Mmegi is informed that the board members were told today of the decision. The parastatals are all within the Trade and Entrepreneurship ministry, which has the highest number of SOEs.Reached for comment, the Ministry’s new PS, Joel Ramaphoi,...
This follows the long-awaited major shake-up at State Owned Enterprises (SOE), a move accelerated by the Botswana Economic Transformation Programme (BETP).In a press statement released this morning the Ministry announced the appointment of Oteng...
Changes to the Retirement Fund Act in October 2022 have allowed different classes of pension fund members to encash greater amounts of their savings for loans, mortgages, and medical expenses or receive a cash payout of 50% of savings, rather than...
Through a statutory instrument, government will from August 1 restrict the importation of 50 kilogramme pre-packaged cement, as a way of boosting local production and the associated value chain.The country ‘consumes’ about 650,000 tonnes of...
In the lead-up to the event, the Botswana Investment and Trade Centre (BITC) has launched a call for projects, encouraging locals to submit their business ideas and investment pitches.On Tuesday, BITC Executive Director, Export Development and...
BoB initially included emerging markets in 2017 and according to the BoB’s Annual Report for 2024 released recently, the total the number of eligible global markets where the foreign exchange reserves can be invested, rose from 22 to 27.The new...
The country’s only indigenous bank enjoyed a strong 2024, recording its first ever profit in the first half of last year and ending the full year with pretax profits of P45.3 million, up from a loss of P28.2 million the prior year.Other counters in...
The capital note, launched in 2023, is designed to provide Letshego with greater flexibility in managing its debt portfolio and funding ongoing growth opportunities across its pan-African footprint. By accessing capital markets through the issuance...
Firms around the country have increased their prices following the downward revision of the pula and an increase in the costs commercial banks pay to access foreign currency from the central bank.Both the BoB and the Competition and Consumer...
The new offering, Yabotlhe Motor Lite Cover, is designed specifically for older and imported cars with the aim of providing accessible, cost-effective protection for a significant amount of the country’s motorists, many of whom rely on these...
Amid growing concerns from different economic agents, Finance Minister Ndaba Gaolathe told Parliament last week that recent adjustments to the way the pula is priced were triggered by growing concerns that the currency had become overvalued, placing...
The state-owned beef parastatal reports that its efforts to incentivise supplies are gathering momentum, with a 24% increase in the number of cattle provided during the month of June when compared to the same period in the prior year.“This is the...
Last week, during the official launch of the BETP, the government opened a four-week Call for Ideas inviting citizens to submit project and policy proposals that can drive inclusive and sustainable economic growth. The initiative is open to the...
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 10%.The moves are expected to be...
Typically, stock exchanges are viewed as bellwethers of the economy, as they are essentially a pick of the major firms in different sectors whose performance reflects general trends. The economy contracted by three percent last year due mainly to...
Addressing Parliament this afternoon, Gaolathe said there was clear evidence that commercial banks were maintaining uncompetitive trading margins and engaging in unreasonable pricing practices, despite the market's foreign exchange...
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...
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