In the 12 months to October, food inflation was measured at 6.5 percent down from 7.7 percent in September, representing the highest price increase for specific goods and services.According to figures released by Statistics Botswana on Wednesday, the...
As the world chatters a path towards digitising manual operations, local tech savvy entrepreneur, Kabelo Maverick, has been breaking ground with his company Digital Thread.Founded with the vision of being a company of the future, Digital Thread, has...
The call was made by President Mokgweetsi Masisi in his last week’s State of The Nation Address where he bemoaned that the repayment of loans is currently low. “For the sustainability of the fund, as well as for equity, I urge recipients of loans...
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.“Macro-economic challenges continue to affect the...
Presenting the State of the Nation Address on Monday, President Mokgweetsi Masisi said government will facilitate the establishment of a horticulture market.“The market will enhance self-reliance, access, competitiveness, and price stability, the...
Grit sold its 70.3 million shares, which represented 25.1% equity in Letlole, in four open market transactions on the Botswana Stock Exchange (BSE) between January and June. Each of the four transactions squeezed LLR’s share price down, from P3.48...
Live cattle sales had temporarily been opened up from October 2020 as a way of giving farmers alternative income streams outside of the Botswana Meat Commission (BMC), which has been the sole institution statutorily allowed to export beef products in...
On Wednesday, the minister told state television that government’s discussions with the banks were on issues such as risk, which have in the past prevented citizen entrepreneurs from accessing finance for capital-expansive sectors such as mining...
The deal was shrouded in doubt last month after Lucara terminated its own 10-year agreement with HB, citing “material breaches of financial commitments”. Prior to that, the Belgian diamond trader was shaken after one of its co-founding partners...
The duo’s company, which trades as Medical Devices Botswana, provides a diversified range of high quality pharmaceutical products that include anti-retroviral, anti-hypertensive, anti-diabetic and anti-biotic tablets and capsules. It was in 2016...
Speaking at the International Gaming Conference in Lagos, Nigeria recently, GA CEO Emolemo Kesitilwe, said the Gambling Authority (GA) seeks to integrate gaming into the educational system, with schools offering e-sports clubs, game development...
This makes the Middle East country the highest consumer of Botswana exports. Botswana, which is a mineral dependent economy, has diamonds and copper as her main exports, the two minerals which have been increasingly in strong demand in the Asian...
The BITC CEO, Olebile Keletsositse alongside his officials, visited several companies including the country’s largest wheat and maize milling company Bolux, Exelligent as well as Medical Devices Botswana. “The BITC plays a crucial role in...
To facilitate seamless execution of the scheme, the Botswana Agricultural Marketing Board (BAMB) has been tasked with the responsibility of collecting donations. At minimum, BAMB is required to keep 10,000 tonnes of sorghum, 10,000 tonnes of maize,...
On Tuesday, Bolux CEO, Christo Ellis told Botswana Investment Trade Centre (BITC) officials that the closure was largely because of stiff competition from imported pasta and declining profitability.The BITC is visiting some of its assisted companies...
The African Growth and Opportunities Act, more commonly known as AGOA, is a trade arrangement between the US and more than 30 sub-Saharan African countries, including Botswana. The agreement was established in 2000 and provides relaxed access to the...
The Mine was tasked with saving P3.5 billion this financial year, but its general manager, Koolatotse Koolatotse told journalists last week that at least P3.7 billion had been achieved by mid-year.“Jwaneng was allocated P3.5 billion in savings and...
Sedie, which is under Desert and Delta Safaris, a subsidiary of Chobe Holdings, has seen increasingly higher numbers of both local and international visitors, even exceeding pre-pandemic occupancies, Desert and Delta Safaris marketing coordinator,...
The nine month figures for this year are however still considerably higher than comparative figures before 2022, reflecting the generally stronger sales enjoyed by rough diamonds since last year.However, on a quarterly basis, the third quarter sales...
ODC Managing Director, Mmetla Masire, said the number at the recent auction was impressive as this was the first exclusive offer for citizens, despite the fact that no company managed to buy goods during the auction.“Local participation was...