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...
According to the 2025-2026 Budget Strategy Paper issued by the Finance Ministry, the e-billing pilot has been ongoing for three years and is scheduled to end by March. The ministry described the e-billing initiative as a key priority in the effort to...
The latest decision follows a series of extensions allowing local farmers to export live cattle to other countries, primarily South Africa, as the Botswana Meat Commission (BMC) has continued to face operational challenges. Live cattle sales were...
As the primary water source for Gaborone, the dam’s poor performance has drawn attention to deeper issues affecting water management in Botswana.At a media briefing on Friday, Water Utilities Corporation (WUC) CEO, Gaselemogwe Senai, attributed the...
The FSC is a multi-agency body, which is responsible for assessing vulnerabilities that could affect the resilience and stability of the local financial system. The Council is chaired by the Bank of Botswana and also includes the Ministry of Finance,...
The possible increase in the forecast budget deficit to P11.4 billion, from the original projection of P8.7 billion, as well as the likelihood of the deepest economic contraction since COVID-19, make 2025 a difficult year for Batswana.Whilst the...
According to the last official figures, the country’s foreign reserves managed by the BoB declined to P56.1 billion in October 2024 from P64.9 billion in October 2023, due mainly to the decline in rough diamond sales.The prolonged decline in...
The Gross Domestic Product (GDP), which is an aggregate measure of the value of goods and services produced within the country, has been negative for three consecutive quarters in 2024, as Botswana’s economic mainstay sectors remained subdued.Data...
A government statement seen this week indicates that Kganetsano’s appointment was with effect from December 31.The monetary policy expert was appointed deputy governor in February 2021, rising from being the director of the Research and Financial...
The uptick in copper and nickel exports is on the back of rising local production and escalating prices of the metals, which are both eagerly sought after in the global energy transition.According to the latest figures from the Bank of Botswana,...
The waters are familiar because ever since minerals began to dominate values produced in the country decades ago, the economy became joined at the hip with the cyclical fluctuations of minerals, particularly diamonds.Prior to that, cycles in the...
Unaswi Nduna, who won P100,000, said the inspiration for the name Motswedi for the 2,488-carat stone was because it symbolises honouring diamonds as a source of pride and heritage and for being the wellspring of prosperity for Botswana.Koketso...
Last year, the DCI rose 15.5%, the strongest performance since 2013, powered by heavyweight counters in tourism, banking and finance.This year, the movers were a mixed bag, although banks and financial institutions such as Standard Chartered Bank...
Bond ceiling increasedParliament approved the Finance ministry’s request to raise government’s domestic borrowing limit to P55 billion in March. This was after the previous limit or ‘ceiling’ of P30 billion was reached in February.Under the...
The figure is one that many consumers would have thought would take years to achieve, looking at the fact that just two years ago, inflation touched historic highs at 14.6%. While inflation has fallen by over 80% between August 2022 and November...
Vice President and Finance minister, Ndaba Gaolathe, told the Youth Budget pitso last Thursday that the measures were necessary to safeguard the economy against future shocks and mitigate the risks of unsustainable public debt levels. “Central to...
The campaign, which ran from May 2024 to December 2024, concluded with Ananius receiving a fully equipped hydroponic garden worth P160, 000 at the finale held at Green Gem Nursery, Garden Maintenance, and Landscaping. The hydroponic garden, designed...
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