Speaking at the Future of Mining Summit in Gaborone last week, mining executives outlined a strategy that would see the sector leverage its vast purchasing power to develop citizen-owned suppliers, build local manufacturing capacity and reduce...
Financial statements released on the bourse last week show the company posted a net loss of P4.9 million for the year ended December 31, 2025, a marked improvement from the P14.3 million loss recorded in the previous year. Loss before tax narrowed by...
Under the deal, a P200 million Matopinion Farming (Pty) Ltd agricultural investment will be established, which is expected to create 183 direct jobs, while spearheading one of the largest irrigated fodder production projects in the country. The...
Speaking to BusinessMonitor, Karata Events managing director, Tseme Tseme, said the platform was born out of frustration after repeatedly seeing organisers lose money and credibility because of duplicated paper tickets and outdated...
Last week a Memorandum of Understanding (MoU) was signed marking a step toward strengthening collaboration between the two institutions, leveraging their complementary mandates to support sustainable economic growth, investment attraction and...
After a protracted legal wrangle in which the Nova Africa Resources/Aga One joint venture emerged victorious, investors have revealed to BusinessWeek that they have bigger plans to turn the Mupane assets into a base for a regional refinery targeting...
While central bank officials said the review would be comprehensive, they were also quick to stress that this did not imply the results would equally be significant.The Pula has been managed via a crawling peg system since 2005, which relies on the...
The revision will also ensure greater operational stability for the Botswana Power Corporation (BPC) and encourage investment in the electricity sector, the regulator’s CEO, Never Tshabang, said on Monday.Speaking at the Future of Mining Summit, he...
The listed telecommunications operator reported profit before tax of P146.2 million, which is a 45% decline from P266.6 million recorded in the previous financial year. Revenue slipped 1.6 percent to P1.47 billion from P1.49 billion, reflecting...
The group has found a buyer for Letshego Ghana Savings and Loans PLC, Letshego Faidika Bank Tanzania Limited, Letshego Microfinance Bank Nigeria Limited, Letshego Rwanda Limited, and Letshego Uganda Limited.The deal is valued at about P840 million...
Located in the Tuli Block region, Lucerne Fields has grown into the country's largest carrot producer, supplying between 400,000 and 500,000 carrots to the domestic market every month. The farm's success demonstrates the potential of...
The consultative workshop, convened by the Ministry of Lands and Agriculture in partnership with the Food and Agriculture Organisation of the United Nations (FAO), formed part of an ongoing process to validate and strengthen the draft strategy before...
The review follows the adoption of the National Tourism Policy in 2021 and the subsequent development of the country's 10-year National Tourism Strategy and Master Plan (NTSMP), which sets out a roadmap for sustainable tourism growth and...
For decades, Debswana’s board has resisted pressure and advice from executives to diversify the group’s focus beyond diamonds. Besides investments in insurance, education, and a pension fund, Debswana has largely remained focused on the precious...
Under a section of the Bank of Botswana Act, the central bank is entitled to periodically move funds from the Pula Fund into the Liquidity Portfolio, which is a section of the foreign exchange reserves housing funds required for the country's...
Botala Energy has reached a key milestone at its Serowe coal seam gas project in central Botswana, preparing a crucial production well for testing that will determine whether the project can move into commercial production.The company has completed...
The latest report, released this week, highlights a number of challenges weighing on the country's competitiveness. Amongst these is Botswana's continued dependence on diamonds, which leaves the economy highly vulnerable to fluctuations in...
In a statement, the ministry said the UN team was helping to strengthen Botswana’s capacity and readiness to engage effectively with international credit rating agencies. The engagement comes after both Moody’s and S&P’s lowered the country’s...
South African public servant, academic and anti-apartheid activist, Dr Naledi Pandor has been invited as the guest speaker at the event.The event organiser and also chairperson of The Summit Organisation, Bongani Moyo said the Spring Highlight...
The Financial Stability Council (FSC) said in its latest Financial Stability Report that widening fiscal deficits were forcing government to rely more heavily on domestic funding sources, increasing banks’ exposure to sovereign debt and...
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