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...
The complaint was raised by several entrepreneurs at last week’s Local Manufacturing Summit held in Gaborone. The Summit provided a platform for entrepreneurs to air their grievances and to communicate their market handicaps to an array of...
However, the main contributor to this surplus is the underutilisation of the development budget across various ministries, the latest data from the Finance ministry shows.While higher-than-expected mineral revenues did contribute to the modest...
Initially, Debswana had indicated that mining from Cut 3 would commence in 2027. The project is currently in the feasibility study phase and preparations for commissioning are set to start in 2025. Maoketsa explained at a stakeholder briefing last...
PAPSS functions as a financial framework that enables cross-border payments in African currencies, eliminating the necessity for intra-Africa trade to be contingent on US dollar foreign reserves.Presently, nine central banks have officially embraced...
Motheo Mine, constructed at P4.9 billion, becomes the Kalahari Copperbelt's second copper operation after Khoemacau. Sandfire Resources, an Australian company, is confident in achieving 20,000 tonnes of copper concentrate at Motheo this year,...
At 1,161 metres, which exceeds the Kazungula Bridge by 238 metres, the Mohembo Bridge not only holds the record as the nation's longest bridge at present but also maintains its position for the foreseeable future, with no plans for a longer...
Giving an update on the Fund recently at Bifm’s annual seminar, Botlhe Tshukudu, Bifm’s Portfolio Manager for Unlisted Investments, said investments had slowed down during the COVID-19 era due to significant risks in the market such as depressed...
Established in Selebi-Phikwe with a cutting edge plant, the company has asserted itself as a trailblazing firm with the ability to produce a plethora of gases in both liquid and gaseous states.Oxygas is a 100% citizen owned firm operating in the...
In June, inflation cooled to 4.6 percent continuing within the central bank’s objective range and representing a 22-month low. Inflation has been declining in recent months due to decelerating food and fuel prices, as well as the base effects...
One such citizen enterprise, S&S Petroleum, was launched last Thursday, with city mayor, Godisang Radisigo, presiding. “The petroleum industry is a key driver of our economy.It drives key industries such as mining, transport, logistics and...
The major factors facing the industry in the second half of the year are high inventory levels of polished diamonds in the midstream, which affects demand for rough diamonds, as well as ongoing global economic uncertainties, particularly in major...
This was confirmed by President Mokgweetsi Masisi when addressing a political rally in Tonota over the weekend. Previously, there have been concerns from various stakeholders that challenges posed by factors such as managing the impact of COVID-19...
The country’s largest pension fund is also the biggest investor in local listed equities, with a P13 billion portfolio as at March 2023. Officials this week said this exposure was expected to increase as changes in pension fund legislation will...
The Mmamabula-Lephalale railway line has been in the works since at least 2011 and the delay in its construction has frustrated developers along the country’s eastern coalfields.The link, which will run for about 113 kilometres from Mmamabula to...
The plea was raised on Tuesday, at the opening of the Local Manufacturer’s Summit held in Gaborone.Speaking at the event, Botswana Exporters and Manufacturers Association (BEMA) CEO, Mmantlha Sankoloba, said that despite the manufacturing sector...
Moyo, who is an artistic genius, began his journey in the arts space in 2004 when he was still in primary school. He recalls vividly being captivated by an art piece, which he got lost starring at for hours and in that moment he knew he was called to...
The whooping revenue is an uptick of 21% compared to the prior financial year. The group reported that for the same financial year it generated profits of P403 million, as profit before tax (PBT), which represents a growth in profit of 21% a growth...