The profits mark a seven percent increase from the P204.8 million recorded over the same period last year.According to results released this week, Botswana contributed the most at 67%, followed by Namibia at 27%, Lesotho at five percent, and Zambia...
"The Government of the Republic of Botswana (“GRB”) and De Beers Group (“De Beers”) are pleased to announce the successful conclusion of negotiations focused on establishing a new sales agreement for Debswana’s rough diamond production, as...
Statistics Botswana figures released this week show that the shortfall between the value of goods imported and exported by the country reached P6.8 billion last November, the worst monthly figure since the diamond downturn began in late 2023. Imports...
Established in 2017, the business has grown from humble beginnings to become a household name for its home-brewed gemere, water and ice cube packaging. Behind this thriving venture is founder Laone Pamela Ranthoyakgale, whose entrepreneurial journey...
The beauty parlour, which operates under the name Ice Queen Beauty Parlour, is situated near Riverside Hospital, House No. 374/5 in the Francistown CBD. Maphane told BusinessMonitor that she has been running the rewarding business since October 2018....
Vice President Ndaba Gaolathe told the recent Budget Pitso for general stakeholders that the next budget, which is expected to be delivered next month, will focus on rebuilding the strength of the country’s financial buffers. “The 2025/2026...
He made the warning when responding to a suggestion from Business Botswana officials to lower corporate taxes so as to stimulate activity in the business environment. However, in his response, the minister said government was rather mulling over...
Under the law, tender committees in ministries and parastatals have far higher spending thresholds than local authorities and land boards.The PPRA’s recently released Annual Report showed that public entities performed dismally in areas such as...
Under the Trade Act 2003 and regulations issued in 2008, licences for petrol filling stations are reserved for citizens and wholly citizen-owned companies.However, fronting which involves foreigners working with citizens intermediaries to give the...
In a notice to the Johannesburg Stock Exchange this week, Tongaat Hulett directors said a sale agreement with the incoming investor Vision Parties had been concluded for the shares in Tongaat Hulett Botswana on January 18. Tongaat Hulett Botswana is...
Under government’s domestic note issuance programme, the BoB floats bonds and Treasury bills each month to raise debt for government in the capital market. The programme’s ceiling was raised to P55 billion early last year after the previous P30...
Sechaba’s share price closed the year 41.4% higher, leading to a generally strong year for the DCI in which all but three companies performed positively. Sechaba also recorded the BSE’s highest turnover for the year at P338.2 million. Turnover is...
According to figures released by the data agency last week, inflation closed the year at 1.7 percent, having started 2024 at 3.9 percent - the latter representing its highest point in the 12 months.Within the figures, annual food inflation generally...
The company’s arrival comes after securing a licence from the Botswana Gambling Authority, allowing it to operate in the country. In a statement last week, Betway said the establishment in Botswana is part of its strategy to tap into emerging...
Gaolathe and his technocrats are hammering out a tough 2025-26 budget, which is expected to carry an P11.4 billion deficit. The current financial year, which ends on March 31, is expected to show a shortfall of P18.6 billion, higher than even the...
Letshego’s board said Monyatsi was resigning to “pursue an external opportunity”.“The board and staff of Letshego would like to thank Monyatsi for his leadership and contribution. “He has set a strong foundation that we will continue to...
This week, consultants, including those in the legal fraternity, stepped up their calls for affected entities to engage them to conduct risk assessments and develop compliance strategies, as the Act finally kicked off after several extensions.The...
Speaking virtually at the Brookings Institute 'Foresight Africa 2025–2030' event held in Washington DC on Wednesday, Kenewendo said it was important that Africa, which hosts an estimated 30% of the world’s critical minerals, prepare...
According to Bank of Botswana data, the pula reached P14.14 against the dollar on Monday, the lowest level the local currency has dropped to against the greenback, before recovering slightly to end the day at P14.05 by press time on Wednesday.The...
This represents a 46% increase from the previous year’s P181 million and surpasses the pre-pandemic high of P176 million achieved in 2019–2020.The announcement highlights the resilience of Botswana’s aviation sector and CAAB’s strategic focus...
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