This draft will outline national priorities and projects to be funded from 2025 to 2030. Multi-year NDPs have traditionally provided the policy framework and national priorities guiding annual budget spending since Independence. The current two-year...
Last year, determined to find a solution, she embarked on a journey to create high-quality products that are not only effective but also safe for the whole family.That was when her company, House of Nalah, was born.The business is a budding...
According to Trans, the new project dubbed 3 Square Banner Stores, is aimed at empowering SMMEs and local entrepreneurs to thrive while equipping them with the necessary skills to improve their businesses. Head of Marketing and Communications at...
Last week ,during a financial wellness webinar, officials of the bank stressed the importance of right financial practice as a pre-requisite for farmers to benefit from Temo Letlotlo, which is a new arable farming programme that replaced ISPAAD. NDB...
The new deal comes after Lucara terminated a previous 10-year deal with HB last September citing 'a material breach of financial commitments'.A statement this morning from Lucara says the agreement covers stones larger than 10.8 carats.The...
By the last count, the country had 48 diamond cutting and polishing firms, most of which are clients of De Beers from whom they are under contract to purchase rough diamonds in 10 sales events each year.However, with diamond prices and demand...
According to the financials released via the Botswana Stock Exchange on Monday, the BDC fell into losses, from pretax profits of approximately P32 million in the year to June 2021.“The corporation was faced with adverse market forces which resulted...
In an interview with BusinessWeek, the CEO of the one-year old regulator, Tumelo Motsumi said that the Authority is aware of concerns about poor delivery of projects by contractors as well as the swelling number of projects that cannot be completed...
The deal unveiled on Monday was at least two works in its arrangement and represents the first sustainable-linked funding developed in the local market. Sustainable funding refers to financing linked to the borrower’s pursuit or attainment of...
The draft budget estimates are figures released annually by the Finance Ministry as part of the budget documents post the budget speech. The estimates outline both expenditure and revenue across government for the upcoming financial year and include...
The continuing and widespread theft of telecommunications infrastructure in Botswana is undermining the disrupting the supply of communication services to customers, BTC has previously lamented.Just last week, Zimbabwean duo, Thato Ngwenya and...
In an interview with BusinessMonitor, the game reserve manager, Henry Kangootui, said the business employs over 200 locals, of which 75 are permanent while the rest are casual workers and come in seasonally. He added that the Ngangane hotel employs...
Figures from the Ministry of Finance’s draft budget estimates published on Tuesday show that Air Botswana, the country’s troubled national airline, is scheduled to receive a bailout of P121 million in the 2024-2025 financial year. This follows an...
While Finance Minister Peggy Serame revealed on Monday that the HB deal was one of three strategic acquisitions government was budgeting for in the 2024–2025 financial year, she did not give specifics of the amounts involved.However, the draft...
These projects will be carried out in collaboration with Small, Micro and Medium Enterprises (SMME) in the country, said acting CEO Godfrey Molefe in a statement this week. These initiatives are part of LEA’s larger target of achieving a 17%...
Draft budget estimates released this week by the Finance ministry show that BURS has an even steeper mountain to climb in the new financial year which begins on April 1. According to the numbers, the BURS will be tasked with collecting P71.3 billion...
Delivering the Budget Speech this week, the Minister of Finance, Peggy Serame, revealed to have allocated the Education ministry P16.01 billion of which P15.54 billion was recurrent budget and a development budget of P472 million. Serame said the P16...
Serame’s address, in its many features, was composed like a jazz song, with a series of highs and lows, well-tuned to low-pitch notes that represent the economic perils the nation faces.At the beginning, the tempo was allegro and the speech sounded...
Keith Jefferis, one of the country’s most respected economists, says he has seen the situation around the record budget spending proposed this week, before.“I’ve seen this before in 1990 and the result was a lot of waste and a lot of...
Lettie Olesitse, 27“What I have noticed with us Batswana, is that there are certain sectors that we pay heed to.“For example let’s say there is a meeting about tourism at Riverwalk Mall, only a few will attend. It will be mostly those who are...