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...
The April deficit is the eighth successive month of shortfalls in the country’s merchandise trade balance, the measure of exports and imports of goods. Statistics Botswana revised the March deficit to P363.7 million from an initial estimate of P2.5...
The event is designed to highlight mining-supported manufacturing ventures and provide a crucial networking platform for emerging entrepreneurs.Briefing journalists on Tuesday, BCM's CEO, Charles Siwawa, stressed that the summit’s focus is on...
Inspired by the haute couture concept, the business is not just about baking; it’s about making each creation a stylish statement. In an interview with BusinessMonitor, Couture Confections’ representative, Amogelang Modisane, said the company...
The initiative kicked off with a group of students from Naledi Senior Secondary School, marking the beginning of a nationwide effort to engage and mentor the next generation of leaders. The ‘Future Leader Day’ programme offers basic education...
The DPF is a defined contribution pension fund established in 1984 as a trust through a joint initiative between Debswana, Anglo American Corporation Botswana, and De Beers Prospecting Botswana with key investments in property, equity, bonds and...
FCB Botswana is part of the FMB Capital Holdings, a Malawi-born but Mauritius headquartered financial group with other operations in Malawi, Mozambique, Zambia and Zimbabwe.According to the results made available last week, FCB Botswana enjoyed a...
Phatshwane was addressing the media last Thursday after a tour of the mine. Botash is the largest producer of natural sodium products in Africa, currently producing soda ash and salt. The production capacity for soda ash is 300,000 tonnes per annum...
In a public notice last Friday that directors stressed was not an offer or an undertaking to make an offer, RDC Properties’ directors said the group was potentially looking at offering PrimeTime investors 0.6875 RDC units for every one PrimeTime...
Government’s bond programme, also known as the domestic note issuance programme, allows the BoB to raise debt from the local capital market on behalf of government, through the issuance of treasury bills and bonds.The programme, which was increased...
In a commentary accompanying the group’s recent results, directors said the financial year had begun with a lot of uncertainty regarding inflation and interest rates across the globe which negatively impacted investment markets. However, as the...
The Mercer 2024 Cost of Living Index ranked Gaborone number 215 in the list, suggesting the capital is amongst the cheapest in the world. The index is based on the dollar's cost of a basket of goods and services which include food, transport, and...
The BTCL, which has one of highest concentrations of retail investors on the BSE, previously reached today's high of P1.02 on December 16, 2019.In today's trade, 30,200 shares traded hands for a combined value of P30,804 over three...
A high powered team from the Cairo-headquartered bank spent days in the country two years ago hammering out the details of the proposed funding, which was intended to be spread out over three years.However, no firm ground could be found, with reports...
Growth narrowed to 2.7% last year from 5.5% in 2022, due largely to a downturn in diamond mining in the second half of 2023, as global uncertainties and market issues dampened the retail market.During a briefing on Tuesday, the Bank’s director of...
Botswana was ranked 55th out of 67 countries assessed, rising from the previous year’s position of 59. Botswana emerged above African titans such as South Africa, Nigeria and Ghana.Though similar to the World Economic Forum’s (WEF) more...
Launched to enhance Botswana’s export capacity, the Botswana Export Development Programme (BEDP) aims to equip local businesses and entrepreneurs with the skills and knowledge needed to compete effectively in international markets.The BEDP focuses...
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