According to its 52-week results released on Tuesday, the majority citizen-owned group posted pretax profits of P443 million, up 10% despite pressures on margins and higher competition and supply chain challenges.Sefalana, which began operations with...
Kago Dichabe is filling the gap in the market by launching a yoghurt brand that features gluten-free starch and no preservatives in the ingredients list. According to the entrepreneur, this innovative product caters for health-conscious consumers who...
The drop saw a decline in the number of movements of airlines into and within the country, at a time when the national carrier plans expansion into other routes. Statistics Botswana transport and infrastructure brief revealed that during the first...
The CEO of the parastatal, which regulates the communications sector, Martin Mokgware, disclosed this at the launch of BOCRA’s strategy plan where he gave insights regarding the market performance of the organisation. He revealed that the...
This shortage is due to circumstances beyond their control.Mpho Mokgosi, BOL's Senior Manager of Marketing and Communications, explained that within the Southern African Development Community (SADC) region, ULP93 is produced exclusively in South...
The group’s half year results posted this week showed that the group has managed to drop its group Capex costs from $302 million in the first half of 2023 to $264 million this year. De Beers communicated its new Origins strategy at the end of May,...
The changes are part of a suite of proposed amendments to the Mines and Minerals Act, the legislative backbone of the country’s mining industry. The amendments were gazetted at the end of May and were first tabled in Parliament on Tuesday when the...
Through the IP and traditional medicine project, CIPA has identified 25 local traditional doctors who will be assisted in commercialising their products while maintaining control over their intellectual property.The groundbreaking project aims to...
Led by deputy permanent secretary, Gideon Mmolawa, the local delegation is joining senior representatives of other African nations who are pressing for the renewal of the preferential trade deal with the world’s richest nation.The US capital this...
The numbers compare to volumes of 251,781 tonnes and P62.3 million in the fourth quarter of last year. The improvement bodes well for Botswana Railways, the national rail carrier which has struggled to break even or move into surplus for several...
Rather than a one day celebration, Debswana has chosen a three-month campaign for its 55th, which will be anchored on story-telling by employees and other stakeholders on how the diamond company has touched their lives.The anniversary’s theme is...
President Mokgweetsi Masisi and his counterparts from Zimbabwe and Mozambique last week signed an agreement to develop the long-awaited Ponto Techobanine port and railway project. The project, initially conceived at least 15 years ago with early cost...
Earlier this year, in its World Economic Outlook, the IMF had projected 3.6 percent growth for Botswana in 2024. Government at the time of the February budget speech projected a 4.2 percent expansion, but the Bank of Botswana recently said this would...
The revised contract, valued at approximately (Australian Dollars) AU$240 million (P2.1 billion), will now continue until June 30, 2025.Under the agreement, Barminco will continue to provide underground development, production, and mining support...
The energy storage system, a key project under government’s Integrated Resource Plan (IRP), will support the wave of renewable energy generation in the country, allowing “smooth integration” in the national grid.In a statement, the World Bank...
Statistics Botswana figures indicate that the annual rate of inflation was slightly softer in June owing to base effects particularly associated with transport.In the 12 months to June 2024, the single highest increase in average prices has been in...
Phatshwane was addressing the media recently. Zimbabwe, one of the world’s largest producers of lithium, has banned unprocessed export of the mineral that is highly sought-after globally for its use in the energy transition. The government there...
Directors say the move, which could involve P250.1 million for 217 million shares, would also be a signal to investors that Letshego has excess capital and is “therefore attractive to other investors that they should invest in Letshego”. This...
According to figures released recently by the Bank of Botswana, meat exports which primarily comprise beef, soared to P173.6 million in the first quarter of 2024, the highest quarterly outcome since 2019.Beef sector insiders told BusinessWeek that...
According to recently released Bank of Botswana data, various sectors of the economy, including households, owed commercial banks about P6.1 billion as at April 30. About P1.57 billion of this was classified as “specific provisions” which means...
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