Under its own statutory rules, government constrains its debt to 20% of GDP for domestic funding and 20% of GDP for external funding.However, government, through the Bank of Botswana, has been on a flurry of debt raising activities in recent months,...
Marking five transformative years, this year’s 3-For-3 campaign reflects a renewed commitment to impactful service, collective purpose, and nationwide reach. Projects under this year’s programme include school refurbishments, health education...
Debswana intends to reach carbon neutrality at its operations by 2030 and the adoption of renewable energy forms a major component of this effort. The diamond group presently consumes 410MW of electricity and is engaged in various efforts to convert...
Speaking at the Botswana Bureau of Standards’ (BOBS) ISO/IEC accreditation handing over ceremony last week, Trade and Entrepreneurship minister, Tiroeoane Ntsima, also reaffirmed the country’s commitment to building a globally competitive...
The division, which hosts Fairs, Exhibitions and Events at its Ditshupo Hall venue in Gaborone, made P30.4 million in sales but ended with a gross profit of P13 million, which was ultimately swallowed by high operating expenses of P19.5 million....
Officials said the facility, which is dedicated to assembling electric SUVs and buses, was completed in April and has already produced 68 vehicles. Accounting Officer, Kgakgamatso Ketshabang, told the Committee last week the plant has assembled 35...
However, despite the 17.6% growth in top-line performance, Chobe’s operating profit declined, squeezed by rising operational costs that weighed on margins. Revenue gains were tempered by a decline in operating profit, driven by elevated operating...
The Motswana woman-owned enterprise in cosmetic space is differentiating itself from competition as it aims to also restore confidence in women with low self esteem through its products. On the sidelines of the recent Northern Trade Fair held here,...
Whilst details on the identity of the creditor were not available at press time, industry insiders indicate the difficulties may have to do with the current or former mining contractor. The funds paid to the mining contractor constitute the highest...
The corporation posted a loss before tax of P40.7 million for the year to June 2024 and narrowed this to P24.2 million in the half-year to December 2024.In its latest annual report, the investment agency which boasts an asset value of P5.7 billion,...
The 88-seater Embraer E175 becomes the third Embraer aircraft in the national carrier’s fleet, joining its E145 twin siblings, Ukhwi and Matsieng, which began operations in May 2025. This latest addition marks a significant milestone in the...
Speaking at the recent Business Botswana Northern Trade Fair prize-giving event, Seokamo Botash has been working with the Botswana Chamber of Mines in the Supplier Development Programme.The programme aims to address challenges suppliers face,...
Speaking here last week when officiating during the 29th Business Botswana Northern Trade Fair, he noted Francistown was once the heartbeat of trade in Southern Africa, a city of dreams and discovery must now rise again. According to the Vice...
The centre, which is located in Gaborone, Phase 2, is designed to train and equip children with business related skills so that they can strive as business owners in future. The intervention comes at the right time when job security is no longer...
More than 158 exhibitors from a variety of industries, including banking, information technology, agriculture, and parastatals, exhibited their goods and services at the ongoing trade expo, which began last Tuesday and ended on Saturday....
The P500 million scheme was previously a revolving fund where small citizen businesses and start-ups were provided with affordable short-term loans. However, the new political leaders have since written off the debt for many entrepreneurs and those...
A recent report has shown the two have yet to achieve profitability, contributing to a four percent decline in the Corporation's net worth, which stood at P2.15 billion as of June 30, 2024, down from P2.25 billion the previous year. Milk Valley...
The data agency, which is responsible for collecting and disseminating all official statistics in the country, revealed that vehicle imports from the Asian giant accounted for more than half of all motor vehicle registrations during the fourth...
In a notice this week, Mt Burgess officials said Forrester passed away last Friday about a week after resigning as chairman and CEO. Forrester and his wife, Jan, previously told Mmegi how they had sunk their own savings, including selling their...
The prolonged decline in diamond receipts, coupled with steady imports and the lack of other strong foreign currency earners, has meant a slide in the foreign exchange reserves, of which the Pula Fund is the main anchor.Foreign exchange reserves that...
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