Presenting the ministry’s recurrent and development budget estimates for the 2025–2026 financial year this week, Communications and Innovation minister, David Tshere stated that Cabinet is expected to deliberate on the submitted recommendations,...
The decision shows that the country’s largest pension fund wants to remain unshaken even as it hunts for opportunities to invest the billions of pula in funds being returned home as part of changes in the law.Under changes to the Retirement Funds...
The central bank’s inaugural inflation-linked bond, carrying a face value of P750 million, attracted seven bids worth only P220 million with demands for yields reaching as much as 10.5%. The BoB did not accept any of the bids.The 21-year...
S&P, one of three main credit ratings agencies whose opinions determine government’s cost of borrowing, maintained the country’s high sovereign credit ratings but revised the outlook from stable to negative.The decision, announced on Friday...
According to the data, average food and beverage prices increased 5.5 percent in the 12 months to February, compared to 5.1 percent in the 12 months to January. The average prices of breads and cereals, which carry the heaviest weighting in the food...
Statistics Botswana figures show that the grains replaced beverages as the most imported item by value last year.According to the data, imports of beverages, which include different types of alcohol and bottled water, were estimated at P2.5 billion...
In March 2024, the state-owned rail utility floated a notice inviting private entities to express interest in operating the passenger train service, popularly known as the Blue Train. At the time, the BR specified that the Expressions of Interest...
This initiative aims to empower women entrepreneurs by providing funding, mentorship, and access to key industry networks. The Women in Tech Accelerator is part of Futuremakers by Standard Chartered, the bank’s global youth economic empowerment...
Following years of extensive research on the Botswana market, company officials this week revealed that the company has sold its first store at Gaborone’s The Fields Mall with other interested franchisees expected to pave a roadmap for expanding...
The Online Business Registration System (OBRS) will be taken down from March 11 to 18, as part of the upgrading to the new system.Senior CIPA officials told BusinessWeek that besides the eagerly anticipated changes around beneficial owners, the new...
This week Botswana Police Service officials revealed that they currently have zero cases recorded involving cryptocurrency illicit financial transactions, due to a lack of capacity.This swims against the tide of alarms raised by the financial...
South Africa’s unemployment rate recently decreased by 1.4 percent, offering some relief, but challenges remain, particularly as AI automates tasks once performed by humans. The implications of this shift were a key focus at the recent Meetings...
Under the terms of the deal, as published on the Australian Securities Exchange last week, BHP has committed to financing Cobre Limited for exploration expenditure at the Kitlanya Projects, located in both the north and south of the...
Following years of extensive research on the Botswana market, company officials last week met with interested franchisees to pave a roadmap for expanding into the local market. According to the company’s CEO, Chris Wheeler, they have been eyeing an...
In a filing on the exchange, the property group assured its shareholders that updates will be provided as developments unfold. The investigation, which began in October last year, led to the national bourse ordering RDC to suspend publishing,...
. As of November 2024, the development finance institution had funded 841 businesses for a total investment of P229 million. This support primarily benefited the services (50%), agribusiness (24%), property (16%), and manufacturing (10%) sectors,...
The branch boasts of self-service kiosks and cash deposit automated teller machines for quick and hassle-free transactions, coupled with high-speed fibre-optic connectivity to support seamless digital banking interactions and a dedicated loan centre...
The listed group noted in the 2024 full year results that it registered a profit before tax of P232 million, which was offset by tax amounts of P302 million that led to losses of P70 million. Speaking at the audited financial results announcement,...
The trade balance, or the relationship between imports and exports of goods, has been in negative territory since at least September 2023 when diamond sales began to slow down and eventually sank due to factors including Chinese market weakness and...
The Bank of Botswana (BoB) released about P1.8 billion to banks in December, as liquidity dried up in the market because of a slowdown in government spending related to the prolonged diamond slump.The situation has not abated this year and could...
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