Briefing Parliamentarians recently, Ministry of Entrepreneurship Karabo Gare said BMC is also reviving its tannery to have adequate base raw-material for the leather park project.“To this end given its existing assets, already serviced land, skills...
The Minister of Entrepreneurship, Karabo Gare said the greenlight follows the negotiations that were conducted at the Dubai Expo 2020 in February 2022 “Plans are underway to complete accreditation of the BMC Maun abattoir to also gain access to the...
Special Economic Zones (SEZA) CEO, Lonely Mogara said Fairgrounds is targeted at FinTech investors interested in Business Processing Outsourcing (BPO), Investment Fund Management, International Banking and International Insurance amongst others....
Previously, the highest after-tax profits the banks enjoyed was in 2018 at P2.02 billion. Bank of Botswana (BoB) figures released last week indicate that the collective net interest incomes of commercial banks rose to P5 billion last year from P4.4...
Known as the Pension Fund Rule 2 or PFR 2, the Non-Bank Financial Institutions Regulatory Authority (NBFIRA) statute at the moment requires pension funds to invest at least 30% of their assets locally.Under changes to the Retirement Funds Act, local...
According to the Auditor General’s latest report, which covers the year to March 2021, BMC owed government P248 million while the national airline was on the hook for P230 million and BotswanaPost P140 million.In all three instances, the loans were...
The 20.46-carat blue diamond was unearthed at Debswana’s Orapa Mine in the third quarter of 2018. It drew comparisons with the world-famous Hope Diamond, although the local stone has a higher purity and clarity level.The Okavango Blue is expected...
Through the Memorandum of Understanding signed on Thursday, Letshego’s support will provide exclusive access to funding for MCM citizen-owned business partners.The CEEP initiative is designed to contribute to the country’s socio-economic...
Statistics Botswana figures released earlier today show that the reduction in annual inflation between January and February was largely due to base effects related to price increases in February 2022.In an update, Statistics Botswana noted that major...
The 100km transmission line runs from Nyamakatse to Botswana Power Corporation’s (BPC) substation in Serowe. Commenting on the group’s half-year financial results for the year ended December 31, 2022, Managing Director Anthony Gilby said...
The performance for the second auction of the year is however 24% lower than the values sold at the corresponding auction last year, a trend that largely reflects stronger than average pricing and demand last year. New CEO, Al Cook said demand...
The Financial Action Task Force (FATF), the world’s leading anti-money laundering organisation, recently greylisted South Africa citing deficiencies in the country’s ability to prevent the flow of dirty money in its systems. The FATF greylisted...
The decision announced on Tuesday evening came as the more than 300 workers employed by mining contractor, Jarcon Opencast Mining Botswana, downed tools at the mine ahead of a retrenchment planned to take effect on March 31."As with many...
Grit, a Mauritius-domiciled entity with roots in London, at one point was the second largest shareholder in LLR with 30% equity, second only to the founding shareholder, the Botswana Development Corporation (BDC) with 40%. However, the real estate...
Botswana Insurance Holdings Limited, the country’s largest diversified financial services group, has been a loyal shareholder in Letshego, riding through recent periods of reduced profit contributions and growth.For the year ended December 2022,...
According to figures released by the Botswana Communications Regulatory Authority (BOCRA), Mascom’s share of mobile phone subscriptions in the country slid to 43% in the year to March 2022, compared to a five-year peak of 55% in the year to March...
In its half year results for the six months ended 31 December 2022, the Botswana Stock Exchange-listed retailer said profits dropped by 34% to P83 million from P114 million that was recorded in corresponding period last year.Directors attributed the...
Jarcon Opencast Mining Botswana, which has conducted mining operations for Minergy since 2019 when Masama Mine began operating, is reportedly owed tens of millions of pula by the Botswana Stock Exchange-listed company for its services.Jarcon has...
The business, which operates besides the busy road that passes by Partial residential area in Gaborone, specialises in the production of furniture, repair of the old furniture and car interiors.It manufactures sofas, chest of drawers, television...
The glamorous official opening of the store took place on Thursday at The Fields Mall. The event which attracted senior business officials, media, and influencers hosted the first flagship store in the capital.The store is the 37th in Africa and one...