According to the bank’s latest Annual Report, the country now has two fully-licensed Virtual Asset Service Providers, being Yellow Card and Express Minds, operating legally under the Virtual Asset Act of 2022. These companies are authorised to...
With households grappling with subdued incomes and in spite of a housing shortage, mortgages have taken a knock and remain unchanged whilst the rest of Southern Africa residential lending market remains bullish.According to a report by the Financial...
The move is intended to support the export competitiveness of domestic producers and follows an assessment that inflation in the country will be higher than in the trading countries whose currencies are used to weigh the value of the Pula.“The...
RDC is aiming at securing at least 40% equity in PrimeTime and recently opened a direct offer to shareholders, a move categorised as a 'hostile takeover' as the offer is being made directly to shareholders rather than via board approval.The...
The Dar es Salaam property, now firmly established as Turnstar’s largest revenue contributor, not only boosted the group’s profits but also reaffirmed the east African country’s role as the cornerstone of Turnstar’s future growth strategy.In...
The exit follows an extensive restructuring process and the implementation of a strengthened governance framework, aimed at enhancing the company’s long-term sustainability and accountability.A key component of the recovery has been a substantial...
What the local serial entrepreneur dreamt of one night in 2023 became a reality that led her to starting a chilli sauce business. She is steadily building a household name with her product which has been well received in the market. What started as a...
The FSC has sounded the alarm on growing vulnerabilities within the country’s financial system, highlighting how deepening ties between financial institutions and non-financial sectors, especially mining could elevate economic shocks to the upside....
According to the bank’s 2024 annual report, PBT or profitability before the deduction of income tax expenses, stood at P950 million, representing a 43.7% increase from P661 million reported in 2023. It attributed the strong financial performance to...
In its latest review, the FSC noted that commercial real estate (CRE) credit in the country shrank slightly over the past year, falling from P6.1 billion in February 2024 to P5.8 billion in February 2025, making up 6.7 percent of total loans issued...
At their prior level in March, the pension fund assets were at their softest position in 11 months.While the central bank is quantitative and does not report the reasons behind the movements in the values of pension fund assets, it is known that...
According to figures published by Statistics Botswana this week, the 0.3 percent drop in economic value added in the first quarter, compares to a contraction of 5.2 percent for the corresponding period last year.In terms of sectors, while key areas...
The local economy contracted by three percent last year, with the diamond downturn squeezing government revenues and triggering structural liquidity in the financial sector, a situation that has seen banks increasing their lending rates.However,...
The growth was largely attributed to a robust expansion in the asset base and a significant P24.4 million contribution from BSB Insurance Services to the Group’s overall performance.According to group executives, a recalibrated sales strategy...
The Pan-African Payment and Settlement System (PAPSS) is a centralised platform that enables participating African countries and their currencies to make payments across the continent’s borders, without the added costs of conversion to hard...
He made the plea during a thought-provoking session held at the Botswana Digital and Innovation Hub (BDIH) last week. Selolwane, who was addressing a room full of emerging business leaders during the Botswana Stage Programme, urged entrepreneurs to...
The move comes as more than 38% of PrimeTime unitholders had already provided irrevocable undertakings to reject the offer, signalling strong investor resistance to the proposed transaction. RDC, the Botswana Stock Exchange-listed diversified...
The programme aims to fast‑track 31 locally-owned small, micro, and medium enterprises (SMME).Anchored by MIT’s Kuo Sharper Innovation Centre, the initiative began with a three‑day bootcamp at BDIH’s headquarters, signalling Botswana’s...
Over two decades, the Maun-based outlet has drawn repeatedly on Citizen Entrepreneurial Development Agency (CEDA) funding to grow, adapt, and ultimately fortify its service to the local community. The company’s inaugural CEDA loan of P350,000...
The company’s 2024 annual report showed that it recorded revenue of P384.7 million for the year under review, reflecting a year-on-year decline of P15.5 million or four percent compared to 2023. It blamed the decline to reduced occupancies in the...
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