For the full-year to December 2024, StanChart's total income stood at P1.065 billion earning an operating income of P478 million. The increase in earnings was attributed to the growth of the WRB division and improvement in margins enjoyed from...
Traditionally, the BPOPF participates in government’s domestic debt programme indirectly through the use of intermediaries such as asset managers and their commercial banks. The P55 billion debt programme, which features monthly auctions of...
The company now boasts of fresh identity, enhanced digital platforms, and a streamlined loyalty and B2B strategy. The transformation comes as the group prepares to expand its portfolio by nearly 300 properties by 2027, following its 2018 acquisition...
The diamond rich nation has solar energy potential of over 3, 200 hours of sunshine per year and an average insolation of 21 megajoules per square metre. As a result, the Ministry of Minerals and Energy is finalising a market study to identify...
According to a press release published by the diamond miner, the decision to temporarily cease production from the two operations is in response to the continued slump experienced in the diamond market that has been hampering rough diamond sales...
The local bourse’s last Initial Public Offer (IPO), where shares are offered to the public before listing, was in 2017, although the Exchange has made various efforts to groom, develop and handhold various SMEs towards a listing.Established in...
Whilst consumers, particularly households, believe the cost of electricity is high, high local generation costs and escalating imports, mean the current tariffs are a fraction of the true cost paid by the Botswana Power Corporation (BPC).Government...
KBL expects to pay between P1.5 billion and P1.7 billion in various taxes this year, including the costs of placing a biometric imprint or stamp on each unit of alcohol produced. The stamps are part of the BURS’ efforts to check that the correct...
The national airline is strengthening its presence in the regional tourism and aviation sector by enhancing strategic collaborations.As part of the initiative, Air Botswana and KZN tourism authorities recently hosted local travel and tour agents on a...
Since its inauguration in December, the route has recorded nearly 2,000 passengers as at the end of February, indicating strong demand.According to Air Botswana’s Sales and Marketing Manager, Mogolo Mokgosi, the airline is pleased with the numbers,...
The company's co-founder and CEO, Arun Iyer, told MonitorBusiness that the decision was taken and approved two years ago by the board."We have employees who have been with the company since inception and these would be the first to be offered...
Speaking at a press briefing on Thursday, Boko stated that the decision was taken to ensure that ordinary citizens have access to affordable water while government institutions shoulder a larger share of the costs."We are looking at making it easier...
In a statement, the company said it was honoured to be the first operator to receive regulatory approval from Gambling Authority (GA).“We are immensely proud to be Botswana’s first online betting and gaming operator, and we are committed to...
Presenting the ministry’s recurrent and development budget estimates for the 2025–2026 financial year this week, Communications and Innovation minister, David Tshere stated that Cabinet is expected to deliberate on the submitted recommendations,...
The decision shows that the country’s largest pension fund wants to remain unshaken even as it hunts for opportunities to invest the billions of pula in funds being returned home as part of changes in the law.Under changes to the Retirement Funds...
The central bank’s inaugural inflation-linked bond, carrying a face value of P750 million, attracted seven bids worth only P220 million with demands for yields reaching as much as 10.5%. The BoB did not accept any of the bids.The 21-year...
S&P, one of three main credit ratings agencies whose opinions determine government’s cost of borrowing, maintained the country’s high sovereign credit ratings but revised the outlook from stable to negative.The decision, announced on Friday...
According to the data, average food and beverage prices increased 5.5 percent in the 12 months to February, compared to 5.1 percent in the 12 months to January. The average prices of breads and cereals, which carry the heaviest weighting in the food...
Statistics Botswana figures show that the grains replaced beverages as the most imported item by value last year.According to the data, imports of beverages, which include different types of alcohol and bottled water, were estimated at P2.5 billion...
In March 2024, the state-owned rail utility floated a notice inviting private entities to express interest in operating the passenger train service, popularly known as the Blue Train. At the time, the BR specified that the Expressions of Interest...
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