The arrears figures steadied to P6.6 billion in February, a level roughly representing the average in 2025. In January, most of the arrears, or 32 percent, were classified as “specific provision” meaning dues that are over 180 days old and...
Whilst established to ensure cost-effective public service delivery or facilitation, SOEs, also known as parastatals, have become significant weights on the budget, losing hundreds of millions of pula each year, after gobbling billions more for their...
Since October last year, the BoB has restricted banks from increasing their prime lending rates, the benchmark rate against which other credit products and services are priced within banks.The move came after a sharp upswing in interest rates amongst...
The recent Hospitality and Tourism Association of Botswana (HATAB) conference held in Kasane provided tourism players with their first opportunity to engage government on its plans for a 24-hour economy. Speaking at the conference, Assistant Minister...
Speaking during the bank’s Kgwebo Connect series featuring both Phirinyane and Lesang Busang founder of Ko Isong, Phirinyane outlined practical steps entrepreneurs must take to build sustainable businesses, cautioning that passion alone is not...
The cowpeas were found to be unfit for human or even animal consumption at that time, the Auditor General said.Cowpeas, like other pulses and grains, require regular rotation or turning to protect their quality and prevent spoilage. The rotation...
Announcing the decision this week, the central bank said the adjustment was necessary in light of mounting inflationary pressures linked to global and domestic developments, particularly the recent surge in fuel prices.Inflation stood at 4.2 percent...
The homegrown microlender said in a recent filing on the Botswana Stock Exchange (BSE) that it had entered into binding sale and purchase agreements for its subsidiaries in these regions with Dubai-based investment and financial services firm Axian...
Officials said the state-of-the-art Digital Delta Data Centre (DDDC) offers an impressive 99.9% system availability throughout the year, a development expected to greatly enhance the accessibility and consistency of essential government services....
Officials revealed that the custody offering provides secure, efficient and fully compliant solutions for the safekeeping and administration of assets, enabling investors to participate confidently in local and cross‑border investment activity. It...
The abattoir, which had been scheduled to open in May, is now on hold as veterinary authorities move to contain the spread of the disease across affected zones. Acting Minister of Agriculture, Edwin Dikoloti, addressing Kgotla residents last week,...
Africa’s Eden Tourism is a regional tourism association representing Angola, Botswana, Madagascar, Malawi, Mozambique, Namibia, Zambia, and Zimbabwe. The organisation focuses on growing tourism across Southern Africa through cross-border...
As at January this year, the figure was standing at P179 million, showing that there was an uptick in detectable assets that are believed to be the proceeds of fraud, money laundering, or corruption.Delivering the findings of the recent country risk...
According to Auditor General’s report for the financial year ending 31 March 2023, debtor balances amounting to P105 million were erroneously created within the corporation’s debtors’ book.These inaccuracies largely stemmed from errors in meter...
An Anglo American production report for the first quarter shows that De Beers generated $648 million (P8.8 billion) in sales from two auctions, compared to $520 million (P7 billion) over the same period last year. The diamond giant sold 7.7 million...
The Ministry of Trade and Entrepreneurship recently revealed that some of the momentum towards this shift was backed by research conducted by the World Bank.The research showed some weaknesses in the diversification of the tourism sector, including...
The case is being heard at the Competition and Consumer Tribunal.Yesterday, another participant in the alleged scheme, Hollard Insurance, reached a settlement with the fair-play watchdog, agreeing to pay P4.8 million for its role in the scheme.The...
According to information shared on government’s official social media, Gaolathe held talks with Dangote earlier in the week as part of Botswana’s efforts to deepen intra-African economic partnerships.The talks, described as early-stage...
The Botswana Tech Fund (BTF), structured as a multi-stage investment vehicle, will deploy capital from early-stage startups through to more mature growth companies, marking one of the most significant private capital commitments to the region’s...
Through the nationwide campaign, Botswana is expected to develop a centralised database of SMMEs operating across the country. This is anticipated to improve coordination amongst ecosystem players and support more informed planning and targeted...
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