In a statement on Wednesday, BOCRA did not mention Starlink by name, but said it had taken note of a media statement concerning a licence application by a “certain global satellite operator”.The media reports, which broke out last week, claimed...
It was even problematic for net importers like Botswana, who rely heavily on imports from beverages to fuel and are reliant on established exporters like South Africa.However, the pandemic brought in business opportunities for a number of Batswana...
"As women, we have a responsibility to uplift and empower one another," she said. One way women can support each other, Masisi said, is to share information about the programme with others who may not yet be aware of its benefits. "By...
Presenting the 2024-25 budget speech to the National Assembly earlier today, the minister said government would seed the revolving fund with P200 million."The Chema Chema Fund with an initial capital injection of P200million is aimed at...
According to Serame’s proposals, the 2024-25 budget should see revenues of P93.6 billion set against expected expenditure of P102.3 billion – the highest spending ever proposed in a single budget in the country’s history. The figures point to a...
Interest rates represent the cost of borrowing money, expressed as a percentage of the amount borrowed. An interest rate is the phrase used to define the additional amount that a person or corporation borrowing money must return in addition to the...
As the country waits to hear the last budget before the elections in October this year, it is anticipated that this year’s figures will wow voters, especially as they comprise the balance of spending under the P64 billion Transitional National...
Highly placed sources told BusinessWeek that the deal, the largest in the country’s private sector, is on track to be finalised in the first half of the year, as originally anticipated by the parties involved.On Wednesday, the CCA confirmed the...
Statistics Botswana figures estimate that diamond exports in November dropped to P1.3 billion, from a revised P2.4 billion in October, pushing down overall exports from P3.9 billion to about P3 billion. Diamonds accounted for about 60% of exports in...
Preliminary receipts from the latest sales, held in Gaborone, were the highest since the seventh sales cycle last year, after which demand tightened even further, reaching COVID-era lows.Commenting on the latest sales cycle, De Beers’ CEO, Al Cook,...
However for Norma Asali Nlanda, a graduate of Economics and Public Administration from the University of Botswana, it was not to be case. Instead she chose to make a bold move to pursue entrepreneurship by establishing her own company, Asali Beauty,...
Absa Southern African economist, Ridle Marcus, last week revealed that inside forecast point to a tough year for Botswana’s economy with the main pressures coming from inflation facing commodities and a steep diamond price crunch.“The World Bank...
When presenting the financial results for the period ended October 29, 2023, Sefalana Group Finance Director, Mohamed Osman said this was largely contributed to their Namibian operations. "This business makes a significant contribution to...
Botswana and other African producers are unhappy over the G7’s plan which states that from September all polished diamonds should be routed through Antwerp for certification that the stones are not of Russian origin. A G7 team that was in the...
In its recently released annual report, the PPRA said negotiations between the three parastatals had been concluded, with the exchange of similar sized land. Land transfer processing and approvals for subdivision of the land were still underway as at...
The training programme is conducted in collaboration with the International Trade Centre (ITC) under the framework of the Botswana Exporter Development Programme (BEDP) and will feature modules such as “the Opportunity of Intra-African Trade,...
The bond was issued under the P2billion note programme Absa has listed on the BSE.Sustainable bonds also known as green bonds, provide investors with an avenue to support projects that have positive environmental and social impacts.Speaking during...
The project effectively connects Tlou’s planned generation to the national grid, enabling the Botswana Stock Exchange-listed company to supply the 10MW it has been engaged to do by the BPC to provide to the country.In an update to investors on...
In a market update this afternoon, Giyani officials said the company had secured $10 million (P136 million) in funding from ARCH Sustainable Resources Fund LP, a private equity fund focused on “strategic, long-term investments in natural resources...
In its latest Global Economic Prospects (GEP) report released last week, the World Bank’s researchers added ten basis points to their June 2023 forecast of Botswana's economic growth for the year 2024.At 4.1%, the projected growth is higher...