In his address, Moagi said electrifying the villages will contribute to the country's Vision 2036 which aims to improve the standard of living for its citizens. He said electricity is essential to the transformation of the nation’s economy from...
Known formally as the Pension Fund Rule 2 or PFR 2, the NBFIRA (Non-Bank Financial Institutions Regulatory Authority) statute previously required pension funds to invest at least 30% of their assets locally.Under changes to the Retirement Funds Act,...
Thomas left office on August 14 after five years at the helm and was replaced by her predecessor, William Lamb, who occupied the top seat between May 2011 and February 2018.Her departure has stoked shareholder debate as the high-flying miner enters...
The advice to establish the authority came through a draft ownership policy that will be presented to Cabinet, after a series of stakeholder engagements between various government research arms.The new State Owned Entity’s ownership policy, which...
Developed by Stefanutti Stocks, the revamp started in April 2019 and was delayed by eight months due to the COVID-19 pandemic in early 2020, which brought about supply chain bottlenecks and work management issues.The outbreak of the Russia and...
The developments are the latest in an exhaustive bid to revive Pula Steel, the country’s pioneering steel producer. Pula Steel closed in 2017, just two years after it was built at a cost of P130 million, strained by financial and technical...
Annual inflation dropped to a 35-month low in July at 1.5 percent, from 4.6 percent in June, due mainly to the base effects of higher fuel prices in July last year and the June 20 reduction of pump prices this year.However, annual food inflation was...
Dipogiso is the curator and corporate leader of Labour Policy Experts Botswana, a company that offers specialised consultancy on labour policy matters and human resource policy development.Speaking to Monitor Business last week, Dipogiso said he has...
Data from Statistics Botswana’s Consumer Price Index (CPI) released last week, show that vegetables top the list of goods and services with the highest percentage change on a 12-month basis running from July last year to the same month this year....
In a notice to the Botswana Stock Exchange (BSE) on Friday, the bank said its pretax profits for the year ended June 30 are expected to be between 15% and 20% higher, or P180 million to P250 million above the P1.2 billion recorded last year.“The...
This was revealed at the Women in Built Environment conference held last week. The gathering brought together female titans of industry with expertise in finance, law and construction.The main goal of the conference was to infuse innovation and...
For a long time the star performer on the Botswana Stock Exchange’s Domestic Companies Index, Letshego’s share price dropped 10% last year and on July 4, sank to 98 thebe, its lowest level in two years.Thus far this year, the pan-African...
Shamil Agosi, the vice president of Environment, Social, and Governance (ESG), told a briefing held for the Tsholofelo Carnival this week that although specific timelines have yet to be established, the ongoing endeavours "will not take...
The last time copper earnings got close to reaching the exports seen in the first three months of this year, was in the second quarter of 2015 when sales stood at P1.2 billion.That period marked the beginning of a global copper price meltdown that...
Figures provided by the Bank of Botswana (BoB) during a recent media briefing indicate that while the reserves are recovering, they are still below the healthier levels seen in the years before the onset of the COVID-19 pandemic.As measured by months...
As a wholly state-owned entity, the BDC’s credit rating is linked to government’s own outlook and the related forecasts around the country’s economic performance. In a recent update, Moody’s said the country’s economy was now projected to...
Sofa Repairs is a manufacturing company with a niche expertise in the creation of family couches and repairs of a plethora of home and office chairs. Fixing and making sofas is not novel in its nature, but it is the manner in which Boitshwarelo...
According to an SMME handbook developed by LEA, the lack of finance options for the different stages of the organisations’ development in Botswana is widening the finance gap in the local market.The finance gap refers to the gulf between the...
Type IIa diamonds are quite rare making up one to two percent of all natural diamonds and sourced from extreme depths of the earth’s mantle. The diamonds are almost or entirely devoid of impurities, making them of high value in the market.In a...
The Metro Ring project has been described as a great leap from the use of copper as a data transmission method to fibre optic technology.Liquid Intelligent last week launched the first phase of its Metro Ring, which is short for “metropolitan city...