The announcement was made here by outgoing Afreximbank president, Professor Benedict Oramah, during the ongoing 4th edition of the IATF in Algiers, Algeria.“The Advisory Council has approved that Harare, Zimbabwe, be the new headquarters of an...
The company, trading under Phomolo Health (Pty) Ltd, is fully citizen-owned and was founded in 2018 by Dr. Matlhogonolo Mongwa-Mouwane.Since its establishment, its operations have since grown to include four medical clinics, three retail pharmacies,...
Concerns are growing that preferential access for foreign players could affect local beneficiation and long-term control of national resources. Botswana has made a bold pivot in its trade strategy, offering the United States early access to its...
The signing ceremony was held during the Sub-Sovereign Business Engagement session on the sidelines of the ongoing Intra-African Trade Fair 2025 (IATF2025) in Algiers, Algeria. The agreement was formalised by Afreximbank President and Chairman of the...
At the time of the original 2025–2026 budget speech in February, government expected revenues to reach P75.5 billion, with minerals contributing P15.8 billion or about 21%. The budget was due to carry a deficit of P22.1 billion or 7.6 percent of...
Recently, the country’s largest diversified financial services group, Botswana Insurance Holdings Limited (BIHL), attributed the sustained trend of low insurance penetration levels to a rise in consumerist behaviours like betting and gambling....
The local financial market has been weighed down by a liquidity crisis since last year, mainly owing to reduced government spending amidst the prolonged downturn in diamonds.Private credit, meanwhile, which involves non-bank entities such as pension...
Speaking at the World Savings and Retail Banking Institute (WSBI) conference, Gaolathe said that whilst Botswana has long set its bold aspirations for economic transformation, the challenge has consistently been translating those ambitions into...
The Botswana Stock Exchange (BSE)-listed bank is now in the process of evaluating proposals from potential buyers — a move that marks one of the final steps in a divestiture first flagged in late 2024."The board wishes to inform the shareholders...
The listed BIHL, which is a diversified entity that owns Botswana Life Insurance Limited and Botswana Insurance Fund Management (BIFM), said some retail clients whose revenues are dependent on government contracts have struggled to keep up with...
IATF2025 is projected to generate trade and investment deals worth over $44 billion, further cementing its reputation as Africa’s premier business and trade marketplace.The Government of Algeria has rolled out extensive logistical and hospitality...
The Business Expectations Survey (BES) for the second quarter of this found that long-term expectations of the business environment are skewed to the downside, with the main worries fuelled by the government's limping revenues and spending.The...
Speaking at a media briefing on Tuesday, BVI CEO, Andrew Madeswi, said the ageing plant had become a significant operational challenge, both in terms of compliance and maintenance costs.“Our equipment is very old, and its parts are no longer...
When addressing the ongoing council meeting this week, TDC chair, Neo Sefume, said that with the challenge of scarce resources, there was need for the local authority to formulate a strategy for income-generation by forming its own investment...
Vice President Ndaba Gaolathe, who is also the Minister of Finance, is currently in Tokyo, where he sold the country’s ambitions to the Asian economic power. In an endeavour to navigate the country from reliance on diamonds, Botswana has invited...
President Duma Boko last week penned a sweeping $12 billion (about P160 billion) investment package from Qatar’s Al Mansour Holdings in a landmark investment deal for the government that will also assist in the much-needed job creation. The...
The company boasts a fleet of brand new Toyota GD6 Hilux vehicles, designed and equipped to handle Botswana’s rugged terrains whilst ensuring comfort and reliability.The founder’s inspiration came from a simple observation. Narrating his journey,...
The recently released Business Expectations Survey (BES) by the Bank of Botswana noted that expectations had remained the same as in the first quarter, with businesses expecting a downward movement of the economy beyond Q3. “Firms were optimistic...
The central bank now expects inflation next year to average 5.9 percent, up from the 4.6 percent forecast in June.Speaking at a briefing held after the August Monetary Policy Committee meeting last week, BoB governor, Cornelius Dekop, said the...
“We have been lobbying and discussing with our partners around the world on what is needed for differentiation. “As we were busy engaging partners, we also realised that our legal framework here needs a lot more tweaking to accommodate the...
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