“The ministry is actively pursuing the development of offgrid solar PV solutions to provide electricity to remote areas that are currently not connected to the grid. This initiative will further increase renewable energy contribution to our energy...
The Orange Data Centre carries the Uptime Tier Certification (Tier 3), a classification system employed to standardise the reliability and availability of data centers worldwide internationally. The certification, granted by the globally recognised...
Lerala Mine, located in the Tswapong area, closed at the end of May 2017 after its Australian owner, Kimberly Diamonds, ran out of operational cash amidst weak sales. At least 130 workers lost their jobs, with a few others retained for care and...
BusinessWeek is informed that the mineworkers met with executive management this week in the aftermath of the $1.8 billion (P25.2 billion) deal sealed by MMG to take over the country’s largest copper producer.In a heated meeting that reportedly...
Although recognised for its importance in providing financial services like cash management, payment processing, and hedging structures to a diverse clientele of small and mid-sized enterprises to large corporations, the greater impact of corporate...
According to NBFIRA, complaints against brokers mainly stem from poor advisory services rendered to clients which leads to underinsurance of risks.Speaking at Botswana Life’s recent Broker Connect Conference, NBFIRA CEO, Oduetse Motshidisi said...
The auction held on November 24 is the fourth in a row where the central bank has been able to raise the target amount of debt it has been seeking for government. The latest trend is a sharp turnaround from the prolonged period of under-allotment...
Diamond exports as recorded by the data agency, fell to P2.4 billion in September, from P6.2 billion in August, underlining the sharp drop in both demand and prices for the precious stones seen this year.The country’s trade balance or the...
The deal is the biggest private sector acquisition to date in the local market and gives MMG access to a top-producing asset in the rich but underdeveloped Kalahari Copperbelt. The sale, which is expected to close in the first half of 2024, is...
The spirited entrepreneur is bent on creating a platform that sparks conversations on how agriculture in Botswana can be made better and he does this through a renowned farmers market that is hosted annually in Molepolole. The farmers market is a...
The launch of the campaign has seen local retailers increasing the number of local products on their shelves and also committing to engaging local producers on their listing requirements.Under the stewardship of BITC, the campaign has spurred local...
In their presentation of the budget statutory paper to Parliament members, officials disclosed that the expected high deficit for the 2024–2025 financial budget may lead to a reassessment of debt ceilings and an increased reliance on borrowing to...
The Competition and Consumer Authority (CCA), a government body overseeing anti-competitive practices, has expressed reservations about the merger, pointing out the dominant market share of the two companies in the country's energy...
She shared her journey in the world of design with BusinessMonitor. “It all started in high school when I did Design and Technology which I aced, and then proceeded to the senior school, and passed as well,” Diseko said. “I later enrolled for...
He told Members of Parliament that CEDA has foreclosed about 237 accounts valued at P175 million since the pandemic, with two from the hospitality sector valued at P25 million. As at March 31, 2020, before the onset of COVID-19, CEDA’s portfolio...
The company said for the quarter ending September, its sales picked to $56.9 million outperforming market expectations that diamond revenues will sink due to a subdued diamond market.A quarterly report released by the Canadian company noted that the...
The study looked at historical economic figures and the growth forecast going into the future, given the prevailing and forecast macroeconomic circumstances. The study was undertaken as part of a periodic obligation by the World Bank to member...
The latest edition of the BoB quarterly Business Expectations Survey (BES) indicates that confidence amongst firms has continued to improve compared to the previous survey that was done in the second quarter of this year.The survey highlighted that...
This was revealed by SEZA CEO, Lonely Mogara, at the sixth Mayor’s Forum in Nata on Wednesday. Mogara revealed that Parliament approved the declaration of Sowa Town as an SEZ in August 2019 and mandated the Authority to develop, manage and regulate...
The 11-year-old firm secured a P500 million private equity mandate from the Botswana Public Officers Pension Fund (BPOPF) in 2018 and has thus far invested half the capital in local entities such as the Funeral Services Group and the Minet...