The central bank’s monthly auctions of treasury bills and bonds have nearly all missed their debt targets since Parliament doubled government’s note issuance programme to P30 billion in September 2020.With its own savings only just recovering...
Diamonds, the country’s principal economic commodity, raced to exports of P14 billion in the first three quarters of the year, up 10.1% over the same period last year, despite 2022 also representing a record high for the shiny stones.Half-year...
Their frustrations are further heightened by their failure to secure funding from local fund managers who are in charge of more than P100 billion in pension and other funds.The challenges were revealed earlier this week at the BSE’s Tshipidi Forum,...
Marriott International currently operates nearly 140 properties in 20 African countries, but in Botswana is best known for the Protea Hotel by Marriott Gaborone Masa Square, a landmark in the capital.In a statement yesterday, Marriot International...
In an announcement to investors yesterday, PNRL said Cymbria Corporation and EdgePoint Investment had agreed to provide equity and term loan funding, with the transaction expected to close around June 28.PNRL directors said the group intends to use...
Dibetso will become CEO designate from July 1, 2023, working alongside Reed who will remain on as part of the transition process.The move is part of the board approved succession plan.inq. recently completed its acquisition of Syrex, a provider of...
According to the group’s 2022 annual report released last week, BIHL views data as “the new oil” and insurers have reservoirs of assets that can be turned into business value that will affect the bottom line.A trend research report by the group...
As a spirited entrepreneur, he is the co-founder of Kampany Plug, a software firm aimed at empowering small scale entrepreneurs with effective tools to financially managing their enterprises.Supported by his knowledge of finance and software,...
Through the agreement, public sector accountants will be able to be trained and up skilled on public sector administration and financial management and reporting.“Through API, public sector accountants will be trained to get deep understanding of...
Passed by Parliament in 2022, the policy serves as a part of a broader industrial plan for diversification and export strategies that seek the development of quality products and services to enhance trade.Equally, it is designed to ensure that...
Rapaport’s RapNet trading platform boasts daily listings of 1.6 million valued at over $7.4 billion (P101bn), with 16,000 members in 97 countries. Rapaport also publishes the Rapaport Price List, the diamond industry’s standard for the pricing of...
Serame was speaking at a Botswana Democratic Party (BDP) Women’s Wing capacity-building workshop here recently. She also used the event to give insight into several policies that her ministry has recently introduced.The government recently...
Speaking to BusinessWeek, the Association’s president, Tshepo Modibedi, said the organisation has received numerous complaints from its members on how government prefers working with foreign contractors over locals.He lamented that despite Botswana...
The association is expected to improve skills training, the sourcing of capital and technical assistance for SMMEs. It was launched last week at an event attended by industry specialists and captains of both the private and public sectors....
According to data released by Puma Energy Botswana, the sole airline refueller at all the four airports in the country, over 28,000 flights were fuelled compared to only 10,000 in 2020 during the pandemic. The local tourism sector, the country’s...
Both De Beers and government, whose five-year-long talks for a new sales agreement are set to elapse on June 30, have sent high-powered delegations to the US desert city.Since the current agreement elapsed in September 2020, both sides have agreed on...
The sales were made under the African Growth and Opportunities Act (AGOA), the preferential deal between the US and many African states, whose renewal is currently being renegotiated ahead of its expiry in 2025.KGK’s exports under AGOA mark a rare...
Speaking this week at the High-Level Africa Regional Review Meeting to address challenges facing Landlocked Developing Countries (LLDC), Molebatsi said as a collective, landlocked countries have been experiencing a decline in their participation in...
Statistics from Stockbrokers Botswana indicate that in the first five months of the year, the charge was led by Standard Chartered whose share price rose 41.1% during the period, followed by Chobe Holdings, Absa, and Cresta.Standard Chartered has...
A phishing attack occurs when cyber criminals send fraudulent, but genuine looking communications that appear to come from a reputable source. In many instances, the cyber criminals also set up a website that at first glance looks like the reputable...