Directors at the funeral service provider recently told stakeholders that it wants to grow its top and bottom lines, through the amassing of regional new business in an attempt to grow shareholder value. FSG CEO, Fergus Ferguson, said the company is...
Under the updated Non-Bank Financial Institutions Regulatory Authority (NBFIRA) Pension Fund Rules, local pension funds are required to gradually increase the proportion of assets they hold domestically to 50% in the years to December 2027.According...
This initiative comes after President Duma Boko announced plans to legalise and regulate the hemp industry. The announcement has sparked excitement amongst stakeholders eager to tap into the vast potential of hemp production and...
This growth, as highlighted in the Non-Bank Financial Institutions Regulatory Authority (NBFIRA) 2023–2024 annual report, was primarily driven by improved investment returns influenced by robust equity markets and offshore investments.The report...
Turnstar, listed on the local bourse, has been pumping capital into the Tanzanian and Dubai markets investing in the retail property sector, seeking to make hay whilst it shines on other Eastern African markets.In an exclusive interview with...
CCA's latest annual report showed that the authority received and approved the largest notice of mergers and acquisitions from the real estate sector predominantly from asset managers who have mandates from the BPOPF.“In the period under...
Speaking at the FACETS diamond conference in Antwerp, Belgium on Tuesday, Cook said early indications were that retail demand for diamond jewellery was warmer than the diamond giant had expected this season.Traditionally for De Beers, the period...
Proparco is a development finance institution owned by the French Development Agency and private shareholders from across the globe.The £15 million deal is expected to support Letshego's quest to improve more lives with inclusive finance...
In his maiden State of the Nation Address (SONA) last week speech, President Duma Boko shared his vision of implementing the decade-old song of moving the economy away from dependence on diamonds. “Botswana’s reliance on diamond revenues has been...
According to the entity, whose responsibility is to prevent and redress anti-competitive practices in the economy, it incurred a net loss of P13 million for the year ended March 31, 2024 and as of this date, total liabilities exceeded total assets by...
Lesedi remains Tlou’s flagship initiative, aiming for its first power generation by mid-2025. Officials highlight its pivotal role in Botswana’s gas-to-power sector, driving forward the proposed 10MW gas-to-power project. Tlou signed a Power...
The two institutions signed a Memorandum of Agreement (MoA) solidifying a relationship aimed at academic enrichment and capacity building. Speaking at the event, BAC Executive Director, Serty Leburu, reflected on the growth of the institution since...
Starting on Wednesday, the high-profile event will bring together the continent’s leading financial minds to strategise, collaborate, and discuss the dynamic evolution of African capital markets.Recognised as the premier forum for African capital...
NBFIRA regulates the activities of the insurance sector, non-bank lenders such as pawn brokers, capital market players such as the stock exchange, pension funds and asset managers, as well as virtual asset services such as cryptocurrencies. As at...
Competition and Consumer Authority (CCA) has acknowledged receipt of the merger bid, noting that upon the implementation of the proposed transaction, Abovax will have a controlling stake in MRI Botswana.Currently, MRI is owned by Botswana Medical Aid...
The 10 river-facing chalets were created with fashionable aesthetics and balconies facing the river, incorporating upgraded technology to meet the needs of Cresta Marang guests.The chalets feature king-size beds, free WiFi, en-suite bathrooms and...
The World Digital Competitiveness Report (WDCR) is an annual comparison of digitisation efforts across three key factors being Knowledge, Technology, and Future Readiness. The WDRC is carried out by the Swiss-based Institute for Management...
Bonds are financial instruments issued by government and corporates to borrow money from the market. Secondary market trades involve sales of bonds by those who bought the bonds at their original floating by issuers such as governments and...
Addressing a recent Master Class in Gaborone, co-founder of Nando’s, Robert Brozin, also urged entrepreneurs to prioritise the broader impact of their businesses. “Doing business in Africa involves unique challenges,” he said. “It requires...
Since July, the central bank, acting as the government’s agent, has floated treasury bills and bonds seeking a total of P13.1 billion, but has only raised P9.4 billion or about 72%.Before July, the BoB was meeting its debt targets, with...
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