Minerals and Energy minister, Bogolo Kenewendo and Zambian Minister of Energy Makozo Chikote, met last week on the sidelines of SADC Sustainable Energy Week in Gaborone to chew the way forward for the implementation of the ambitious infrastructure...
The diamond mining giant last year launched a probe after identifying suspicious fronting incidents, with initial findings confirming three cases. After recognising the severity of the issue, it engaged a consultant to conduct a comprehensive review...
They noted that doing this in isolation without working in synergy with other regional planners may lead to “white elephant” investment. Cautioning government during a SADC ministerial high level policy dialogue recently, Deputy Permanent...
Sports betting has exploded in the country of late, with many Batswana trying their fortunes on the various platforms.However, the Authority warned the public that Bet365, Forzza, 1XBET, Betwinners “and others,” due to their failure to comply...
The Ministry of Finance plans to finance the forecast deficit from the domestic capital market, as well as from external funders. The bulk of the funding is expected to be sourced through the domestic note issuance programme, a P55 billion multi-year...
At Meetings Africa 2025 held this week, discussions emphasised the importance of the Meetings, Incentives, Conferences, and Exhibitions (MICE) industry in driving economic growth.For Botswana, they said this presents an opportunity to diversify its...
The latest data is contained in a Bank of Botswana (BoB) research paper released recently.Financial data extrapolated from 2011 as a base year shows that Batswana prefer to use cash as a means of transacting goods and services, with the local economy...
The postal parastatal’s main income lines are mail/postal, courier services, warehousing and agency, the latter being the biggest contributor which involves service agreements for use of BotswanaPost’s vast network.BotswanaPost suffered pre-tax...
According to the financials shared with investors recently, the Canadian firm sold a total of 399,215 carats last year, with the revenues received including a $44 million payment for the 1,080-carat Eva Star diamond and 549-carat Sethunya...
Speaking during the Big Africa Summit recently, the Minister of Trade and Entrepreneurship, Tiroeaone Ntsima, said beyond revenue generation, the sector is set to contribute to employment creation and tourism promotion, solidifying Botswana's...
The programme, which was launched in 2024, culminated in a pitch competition where six winners shared $50, 000 in seed funding. It provided participants with mentorship, business development support, and networking opportunities. Standard Chartered...
In a notice this week, the Canadian firm said it would offer a combination of shares and, warrants to potential investors in a private placement that will close in early March 2025. Premium Resources intends to offer up to 120 million units at 30...
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...
The latest details are contained in draft estimates of expenditure released by the ministry as part of the 2025–2026 budget. The estimates will be confirmed when the Appropriation Bill is passed by Parliament.According to the draft estimates, the...
The Bank’s argument is straightforward: First, they contend that South Africa’s relatively high inflation is merely a policy choice, not an inevitable feature of our economy. To support this, they point to Chile, which adopted inflation targeting...
Mobile money services, currently offered by Orange, Mascom, Botswana Telecommunications Limited, and BotswanaPost, are amongst the fastest growing solutions in the financial sector, witnessing increasing transaction values on an annual basis.The...
In the original Transitional National Development Plan (TNDP) which was due to run from April 2023 to March 31, 2025, the BPC was due for a subsidy of P1 billion. However, the Corporation in August 2023 secured an extra P1.18 billion through...
Speaking during the Access Bank Botswana 2025–2026 budget review last week, Kgori Capital economist, Kitso Mokhurutshe, said the fiscus must be brought to balance without delay, as continued deficits pose a significant risk to economic...
The school has been making remarkable strides, most notably with the introduction of AdvLearn, a revolutionary Artificial Intelligence (AI)-powered learning programme designed to enhance the teaching of sciences and mathematics. “Education is...
During the launch of the partnership, Minet Botswana's chief executive, Gabriel Karidza, defined the moment as the right arsenal for their clientele. Karidza outlined that Minet received numerous complaints from their clients, which prompted them...
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