The original 60MW plant, to be built between Selebi-Phikwe and Mmadinare by June 2024, was the largest renewable procurement signed off by government. Government and Scatec officials signed a binding 25-year Power Purchase Agreement (PPA) in August...
The facility, to be located along the Trans-Kalahari Highway a few kilometres from Gantsi, is meant to strengthen the security of fuel supply in the western part of the country. BOL officials revealed that while the international threshold for a...
In a notice to investors on the Botswana Stock Exchange (BSE) today, BTCL directors said Pheko would leave with effect from December 31. He has been a non-executive director in the corporation since 2018 and will also be leaving that position on...
The rate of change in prices has been on an upward movement since the advent of COVID-19 when supply chain channels were disrupted and since then countries like Botswana have arms up against the price monster.The central bank this month pegged...
Despite government’s efforts through policy interventions and ramped up funding opportunities, SMMEs growth and survival rates have been plummeting with many of them protracted to playing only in the informal sector.An evaluation of SMMEs...
Under changes to the Retirement Funds Act, local pension funds have until December 2027 to invest a minimum of 50% of their assets domestically, a figure that as at August translated to P16.3 billion being repatriated from offshore. Known formally as...
Briefing editors last week, MDCB executives said the investment firm currently had a P7 billion portfolio and was keen to add more assets as part of a strategy to grow the company into Botswana’s largest investor and a significant contributor to...
The central bank last week shaved interest rates by 25 basis points from 2.65 to 2.4 percent, a move that means borrowers on variable rate loans such as personal and credit card loans, will enjoy a decrease in their repayments. Consumers intending to...
Figures from the Ministry show that the surplus in the first quarter of the 2023-24 financial year, a period which covers the months between April and June, was powered largely by Southern African Customs Union (SACU) receipts and mineral...
In a notice to the Botswana Stock Exchange, the Corporation noted that the improved performance was powered by rental revenues, which rose by P30 million to P169 million. The rental revenues were in turn supported by a P29 million subsidy from...
Vula is a purified water bottle company operating in Selebi-Phikwe. Despite being a young company with operations that started in August this year, it has muscled its way into the market, asserting itself as a force to reckon with in purified water...
In an interview with Business Monitor on the sidelines of a bell ringing ceremony last week, United Capital chairperson, Chance Kabaghe said the company is exploring an equity raise on the BSE depending on whether the bond capital float proves to be...
Delivering the Authority’s annual report overview last week, CCA CEO, Tebelelo Pule said consumers in the country are at risk of unfair business practices that emanate from practices that are not in line with fair business. This, according to Pule,...
The feat has garnered attention not only within the industry but also from the highest office in the land, as Chobe Holdings’ Group Managing Director, MC Odumetse, recently showcased the eco-initiatives to President Mokgweetsi Masisi.During the...
By close of market on Wednesday, the DCI was up 15% in the year to date, led by counters such as Chobe Holdings (+88.6%), Standard Chartered Bank Botswana (+77.7%), Seedco (30%), Absa Botswana (22.1%) and First National Bank Botswana (21.7%).The last...
Interested bidders have until December 22 to submit their proposals for the project, which will be developed on a Public Private Partnership (PPP) model. According to the bidding note published recently by Botswana Oil, investors will be required to...
Under the agreement signed this week in Gaborone, the central bank will work hand in hand with Frontclear on drafting a money market diagnostic framework, a policy that will guide money market operations in the country.The local money market is a...
The authority is mandated to regulate all merger and acquisition activities taking place in Botswana, a responsibility that ensures that markets remain competitive and no firm assumes monopoly or undue market dominance in any sector.On Tuesday, the...
Prior to the record profits seen last year, the previous peak in banks’ after-tax profits was P2.02 billion in 2018. Bank of Botswana (BoB) figures released recently indicate that commercial banks are powering towards a fresh high this year, helped...
Earlier this year, the BMC was accredited to export beef to the UAE following negotiations that were conducted at the Expo. It was also revealed that plans are also underway to complete accreditation of the BMC Maun abattoir to also gain access to...