The latest product is a payment solution by FNB that will allow for monetary payments and transactions to be credited to cell phone wallets and cards by users. Just like cheques, eWallet Pro allows account holders to send and pay debtors only that...
Initiated in May 2022, CEEP aims to boost Botswana's socio-economic development and foster robust service industries capable of serving both domestic mines and potentially exporting services in the future.Speaking at the PushaBw forum during the...
Officials at the government’s integrated investment and trade promotion authority said since the launch of the #PushaBW initiative they have seen local retail stores listing the local products.Speaking during the #PushaBW forum on the sidelines of...
In a statement, the organisers, Property267, said high profile speakers will showcase how their companies started as Botswana based businesses and grew to international strength.“Informative industry and economic insights will be presented by...
De Beers sells 90% of its production by value to an exclusive list of contract buyers known as sightholders, who are offered stones at 10 sales events or 'sights' held in Gaborone each year.The balance is sold via auction to more than 900...
Governments float foreign currency bonds in order to raise debt from global investors. Foreign currency bonds give governments protection against inflation and – for countries with high sovereign credit ratings such as Botswana – can represent...
Across the continent, government lead in the provision of healthcare to the public, often at subsidised rates, leaving a sliver of the market for the private sector. This, insurance sector experts say, inhibits the growth of the industry.For Sanlam...
This year, the expo also features the inaugural European Union-Botswana Business Forum.Officially launching the 17th edition of the showcase on Wednesday, President Mokgweetsi Masisi said the expo offers an opportunity for delegates to discuss issues...
In its Financial Access Survey released last Tuesday, the IMF said the number of mobile money accounts per 1,000 adults had grown from 1,115 in 2017 to 2,973 in 2022.The growth in mobile money usage is also clear in the value of mobile money...
The venture, named after her daughter Anisha Galetlale, operates out of Minestone but manufactures its products in Matshelagabedi. Galetlale, serving as the Managing Director of Coco Nisha hair products, told Business Monitor that she has been at the...
The Botswana Investment and Trade Centre (BITC) will host the 17th Edition of the Expo under the theme ‘AfCFTA as a springboard for improved Intra-Africa trade’ and a key feature of this year’s edition will be the business forum which starts on...
This was revealed by President Mokgweetsi Masisi when speaking at the 300MW Thermal Power Station groundbreaking ceremony held at the Jindal Capricorn Camp here on Thursday."We are currently reviewing the connection fees with an intention of...
The Union and mine management differed over a formula to be used for overtime at the mine.The BMWU had argued that the monthly calculation of how much overtime shift workers are entitled to, should be based on average working hours over two weeks and...
The development is a triumph for the BSE, which has been advocating for sustainability issuances and last year offered a 25% discount on listing fees for issuers.By listing its note programme, Absa Bank Botswana is now in a position to regularly...
Each financial year, the Finance ministry sets the tax agency a target for collections, based on economic conditions, policy initiatives such as an increase in rates and other considerations. This year, tax earnings are expected to contribute up to...
The DPF is the country’s second-largest pension fund after the Botswana Public Officers Pension Fund, and the largest covering the private sector.The DPF’s positive performance was driven by stronger economic growth, positive earnings outlook,...
Pheko, who has been a non-executive director at BTCL since 2018, was appointed interim chair last Tuesday to replace Boakgomo-Ntakhwana.Pheko was the founding CEO of the Botswana Communications Regulatory Authority (BOCRA), having led its...
The development comes five days after Lucara's new CEO, William Lamb, announced the termination of the miner's 10 year agreement with HB Antwerp under which the Belgian firm buys, polishes and sells Lucara's rough diamonds.In yet another...
The figures come as India – which cuts and polishes at least 80% of the world’s rough diamonds – announced on Wednesday that it is banning imports of the stones for two months in order to “better manage the balance between supply and...
For over five years the vendors have been resisting calls to relocate as they argue that other alternative spaces offered by the council are not suitable for their businesses.On the other hand, council authorities have argued that the land where the...