Government spending in the economy through issuance of government purchase orders (GPO) and procurement of goods and services from the private sector remains constricted as government tightens its belt in the wake of declining revenues.Unveiling its...
The country’s official foreign reserves, managed by the BoB, fell P18.4 billion between March 2024 and March 2025, triggering concerns about the country’s ability to pay for its imports whilst also fuelling growing anxiety about the value of the...
The announcement was made this week during an award ceremony held at the BSE training room in Gaborone.Speaking at the event, Kealeboga Phoi, the chief finance and value management officer at Stanbic Bank Botswana, emphasised the value of practical...
Whilst the company’s parent group, Letshego Africa Holdings, is a regular participant in the capital market, the upcoming issuance will be the first by Letshego Botswana, the group’s home base and one of its most profitable units.Letshego...
Since government adjusted the Pula’s rate of crawl downwards and increased banks’ trading margins for foreign currency trade with the Bank of Botswana, several businesses have adjusted their prices by up to ten percent.The moves are expected to...
Figures released by Statistics Botswana this week, indicate that food and non-alcoholic beverages contributed 0.8 percentage points to the annual inflation rate in June, the same as the miscellaneous goods and services category. Alcoholic beverages...
The South African hospitality giant had planned to acquire Peermont Holdings, the majority owner of Grand Palm Hotel and Gaborone International Convention Centre (GICC), in a deal initially valued at R7.3 billion before deductions.Peermont Holdings...
The digitalisation project, which has been in the pipeline for several years, is earmarked to launch soon with the official target having been set for the second quarter of 2025. The move comes as government seeks to curb revenue leakages and delays...
The Thursday launch of the innovative offering in the competitive sector has been seen as a bold declaration by the bank on its commitment to innovation and supporting the growth of businesses in the digital economy.Absa Bank Botswana Business...
The national airline and Durban Tourism in December 2024 formalised a partnership that culminated in the launch of a flight in March 2025 to promote tourism between the two cities. Initially framed as a strategic move to unlock regional mobility, the...
Because of no readily available data on them, they end up not being used in dishes and as a result go rancid. However, one young Motswana has found use for some indigenous fruits in order to make good use of them. In 2022, from a rural part of...
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...
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