The Union, in a statement this week, said workers at the BR-BB Joint Venture (Pty) Ltd, are owed over P9 million by MCM because the colliery in turn has not been paid for its supplies to the BPC. The Corporation has long term contracts for coal...
In his February budget speech, Finance Minister and Vice President Ndaba Gaolathe, had forecast growth of 3.3 percent this year, based on the hope that diamonds would recover from their slump in the latter part of the year, whilst the non-diamond...
Government has chosen to put skin in the troubled game, opting to convert its debt to Minergy into an equity stake that would make government a shareholder through its mining investment agency, the Minerals Development Company Botswana...
The African Development Bank (AfDB) has offered government a $1 billion (P13.7bn) loan facility, with about $304 million available this year, aimed at enhancing fiscal performance and boosting private sector participation.The loan offer, under the...
Inflation, which is the rate of growth in the average prices of goods and services in the economy, has been marginally ticking up in recent months, being last measured at 2.8 percent in March. The level is, however, still lower than the three to six...
According to RDC, the decision from the BSE’s regulatory committee is now expected in April 2025. This follows an earlier indication that the outcome would be delivered in March 2025."The company remains confident in its full compliance with all...
The launch marks a symbolic but significant transformation from the former Public Procurement and Asset Disposal Board (PPADB) to the newly reconstituted PPRA, a shift described by PPRA CEO Tumelo Motsumi as both a milestone and a mission still in...
The increase was attributed to the improved net interest income, higher fee and commission income, and disciplined cost management. The bank’s CEO, Keabetswe Pheko-Moshagane, said the growth was primarily driven by improved net interest income,...
The decision follows the recovery of some units at the Morupule B Power Station, which has helped to stabilise grid supply.In a memo issued by the corporation, BPC executives communicated that power generation had normalised thanks to improvement in...
Mupane's sale comes as gold prices trend at record highs due to the metal's status as a safe haven against the disruptions caused by the United States' planned global trade tariffs.Mupane ceased operations in March 2024, two years after...
According to available public records, SPC is 75.58% owned by Zapemm B.V., with the balance held by local business tycoon, Ramachandran Ottapathu.The deal is set to provide a powerful boost to SPC’s ambitions of expanding its operations and...
The availability of free-floating stocks, or the shares available for trade in the exchange, result in higher liquidity in the market because players can actually have options to buy and sell. The local exchange has a requirement for all listed...
The link will run for about 120 kilometres from Mmamabula to Lephalale in Limpopo, before linking up with existing lines to run to Richard's Bay port terminal, with a possible future expansion to Mozambique.The latest available figures indicate...
The competition watchdog recently blocked NAP from finalising the P20 million deal saying the transaction raised 'competition issues' as NAP already has a robust retail presence in Maun. The CCA ruled that the proposed transaction is likely...
Gaborone will take centre stage again as the capital hosts the annual Global Expo Botswana (GEB2025) from October 8-11, 2025 under the theme, ‘Unlocking Botswana’s potential: Partnerships for Sustainable Growth’. According to the Botswana...
The hotel, which opened in mid-2024 in partnership with the Debswana Pension Fund, was expected to benefit from the mining town’s economic activity. However, reduced diamond sales have led to cost-cutting measures by the diamond miner, meaning that...
The tax agency beat its 2024-2025 collection target of P58.7 billion by raising P61.1 billion, helped by strong Value Added Tax (VAT) and receipts from the Southern African Customs Union (SACU). The target had initially been set at P71.3 billion, but...
The transaction, confirmed this week, forms part of Choppies Group’s ongoing strategy to streamline its operations and focus on more profitable regions. Choppies first entered the Zimbabwean market in 2013 by acquiring 10 Spar outlets from Modi’s...
The state-owned wholesale provider of national and international telecommunication infrastructure stated P100 million has been spent in a strategic initiative to upgrade the country’s internet gateway. BoFiNet added the projects are meant to usher...
Copper mines in the country exported P7 billion worth of the base metal in 2023, up from P4 billion in 2022.Recent Bank of Botswana figures show the extent to which both rising copper prices on the global market and improving local production, have...
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