In a ceremony on Saturday in Cairo, Egypt, Elombi was formally inaugurated as Afreximbank’s fourth president, taking over from Professor Benedict Oramah. The investiture ceremony was witnessed by over 2,000 guests, including heads of state, former...
In a recent statement, the local bourse said trades in Minergy’s shares had been suspended from October 15 “pending finalisation of certain matters which, in the opinion of the company, warrant temporary suspension of trading in order to avoid...
Richard Bunning, CEO of GCR Group, which now manages Tataki Mine, recently told the media that the company is rebuilding operations from the ground up.“We are lucky to have inherited key individuals in the engineering department from the previous...
The multinational security group reported a loss of P14.3 million for the year ended December 2024, widening from P11.1 million in 2023. On the other hand, operating losses stood at P16.5 million, even as total revenue rose to P231.2 million,...
The 2024 Banking Supervision Report revealed that the market structure has remained largely unchanged, with the local banking’s “Big Four”, Absa Bank Botswana, First National Bank Botswana (FNBB), Standard Chartered Bank Botswana, and Stanbic...
The state-owned property company said in its latest financial results that gross profit increased by P71 million to P441.4 million, but the gross margin fell to 59.7%, down from 70.5% recorded in 2024. The parastatal’s numbers showed that the...
With government spending slowing and less money circulating through the economy, the fight for cash is entering a new phase.In its latest Banking Supervision Report, the Bank of Botswana noted deepening pressures facing commercial banks as...
BPC's credit rating withstood the sovereign downgrade on Botswana’s sovereign rating that was dropped over the weekend due to the country’s weakening fiscal position.The outlook for BPC, however, remained negative with pressing worries over...
Currently, the bulk of RDC’s P6 billion portfolio consists of retail and office assets. In Botswana, RDC’s most well-known leisure asset is the Chobe Marina Lodge, one of the land market properties along the Chobe riverfront.In an analyst...
TABEF, a prestigious forum, brings together prominent representatives of public and private sector actors from both Africa and Turkey.Botswana’s Minister of Trade and Entrepreneurship, Tiroeaone Ntsima, led a delegation of two officials including...
The newly appointed executive board suspended Rasebotsa back in June this year. She was placed on administrative leave for 30 days, which was then extended.The troubled GM was later suspended, allegedly on issues of maladministration and misconduct....
Data centres are a key priority across the globe, as they house critical infrastructure for the internet and the digital economy, providing secure and reliable storage as well as processing for vast amounts of data. Major corporations such as Meta...
Multiple media outlets in South Africa and locally reported that the homegrown grocer was taking its final dance in the neighbouring country’s market by exiting its remaining counters. Last week, Choppies clarified the position, saying it has no...
The three new Personal Banking Customer Value Propositions, anchored by Private Banking, Kamogelo, and Youth Accounts, are part of the statutory bank’s ongoing transformation under the Lesedi 2025 Strategy. The strategy focuses on making banking...
This bold step, which could redefine safari tourism in Botswana, comes on the back of decades characterised by the deep rumble of diesel engines that have been part of the African safari soundtrack. Now, Chobe Game Lodge, located on the banks of the...
The central bank, government’s agent in the local capital market, has generally missed its fundraising targets at each of the monthly auctions of government-backed treasury bills and bonds since July last year.The auctions have been hit by...
The amendments were initially passed by Parliament last year and mark an increase from the 15% government had the right to purchase in new mining operations.A 24% equity is significant because it gives enough power to protect the minority partners’...
The plans come as government considers alternative financing mechanisms for healthcare away from the traditional annual budget.The draft of the National Development Plan (NDP) 12 contains proposals by government to deter excessive consumption of...
Data shared on Wednesday by Statistics Botswana indicates that inflation rose to 3.7 percent in September, from 1.4 percent in August, confirming expectations by the Bank of Botswana and various other economic commentators.The major driver of higher...
Bank of Botswana figures show that between January and June, the value of the pension funds rose by less than three percent due to a sharp drop recorded in March when the figures sank to P145.9 billion from P152.7 billion in Feb. The decrease was...
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