The company reported that revenues of P571.8 million were recorded during the period, which was better than the P561 million in 2023 rounding up with a profit before tax (PBT) of P174.5 million. RDC’s total asset value is now at P5.92 billion,...
Buoyed by the opening of the selling and buying centre, Letsema Horticultural Market (LHM) in September last year, the sector has seen growing participation, improved produce quality as well as increased public interest. LHM General Manager, Ratsela...
These women are the backbone of Botswana’s informal economy, and the local telecommunications giant’s initiative aimed to celebrate, support, and scale their efforts. The WConnect event served as a platform for networking, a space for...
Recently the national flag carrier celebrated travel agents, recognising their pivotal role in driving airline sales over the inaugural top 10 travel agents performance awards. During the awards ceremony, the airline’s CEO, Lulu Rasebotsa, stated...
The company last week expanded its citizen empowerment efforts with the launch of its 45th service station at Luke House in Molepolole. The leading global downstream energy business has placed the facility under the management of Lamont Loeto, a...
The Ministry of Finance had expected the economy to contract by 3.1 percent in 2024, while leading credit ratings agency, S&P, recently forecast a negative 3.3 percent performance. The International Monetary Fund, in its last update in November,...
The corporation remains optimistic despite past financial challenges, as revamped businesses within its portfolio have begun making positive contributions to revenue through increased sales activity.According to BDC Head of Corporate Affairs,...
For the full-year to December 2024, StanChart's total income stood at P1.065 billion earning an operating income of P478 million. The increase in earnings was attributed to the growth of the WRB division and improvement in margins enjoyed from...
Traditionally, the BPOPF participates in government’s domestic debt programme indirectly through the use of intermediaries such as asset managers and their commercial banks. The P55 billion debt programme, which features monthly auctions of...
The company now boasts of fresh identity, enhanced digital platforms, and a streamlined loyalty and B2B strategy. The transformation comes as the group prepares to expand its portfolio by nearly 300 properties by 2027, following its 2018 acquisition...
The diamond rich nation has solar energy potential of over 3, 200 hours of sunshine per year and an average insolation of 21 megajoules per square metre. As a result, the Ministry of Minerals and Energy is finalising a market study to identify...
According to a press release published by the diamond miner, the decision to temporarily cease production from the two operations is in response to the continued slump experienced in the diamond market that has been hampering rough diamond sales...
The local bourse’s last Initial Public Offer (IPO), where shares are offered to the public before listing, was in 2017, although the Exchange has made various efforts to groom, develop and handhold various SMEs towards a listing.Established in...
Whilst consumers, particularly households, believe the cost of electricity is high, high local generation costs and escalating imports, mean the current tariffs are a fraction of the true cost paid by the Botswana Power Corporation (BPC).Government...
KBL expects to pay between P1.5 billion and P1.7 billion in various taxes this year, including the costs of placing a biometric imprint or stamp on each unit of alcohol produced. The stamps are part of the BURS’ efforts to check that the correct...
The national airline is strengthening its presence in the regional tourism and aviation sector by enhancing strategic collaborations.As part of the initiative, Air Botswana and KZN tourism authorities recently hosted local travel and tour agents on a...
Since its inauguration in December, the route has recorded nearly 2,000 passengers as at the end of February, indicating strong demand.According to Air Botswana’s Sales and Marketing Manager, Mogolo Mokgosi, the airline is pleased with the numbers,...
The company's co-founder and CEO, Arun Iyer, told MonitorBusiness that the decision was taken and approved two years ago by the board."We have employees who have been with the company since inception and these would be the first to be offered...
Speaking at a press briefing on Thursday, Boko stated that the decision was taken to ensure that ordinary citizens have access to affordable water while government institutions shoulder a larger share of the costs."We are looking at making it easier...
In a statement, the company said it was honoured to be the first operator to receive regulatory approval from Gambling Authority (GA).“We are immensely proud to be Botswana’s first online betting and gaming operator, and we are committed to...
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