The move forms part of Beijing’s broader effort to strengthen economic ties with Africa and increase the continent’s share of exports to China.The zero-tariff arrangement will allow a wide range of goods originating from Botswana and other...
The global natural diamond industry met in Las Vegas and New York last week, with players agreeing that provenance as well as highlighting the ethical, sustainable, and developmental role of natural diamonds, is key to their recovery from a nearly...
The latest developments come after a tense 2024 in which RDC launched a hostile takeover bid for PrimeTime, sparking complaints to the BSE which instituted a probe into the matter last October. A hostile takeover, a rarity in the local market, occurs...
The prolonged decline in diamond receipts, coupled with steady imports and the lack of other strong foreign currency earners, has meant a slide in the reserves over the months.In January, the Bank of Botswana (BoB) increased the trading margin used...
Despite their persistent efforts to curb the influence of inDrive, a leading mobile taxi platform, two additional major players have recently launched operations, further sidelining traditional taxi operators and deepening industry woes.Over the last...
As a result, project sponsors leave offices of the development finance institution disappointed that they did not get funding to take their concepts off the ground. However, there are several others who the agency was able to believe in their ideas...
In response, the company is implementing a series of targeted interventions to safeguard long-term business sustainability and enhance operational resilience. To align operational costs with the prevailing revenue outlook, Debswana will implement...
Most recently, interest has been reported from Indian mining billionaire, Anil Agarwal, along with Qatar’s sovereign wealth funds, as global investors take notice of a rare opportunity to acquire one of the world’s most storied names in luxury...
The move comes as the global diamond industry faces mounting regulatory pressure—particularly from G7 countries—to provide verifiable proof of origin amidst ongoing sanctions on Russian diamonds and growing scrutiny of supply chains. ODC’s...
The insurer also outlined its strategic direction following the deal. Speaking at a media briefing, Hollard’s managing director, Jane Tselayakgosi said the integration marks the beginning of a unified approach focused on operational efficiency,...
The latest forecast comes as Finance ministry technocrats prepare the country’s inaugural mid-term budget, which will provide a half-year revision of the estimates provided in the February budget.In a week in which the country was shaken by more...
Non-mining GDP held the fort last year as the only growing sector of the economy, containing a contraction of economic output to negative three percent, which could have been worse if non-mining GDP did not grow at by four percent.Prominent economist...
The move is part of LLR's ongoing strategy to diversify and strengthen its property portfolio across Botswana.This week, the company, which is listed on the Botswana Stock Exchange (BSE), released a statement informing its unitholders and...
Under its own statutory rules, government constrains its debt to 20% of GDP for domestic funding and 20% of GDP for external funding.However, government, through the Bank of Botswana, has been on a flurry of debt raising activities in recent months,...
Marking five transformative years, this year’s 3-For-3 campaign reflects a renewed commitment to impactful service, collective purpose, and nationwide reach. Projects under this year’s programme include school refurbishments, health education...
Debswana intends to reach carbon neutrality at its operations by 2030 and the adoption of renewable energy forms a major component of this effort. The diamond group presently consumes 410MW of electricity and is engaged in various efforts to convert...
Speaking at the Botswana Bureau of Standards’ (BOBS) ISO/IEC accreditation handing over ceremony last week, Trade and Entrepreneurship minister, Tiroeoane Ntsima, also reaffirmed the country’s commitment to building a globally competitive...
The division, which hosts Fairs, Exhibitions and Events at its Ditshupo Hall venue in Gaborone, made P30.4 million in sales but ended with a gross profit of P13 million, which was ultimately swallowed by high operating expenses of P19.5 million....
Officials said the facility, which is dedicated to assembling electric SUVs and buses, was completed in April and has already produced 68 vehicles. Accounting Officer, Kgakgamatso Ketshabang, told the Committee last week the plant has assembled 35...
However, despite the 17.6% growth in top-line performance, Chobe’s operating profit declined, squeezed by rising operational costs that weighed on margins. Revenue gains were tempered by a decline in operating profit, driven by elevated operating...
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