Formerly known as Tati Nickel, the base metal mining operation closed in 2016 during the global meltdown in the sector.Tati Nickel operated Phoenix and Selkirk mines prior to its closure.Canadian firm, NexMetals has snapped up Selkirk while Global...
Austrian investor, Cevdet Caner, and his investment firm, NIU Invest SE, have pledged to invest $200 million (P2.7bn) over a 10-year period to bring Phoenix Mine at Tataki back to profitable operations, creating more than 3,000 direct and indirect...
FNBB is comfortably the country’s biggest bank by all metrics, boasting a customer base of more than 700,000 and a loan book of P20.6 billion as at June 2025. For the year to June, FNBB’s pretax profits rose six percent to P1.9 billion, defying...
Listed companies are expected to begin reporting their interim and full-year results this month, and already, several major counters have announced that they expect lower returns. Absa Bank Botswana expects its pretax profits to be down by as much as...
The fourth edition of the Intra-African Trade Fair (IATF) wraps up this week with the continent’s leaders discussing the way forward in using trade to power growth in Africa.The goal is to build resilience, safeguard collective interests, and...
Latest numbers from local data agency, Statistics Botswana, show that from July last year to March of this year, the prices of diamonds, soda ash, and coal have been on a freefall, with local miners getting less and less value for their minerals in...
The recognition came during a special innovation competition held on the sidelines of the ongoing Intra-African Trade Fair (IATF) in Algiers, Algeria.Nubian Seed is a local brand known for producing natural cosmetics and personal care products,...
This was the central theme at the Absa Green Energy Roundtable last Thursday, where experts, policymakers and financiers reflected on the gap between potential and actual capacity.Speaking at the forum, Absa Bank Botswana Managing Director, Keabetswe...
A statement from the AIA said Kesitilwe’s appointment came after a rigorous selection process.The Alliance – founded by betPawa, Betway, 888Africa and Sportybet – was established to promote a responsible, well-regulated online betting and...
Technocrats at the Ministry of Environment and Tourism have revealed that they are wary of the European Union’s plans to heavily tax commodities from carbon gas-emitting countries, which could affect the country’s trade. Thus, the country is...
When updating the recent Selebi-Phikwe full council, Mosepele said that BUAN wants to work with the town through various initiatives to rejuvenate Selebi-Phikwe."The town’s economic transformation strategy post-BCL requires institutions like BUAN...
The announcement was made here by outgoing Afreximbank president, Professor Benedict Oramah, during the ongoing 4th edition of the IATF in Algiers, Algeria.“The Advisory Council has approved that Harare, Zimbabwe, be the new headquarters of an...
The company, trading under Phomolo Health (Pty) Ltd, is fully citizen-owned and was founded in 2018 by Dr. Matlhogonolo Mongwa-Mouwane.Since its establishment, its operations have since grown to include four medical clinics, three retail pharmacies,...
Concerns are growing that preferential access for foreign players could affect local beneficiation and long-term control of national resources. Botswana has made a bold pivot in its trade strategy, offering the United States early access to its...
The signing ceremony was held during the Sub-Sovereign Business Engagement session on the sidelines of the ongoing Intra-African Trade Fair 2025 (IATF2025) in Algiers, Algeria. The agreement was formalised by Afreximbank President and Chairman of the...
At the time of the original 2025–2026 budget speech in February, government expected revenues to reach P75.5 billion, with minerals contributing P15.8 billion or about 21%. The budget was due to carry a deficit of P22.1 billion or 7.6 percent of...
Recently, the country’s largest diversified financial services group, Botswana Insurance Holdings Limited (BIHL), attributed the sustained trend of low insurance penetration levels to a rise in consumerist behaviours like betting and gambling....
The local financial market has been weighed down by a liquidity crisis since last year, mainly owing to reduced government spending amidst the prolonged downturn in diamonds.Private credit, meanwhile, which involves non-bank entities such as pension...
Speaking at the World Savings and Retail Banking Institute (WSBI) conference, Gaolathe said that whilst Botswana has long set its bold aspirations for economic transformation, the challenge has consistently been translating those ambitions into...
The Botswana Stock Exchange (BSE)-listed bank is now in the process of evaluating proposals from potential buyers — a move that marks one of the final steps in a divestiture first flagged in late 2024."The board wishes to inform the shareholders...
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