For over five years the vendors have been resisting calls to relocate. They argue that other alternative spaces offered by the council are not suitable for the businesses.On the other hand, council authorities argue that the land where the market is...
The Norwegian firm won a highly contested tender for the contract in August 2021 and has since been mobilising funding to the tune of $49 million (P658m) required for the plant, which will be the country’s single largest renewable project to...
Speaking live on Btv today, Minerals and Energy minister, Lefoko Moagi, together with the Permanent Secretary to the President, Emma Peloetletse and Minerals permanent secretary, Ellen Richard-Madisa, said the increase to 30% from 25% had been signed...
This, he said, is to ensure that returns to members do not fall while capital lies idle due to a lack of investment vehicles.Supervised by the Non-Bank Financial Institutions Regulatory Authority (NBFIRA), Pension Fund Rule 2 or PFR 2 at the moment...
Debswana wholly sponsored the stamps project and the launch at a combined value of P950,000.The stamps were launched by Vice President Slumber Tsogwane as part of celebrating Botswana’s heritage and development journey, which has for years been...
Spearheaded by Nthabiseng Koontse and Tshepo Solomon, the spirited duo noticed a gap in the market, one of a lack of an ambient lounge offering residents a chance to unwind in style. The duo notes that for them, The Place Lounge offers its customers...
The FSC is a statutory body made up of the Bank of Botswana (BoB), the Non-Bank Financial Institutions Regulatory Authority, the Financial Intelligence Authority and related entities.Last week, the FSC produced its Financial Stability Report (FSR)...
The Corporation is the state’s premier investment agency, promoting economic diversity through equity and debt injections into strategic sectors. It invests in commercially viable projects across all sectors of the economy except large-scale...
The central bank raised interest rates three times last year, by a collective 151 basis points as it fought escalating inflation which peaked at 14-year highs in August. However, since then, inflation has been falling – largely due to lower fuel...
This year a total of 64 middle and high-income economies were assessed, in the IMD’s World Competitiveness Yearbook, with only Botswana and South Africa participating from Africa. Though similar to the World Economic Forum’s (WEF) more well-known...
In a statement on Wednesday, Marie Francoise Marie-Nelly, the World Bank country director for Eswatini, Botswana, Lesotho, Namibia, and South Africa, said the effects of the COVID-19 pandemic and other global shocks had made the need to diversify the...
BIHL is the country’s largest diversified financial services group, with its subsidiary, Botswana Life, enjoying a 71% market share and its asset management unit, Bifm, also the largest in its sector with assets under management last measured at...
The new product, known as a Soft Point of Sale (SoftPOS), will allow merchants as well as Small, Medium and Micro Enterprises to accept payments from customers by simply tapping their cards on mobile smart devices as opposed to traditional point of...
Known as an 'entitlement offer' Tlou had planned to use the proceeds from the fundraising to finance the company’s Lesedi Project, which is set to become the country’s first commercial CBM plant, opening up a new ecosystem of electricity...
Answering questions from BusinessWeek in a briefing on Tuesday, Assistant Secretary of State in the US Department of State’s Bureau of African Affairs, Molly Phee, said DFC CEO Scott Nathan would lead the American government’s delegation to the...
Founded by passionate Tefo Duke Molebatsi, the transport savant says he noticed a gap in the market after realising the acute shortage of minibuses in the industry and ever since making up his mind to fill the gap, his business has been growing in...
The agrivoltaics project is a one megawatt solar plant which will power the university during daytime and includes the simultaneous use of land for both solar panels and agriculture.Giving an overview of the renewable energy investment last week,...
Speaking at a lavish ceremony held at the IDM campus in Gaborone, director of academic services, Bakani Thoothe, explained that the certification is a credential that validates the institution’s ideals of quality assurance to its customers and...
The central bank has a medium-term objective range for inflation of three to six percent, which it considers conducive for economic growth and stability in the country.However, prior to May, inflation was last within the objective range in April...
By law, banks, bureaux de change, car dealers, microlenders, attorneys, and others must file suspicious transaction reports with the FIA.The agency defines a suspicious transaction as one inconsistent with a customer’s known legitimate business,...