The pula’s movements against both currencies has become a major debate point, after changes to the exchange rate framework last July triggered economy-wide price hikes. The changes made by the Ministry of Finance were designed to protect the...
A statement from the Ministry says Gaolathe and AfDB group president, Dr. Sidi Ould Tah, will discuss extending the Bank’s technical support and capacity-building assistance to accelerate the BETP. They will also explore “innovative financing...
By law, authorities revise the Pula exchange rate framework twice a year, in June/July and December, basing their decision on factors such as the levels of the foreign exchange reserves, inflation in trading partner countries and others.July changes...
A statement earlier today from the housing parastatal's board says Sefawe’s final day will be December 31.“During her tenure as acting Chief Executive Officer, Ms. Sefawe provided steady leadership and strategic direction during a critical...
MMG, a Chinese state-majority firm, snapped up Khoemacau in a $1.7 billion deal in 2024, as part of the global quest for critical minerals which are essential for clean energy technologies, defence and consumer electronics.In a statement earlier...
By comparison, the third quarter of last year registered a four percent contraction in Gross Domestic Product (GDP), which is a measure of economic activity.While the figures are positive and break the rolling contractions in the economy, they also...
Gaolathe’s debut budgetVice President and Finance Minister, Ndaba Gaolathe, delivered his inaugural budget on February 10, featuring lower spending than that approved for the prior financial year. However with the prolonged diamond slump still...
The economy is expected to contract this year, as familiar challenges from 2024 persist into the current financial cycle. Despite a negative economic output, there are silver linings that could support a recovery trajectory next year. Along with the...
The impact of this partnership was highlighted during Bank Gaborone’s second Kgwebo Connect dialogue series, held under the theme 'Empowering the Everyday Entrepreneur: Building Resilient Business'.During the session, Bank Gaborone...
In statement to the Bombay Stock Exchange this afternoon, KP Group revealed that the MoU had been sealed with a target of up to five gigawatts of renewable energy.“As part of the understanding, KP Group will lead technical and commercial...
Latest Financial Stability Council (FSC) report shows that residential real estate loans were stable between September 2024 and 2025 at P15 Billion remaining stuck at 25.1% of household credit and 16.1% of total credit. Despite rising demand for...
The CBM development is one of the country’s most advanced gas prospects and forms part of government’s long-standing strategy to build domestic energy supply and reduce dependence on imports. Botala is developing the resource through a phased...
According to the Authority’s latest data, micro-procurement reached P8 billion, or 25% of the total procurement value in the year to March 2025.Designed for small-scale purchases and meant to empower SMEs, micro-procurement is increasingly being...
The competition is aimed at celebrating learners who excelled in a demanding stock market simulation and the 2025 edition saw 28 schools participate, a significant rise from 15 from last year, signalling growing interest in financial literacy and...
The two recently signed a Memorandum of Understanding (MoU) that builds on the relationship already established between the organisations. Officials said the move brings together Absa’s citizenship focus areas—education, entrepreneurship,...
BTC, with more than 40,000 individual investors, is the Botswana Stock Exchange’s most retail-heavy counter, a state of affairs that dates back to its historic Initial Public Offer (IPO) in 2016. However, the concentration of retail investors and...
Under government’s P55 billion domestic note issuance programme, the BoB floats bonds and Treasury Bills (TB) each month to raise debt for government in the capital market. At the auctions, primary dealers, who are exclusively banks, compete to...
The IMF however also emphasised the need to keep an eye on spiralling debt, with government's debt pile having grown from P48 billion in 2021 to an estimated P74 billion at the last count. The major factors have been the rolling budget deficits...
Launching the Kutlwano Market Stalls here, Ntsima stated that the move aims to provide a seamless support experience, with LEA offering end-to-end assistance, from proposal writing to navigating the funding process.This will effectively create a...
In a statement this afternoon, the firm said the power plant will generate predictable revenues from a 25-year Power Purchase Agreement (PPA) with the Botswana Power Corporation. Scatec owns 100% of the project, but expects to reduce its long-term...
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