook, keeping Botswana on notice that...
The authority said its conditions are intended to safeguard employment, protect independent dealer and franchise arrangements, and promote citizen economic empowerment.As part of the conditions attached to the approval, Ajantha, which holds a 75%...
The gathering brought together industry leaders and key stakeholders to unpack emerging economic trends and opportunities shaping Botswana’s economic landscape and the future of business. During the session, Permanent Secretary in the Ministry of...
The move will allow customers receiving money through eWallet to transfer the funds directly into platforms such as Orange Money, Mascom’s MyZaka, and BTC’s Smega, breaking down the walls that have traditionally kept funds within individual...
The group’s local entry is a BITC-accredited and facilitated project, and it comes with scale to match the ambition: a memorandum of understanding worth an estimated $4 billion, aimed at growing Botswana’s renewable energy capacity to nearly 5...
Morgan Nzwere, CEO of the Botswana Stock Exchange-listed company, said Seed Co had started the financial year on a positive footing, with revenue for the first four months of the year about 30% ahead of the corresponding period last year. He...
Speaking at Stanbic Bank’s Thought Leadership Session on Competitiveness in a Challenging Economic Environment, Joel Ramaphoi said the procurement-led growth model that has characterised Botswana’s economy for decades had reached its natural...
The two ratings agencies conduct assessments on the country’s sovereign debt in March and September each year. The assessments earlier this year resulted in S&P’s lowering the country’s sovereign credit ratings, whilst Moody's downgraded...
The two ratings agencies conduct assessments on the country’s sovereign debt in March and September each year. The assessments earlier this year resulted in S&P’s lowering the country’s sovereign credit ratings, whilst Moody's downgraded...
Bank of Botswana figures released recently indicate that from the record high in January, the arrears owed to commercial banks slowly declined, helped in part by lower credit output by the banks.Outstanding loans by commercial banks were measured at...
According to a statement from Fairground Holdings, Gabaraane’s tenure focused on advancing the organisation’s mandate in Botswana’s Meetings, Incentives, Conferences and Exhibitions (MICE) sector through collaboration, strategic partnerships,...
As the country’s largest beneficiary fund, the AFBF supports beneficiaries, particularly children and vulnerable dependants, following the death of a fund member. Hence its officials have called for greater national awareness on beneficiary...
In a cautionary announcement issued on the bourse, the bank said profit before tax for the six months ended June is expected to increase by between 10% and 20%, representing a rise of between P41 million and P83 million from the corresponding period...
The award means the agriculture-focused financier has now commenced its Sustainability Certification journey under the Sustainability Standards and Certification Initiative (SSCI). Officials said the certification process is aligned with the Bank’s...
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