When addressing the ongoing council meeting this week, TDC chair, Neo Sefume, said that with the challenge of scarce resources, there was need for the local authority to formulate a strategy for income-generation by forming its own investment...
Vice President Ndaba Gaolathe, who is also the Minister of Finance, is currently in Tokyo, where he sold the country’s ambitions to the Asian economic power. In an endeavour to navigate the country from reliance on diamonds, Botswana has invited...
President Duma Boko last week penned a sweeping $12 billion (about P160 billion) investment package from Qatar’s Al Mansour Holdings in a landmark investment deal for the government that will also assist in the much-needed job creation. The...
The company boasts a fleet of brand new Toyota GD6 Hilux vehicles, designed and equipped to handle Botswana’s rugged terrains whilst ensuring comfort and reliability.The founder’s inspiration came from a simple observation. Narrating his journey,...
The recently released Business Expectations Survey (BES) by the Bank of Botswana noted that expectations had remained the same as in the first quarter, with businesses expecting a downward movement of the economy beyond Q3. “Firms were optimistic...
The central bank now expects inflation next year to average 5.9 percent, up from the 4.6 percent forecast in June.Speaking at a briefing held after the August Monetary Policy Committee meeting last week, BoB governor, Cornelius Dekop, said the...
“We have been lobbying and discussing with our partners around the world on what is needed for differentiation. “As we were busy engaging partners, we also realised that our legal framework here needs a lot more tweaking to accommodate the...
The project will be undertaken in partnership with an established private real estate company and will be held under a Special Purpose Vehicle (SPV) in which JTTM will participate as a shareholder. The mall is expected to serve as a key commercial...
The company reported a 38% rise in revenue to $5.6 million, supported by a 14% growth in volumes underpinned by the government subsidy programme and an effectively executed sales strategy. This drove a 60% surge in profit-after-tax to $0.9 million.In...
According to BERA, the decision follows performance monitoring which revealed that only a limited number of licensed companies are actively importing petroleum products, despite the large number of licences issued since the authority commenced...
Local consumers have continued to swim against the global trend of online shopping with other financial datasets showing that consumers continue to prefer to deal in cash for purchases.A household ICT study conducted by Statistics Botswana depicted...
“We continuously have consultations with commercial banks to discourage interest rate changes which are counter to monetary policy stance and economic situation, as well as other stakeholders to address unwarranted price increases,” Governor...
The public real estate company announced to the market in a cautionary noted on the local bourse that it forecast to make a provisional loss of P102 million for the period. The steep downturn is expected to reflect a decline in the company’s core...
He said they have already managed to slow down expenditure by P5.5 billion between November 2024 and June 2025, and would continue consolidating spending to protect the economy from worsening fiscal pressures. “Having successfully slowed spending...
The tourism facility is one of the group’s most iconic hospitality landmarks centrally situated in the city and is within walking distance of major business centres, shopping malls and the city’s attractions. Cresta Marakanelo Limited Head of...
The gathering was held under the theme, “Reimagining Your Business for a Better Future,” and delivered on its mission to equip women-owned Small and Medium-sized Enterprises (SMEs) with practical skills, strategic insights and invaluable...
In the Friday announcement, the Ministry of Trade and Entrepreneurship said the US has cut the diamond rich country’s approved export rate to the American market from 37% to 15%, effective August 7, 2025, under a revised reciprocal tariff...
BPOPF CEO, Moemedi Malindah, told BusinessWeek that the fund was alive to the economic challenges in the country, as well as the need to be more active in stimulating activity that will spur employment creation.“We cannot act as though we are...
For years, the BSE and its partners in the Botswana Bond Market Association advocated for the use of municipal bonds as a viable infrastructure development financing mechanism. Municipal bonds, as used all over the world, are debt instruments that...
In a statement, the union condemned the situation as a deep injustice that has driven many mine workers and their families into severe financial distress.The BMWU said the prolonged non-payment of wages represents not only a breach of contract but...
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